MoonPay vs Stripe - who will become the web3 payment solution?

Question

I am wondering about what HN thinks about web3 payment solutions and if Stripe is already too late after the huge MoonPay funding round.MoonPay funding: https://cointelegraph.com/news/crypto-fintech-moonpay-reportedly-aims-for-3-4b-valuation-in-first-vc-funding

Arvand · Accepted Answer

Stripe has incredible distribution. For the many merchants already using Stripe, enabling cryptocurrency payments could, depending on its implementation, be as easy as toggling a switch. That's a lot easier and less costly than integrating a new payment processor from scratch. For new merchants, adopting Stripe would mean being able to accept cryptocurrency payments AND benefitting from Stripe's existing product suite and experience. They've solved a lot of difficult problems really well.
Despite the head start other crypto payment processors may have had, imo none have yet been able to produce a developer experience (or even just documentation) anywhere near the quality of Stripe. Also, that "head start" might be a head start in accepting crypto specifically (though Stripe did do this at one point), but it's not a head start when it comes to accepting payments, more generally. I think the things that make Stripe the best payment processor will translate pretty smoothly into making them the best crypto payment processor, too.
I'm not certain that Stripe will become the number one cryptocurrency payment processor, but I think it's likely. I certainly wouldn't put it past them.

ArtWomb · Answer

Wow, Congrats to MoonPay!I was curious about their fee structure, and after digging was able to find the following chart:https://support.moonpay.com/hc/en-gb/articles/360011930117-W...Is the API public? Looking for a list of MoonPay's webhook endpoints & events a la Stripe...

tofukid · Answer

Neither.The purpose of cryptocurrency is peer-to-peer transactions. No central bank, no retail banks, no payment processors, no KYC, no gatekeeping.A few days ago there was a thread about Stripe locking a business&rsquo; account for no reason, with no support, grinding their entire business to a halt. That&rsquo;s not the future of cryptocurrency I want.

decentralizeme · Answer

https://cointelegraph.com/news/new-multi-chain-defi-payment-...

colesantiago · Answer

Why Stripe? Can't they just acquire MoonPay and be done with it?

altdataseller · Answer

Why would the regular Joe use MoonPay to pay for stuff online? Why not the regular way?

aliswe · Answer

web3?

tolulade_ato · Answer

Stripe IMO