1 Year development plan for Straight, a Bitcoin payment processor (opens in new tab)

(straight.romansnitko.com)

13 pointsfinal_approach11y ago2 comments

2 comments

While I understand well how Bitcoin works, I do not understand what are practical ramifications of going with Straight instead of Bitpay.

Selling BTC manually on some exchange? Some AML/KML stuff?

wmf11y ago

Selling BTC manually on some exchange?

Yeah, Straight exposes the merchant to a lot of currency risk. It's probably only appropriate for merchants who also want to invest in BTC.

j / k navigate · click thread line to collapse

exo76211y ago

While I understand well how Bitcoin works, I do not understand what are practical ramifications of going with Straight instead of Bitpay.

Selling BTC manually on some exchange? Some AML/KML stuff?

wmf11y ago

Selling BTC manually on some exchange?

Yeah, Straight exposes the merchant to a lot of currency risk. It's probably only appropriate for merchants who also want to invest in BTC.

j / k navigate · click thread line to collapse