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… Which will result in prices for games fluctuating wildly, and their entire storefront having to tell people how to by crypto from shady places.
Stuff like FedNOW and Wero are a better solution which bypass payment processors entirely.
That really depends on the crypto being used and you can buy crypto from non-shady places lol
If adult content moves to crypto, won’t that result in Collective Shout and friends targeting the big crypto marketplaces?
At least in the us, crypto bros have a stranglehold on a number of politicians on right and left. Its unlikely to be banned or hindered unilaterally.
… I don’t have any trust that the US government will do anything pro-lgbt, pro-freedom-of-expression or pro-women.
Oh I don’t either, I just don’t think they will touch crypto. I don’t think it’s a good thing that they won’t touch crypto though.
I have bad news for any privacy coins
https://coinedition.com/eus-new-legislation-to-ban-monero-zcash-and-non-kyc-wallets/
Starting July 1, 2027, the EU will ban transactions involving anonymous wallets and privacy-focused cryptocurrencies like Monero and Zcash under the new Anti-Money Laundering Regulation (AMLR), aiming to eliminate illegal activities facilitated by untraceable digital assets, and subject Central Banks to direct AML supervision.
They could target payment processors that handles crypto, but they can’t prevent anyone from receiving payments in crypto. You don’t actually need a payment processor to receive crypto. All you need is a wallet to send or receive.
As far as I’ve seen they all fluctuate wildly, is that not the case with some?
You can look into “stablecoins”. But the volatility doesn’t really matter for the merchant, as they can usually sell the crypto immediately upon the purchase by the customer.
I mean there tends to be overhead and fees that are greater than most other payment processors, no?
This is the big reason I haven’t even tried paying via crypto:
€ ➡️ bitcoin ➡️seller
Every step has huge costs that make no sense if there’s an alternative around. And mostly require a large minimum. Nope!
stripe has a 1,5% fee for crypto transactions. Dunno if that’s a lot or?
It’s not just about the processor fee, though I don’t know why the hell you would use stripe when they’re one of the outfits screwing over itch right now. It’s about the fees to convert into crypto for the buyer, and convert out of crypto for the seller.
Why does it matter if it is volatile? I’ve used crypto to keep newsgroups going for years. You buy $10 worth at the time, doesn’t matter if it’s worth $5 or $20 tomorrow, it’s served it’s purpose.
Well not really… i don’t want my 10 to be worth only 5 tomorrow… I am happy you don’t care, but a lot of other people do.
Your 10 isn’t your 10 any more so why do you care
But that is the problem. It still is my 10 if i have it in my wallet. And until i pay with it, it can fluctuate in my wallet. Unless i guess i buy the crypto coin and immediately pay with it. But that is more of a hassle to buy something.
If i own money in the form of crypto currency and within a day it could be worth half, it is just not viable. Its too much of a gamble.
I understand what your saying, and I agree for the situation you describe, however I don’t think you appreciate my view point. The process I follow when purchasing services is to only purchase the exact amount I require at the time, in fact the check out process only allows me to do just that.
How does that work though? Do you pick a cryptocurrency at checkout on for example steam, and then it charges your creditcard or bank instantly to the crypto currency and then instantly steam? I do not use crypto currency so i don’t know if that is a thing. Is that what you mean?
I never said Crypto is unusable
To those who are saying the price of things would be volatile because they are accepting crypto. That isn’t how buying things works. The asset is volatile. Not the cost of the thing you are buying.
Just try to check out a cart anywhere that allows for cryptocurrency payment. Mullvad is a place I can suggest. They even give you a discount for doing so.
Just do the same as PH and similar do? They would have a hard time shutting down whole other industry like that.
