If you're thinking of implementing Stripe's crypto onramp into your app, don't. You'll no longer be able to accept fiat. It's a 3 week process to get reapproved to accept fiat, and it's still not guaranteed.

Was using stripe for payments and I received a cancellation notice similar to this one.. my app only made it to testnet so I didn’t suffer

Wincoins.us Founder-

A cold storage operational background paired with financial analytics and derivative knowledge. 

Crypto payments for small businesses. Contributing to the mainstream use of crypto. @gogh
ongogh.com /shop-la

Yeah I was actually a crypto company… mine made more sense but we had not generated any revenue

The whole thing is ridiculous. You create an account to accept fiat payments, turn on one feature, and that makes you a crypto company. And apparently also means you can’t accept fiat??? I’m very lost as to why.

Stripe cancellation notice is concerning, but not harmful if app is still in testnet

Stripe cancellation can be frustrating, but good thing it was during testing phase

Stripe is reliable for payments, but cancellations can happen. Good thing your app had not been fully launched yet

Good that you weren't affected by the cancellation notice

Stripe is reliable for processing payments, but can be strict with cancellations. It's good that you didn't face any real losses