HN

Comments (20)

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  bastawhiz
  It's worth noting that this offloads the KYC/AML component to someone else down the road, but doesn't protect you from possible money laundering risk (e.g., you send USDC to a sanctioned individual who launders it into monero or something else). I'm no lawyer but I did work on Stripe Connect's compliance pieces for five years and I would NOT take the risk of (as a business) sending money to USDC addresses without actually verifying identities.It also doesn't offer you protection against fraud (which is a huge problem that marketplaces face).Frankly the missing piece to this is a real, actual identity verification component. If you're not checking identities against sanctions lists at the absolute minimum, you're not doing your due diligence. I wouldn't take that risk. The last thing you need is to be on the receiving end of a US Treasury inquiry.
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  satvikpendem
  There are others that use stablecoins but also handle the legal side like KYC and AML, I was looking at Coinflow for one, so you're probably better off using them.
• ind-igo
  The website design and art are beautiful, well done.
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  renierbotha
  How do you handle refunds & chargebacks? And do you have a maximum amount that can be charged?For context - I'm building a marketplace for artists and struggling to find a global payouts rail. The ones that exist have really high turnover requirements or reject new marketplaces that deal with higher value physical items due to chargeback risk.
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  aleqs
  Cool project, what is your marketplace you are referring to if not a secret?Also the pricing is not very clear - you mention your costs went down to $6, but the first paid tier is $99/month ?
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  haaz
  Should also be noted that you have a fantastic handwritten blog that everybody should subscribe to. Keep up the good work!
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  php_survivor
  Who's your target customer, marketplace owners?
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  zuzululu
  read it again, ah this is USDC but not sure if that is still safe, i know tether has a lot of issues and fragility and some very dodgy stuffso take normal cards then pay out in USDC....is that safe?
• maggio147
  [flagged]
• larichev
  [dead]
• mandarinclips
  [dead]