Does it adhere to KYC and AML at exchanges and other fiat ramps? I think it’s a clever backdoor hack to instant cross border value movement without traditional banking (Wise and company), but the reach of government is always there.

Curious what US Treasury, FinCEN, OFAC, etcs take on this is. The plumbing is easy, it’s the laws, regulation, and compliance that are the work.

High level, Stripe is reaching for growth when there isn’t much innovation to be had in financial utilities besides reducing waste and inefficiencies by cannibalizing your business or someone else’s while the industry continues to commodify basic services like payments, cross border transfers, and deposit accounts (lending and data is the last bastion of profits for financial services).

https://www.pymnts.com/news/fintech-investments/2022/stripe-...