Stripe Bitcoin only works for US merchants. This alienates a large amount of people.
I regularly get emails from Bitpay that someone tried to pay more way than my limit of 1k. I find this suspicious because I even got frequent notifications when bitcoin was very rarely used.Hence, it might be a better idea to implement Bitpay and/or Coinbase support, instead of Stripe Bitcoin.
From my understanding (granted, I haven't used their API for anything) coinbase will add the actual BTC (or LTC or whatever other Cryptocurrency they support) to your wallet since, haven't used BitPay for anything so I'm not sure what they do honestly.How is coinbase different?
Asked a Stripe developer:It does seem odd that Stripe only supports US for bitcoin payments. Do you know if there is any particular reason for that as I wouldn't have thought that the country would be relevant when it comes to Cryptocurrencies. Might have to do with calculating exchange rates with other currencies?
I wouldn't expect it anytime soon.<koopajah> no plans for this for now but we're looking into it
<koopajah> legal barrier I think, not sure
Bitpay is used by some very large companies. It's a pretty legit company and the standard for online Bitcoin payments via a gateway. Not sure what happened in your specific case.I regularly get emails from Bitpay that someone tried to pay more way than my limit of 1k. I find this suspicious because I even got frequent notifications when bitcoin was very rarely used.
To raise their limit I need to get certified translated versions of all documentation. Which is expensive to do.
Yeah, I saw their tweet right after they posted it. Really not surprised, tbh.
https://stripe.com/blogDespite this, we remain very optimistic about cryptocurrencies overall. There are a lot of efforts that we view as promising and that we can certainly imagine enabling support for in the future. We’re interested in what’s happening with Lightning and other proposals to enable faster payments. OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow. It’s possible that Bitcoin Cash, Litecoin, or another Bitcoin variant, will find a way to achieve significant popularity while keeping settlement times and transaction fees very low. Bitcoin itself may become viable for payments again in the future. And, of course, there’ll be more ideas and technologies in the years ahead.
These 3rd parties take a lot of risk and liability off your hands. For one, they guarantee liquidity by converting to fiat real-time. But beyond those services, cryptocurrency security is hard, and compromised wallets, small mistakes, malware, [...], can all result in you losing access to your wallet and all the cryptocurrency it contains. All transactions are irreversible, so you don't have any legal remedies to reverse transactions, things we take for granted.there was a huge attack against bitcoin, i wouldn't be surprised if they add bitcoin again in the future, not a big fan of bitcoin cash but really if you're selling products you should accept any type of crypto as long as you can change it quickly to dollars
who needs these 3rd parties when you can accept it directly!