Ask HN: Would you implement a crypto payment processor in your business?

[rzvdrl]

For those of you who own or operate businesses, have you considered implementing a crypto payment processor?

If yes, what are the main reasons driving this decision? Is it to increase customer base, ride the crypto wave, reduce transaction fees, or something else?

If no, what are your main concerns? Is it the volatility of cryptocurrencies, regulatory issues, technological challenges, or simply lack of demand from your customers?

For those who have already implemented it, what has been your experience so far?

Would love to hear your thoughts and experiences.

[brucethemoose2]

Read Valve's take:

https://www.pcgamer.com/50-of-transactions-were-fraudulent-w...

And remember, this was during peak crypto, before most of the meltdowns. From a large, mature purely online business selling purely digital products with a tremendous amount of fraud experience.

[rzvdrl]

Was it possible to purchase gift cards using Bitcoin? If so, this could potentially attract a significant number of fraudulent activities.

[vivegi]

No.

Regulatory challenges (Jurisdiction India).

[rzvdrl]

What if there is no KYC involved? Based on my knowledge, if the transactions are 100% crypto and they don't interact with fiat, then it's considered a merely web3 project.

Correct me if I'm wrong