Re:Stellar
by natrius on Thursday July 31, 2014 @02:42PM
(#8116110)
Switching between currencies, especially paper currencies, requires trust unless you're physically handing over money. I have full control over my bitcoins, but if I want dollars, I need to trust Bitstamp and my bank, or Stellar and my gateway.
Anyone can be a gateway, so Stripe can't prevent others from succeeding. The only barrier to entry to becoming a successful gateway is earning the trust of the folks transacting on the network.
Anyone can be a gateway, so Stripe can't prevent others from succeeding. The only barrier to entry to becoming a successful gateway is earning the trust of the folks transacting on the network.