Base

The recently announced Stripe stablecoin integration is a boon for the industry, further legitimising crypto networks as a superior payment method. (1/8)

Their announcement also validates an idea that I have been working on quietly the past few weeks (maybe I will post that here soon). (2/8)

I was a little disheartened when I first saw the announcement but quickly realised the massive advantage that a crypto native alternative has. (3/8)

I am excited that Stripe is now pushing stablecoin payments into the mainstream but there are some nuances here that are flying over many peoples heads. (4/8)

and then gives the merchant the rest (eventually). That's if your account isn't flagged and your business kept hostage.Crypto enables peer 2 peer transactions between buyers and merchants. (6/8)

Stripe is: Buyer -> Stripe -> Merchants Bank -> MerchantCrypto enables: Buyer -> Merchants wallet -> Merchants bank (Optionally)Stripe is targeting fiat businesses primarily as evidenced by their Crypto -> Fiat option. (7/8)

Their Crypto -> Fiat option is not particularly special, see Monerium which I use regularly.Where is the Crypto Native Stripe alternative? 👀 Coming soon... (8/8)

Stripes infra is not required for many scenarios where people want to accept crypto and stablecoins as a payment method. The entire point of blockchain technology is to remove middlemen like Stripe who take custody of a merchants funds, takes a cut, (5/8)