An embeddable and customizable fiat-to-crypto onramp

Re:An embeddable and customizable fiat-to-crypto onramp by gnarbarian on Thursday December 01, 2022 @02:56PM (#33821816)

>All of this is interesting, but the system also needs an easy way to get "into" and "out of" the system for those that don't want to hold crypto (or for those that are just coming to the game without any crypto). Instead of forcing them through a shady CEX like FTX, they can just buy tokens through this Stripe embed.

and unfortunately, we still have to rely on a company who can choose to deny you business for any reason they want (perhaps stripe doesn't like the addresses you are sending crypto to, for example).

This could be an actual use case for central bank digital currencies though I expect the result will be more fine-grained control and micromanagement rather than less.

[ Parent | on HN ]

Re:An embeddable and customizable fiat-to-crypto onramp by mattdesl on Thursday December 01, 2022 @02:58PM (#33821841)

This is only for the on-ramp and off-ramp on that site. If a user is censored by Stripe, and very determined to get into the digital game economy, they could probably find a local crypto exchange that would handle on and off ramps. Once they are in the crypto system, which may already be the case for many users if we imagine these embeds are in more parts of the web than just niche game marketplaces, that censorship becomes very difficult.

[ Parent | on HN ]