Stripe to Enable Millions of Merchants to Get Paid in Bitcoin

johnarb

johnarb

Whole Foods, Walmart, Macy's, Chipotle, McDonalds and many many more getting paid with Bitcoin using Strike

And then this with Stripe...

Prolly nothing...


https://bitcoinmagazine.com/business/stripe-and-opennode-to-release-app-for-bitcoin-payments

STRIPE TO ENABLE MILLIONS OF MERCHANTS TO GET PAID IN BITCOIN
Stripe, a global payment processor, has partnered with OpenNode enabling businesses to convert fiat payments into bitcoin.
  • SHAWN AMICK
  • announced a partnership with bitcoin payments infrastructure company OpenNode, which will allow businesses to convert fiat payments into bitcoin.
  • Through the OpenNode app located in Stripe’s app marketplace, users will be able to convert fiat payments into bitcoin in real time. Businesses can set an automatic amount of their payments to be converted into bitcoin, or they will be able to manually convert any amount into bitcoin they wish.

    Businesses will be able to view their bitcoin wallets and conversion rates at a glance within the app, as seen below.

    The automatic conversion from fiat to bitcoin is accomplished through a split-payment feature located in the app, which businesses will be prompted through when going through the initial setup process. Should businesses choose not to set up split conversion initially, they can simply return to the app’s setting and enable the feature at any time.

    Stripe’s app marketplace was also announced today which will allow companies like OpenNode to create customer user interfaces that will streamline workflows and allow data syncing compatibility between Stripe and its participating partners.

    Using Stripe’s open application programmable interface (API), developers can start building apps that will support Stripe integrations. Billing for applications will be fairly straightforward for businesses looking to build on Stripe as the company said Stripe apps do not currently offer billing for apps, however apps can either be free or paid for but companies will need to handle their billing outside of the marketplace at launch.
 
Prolly nothing...

https://www.nasdaq.com/articles/balenciaga-to-accept-bitcoin-crypto-as-payment

Balenciaga To Accept Bitcoin, Crypto As Payment
CONTRIBUTOR
Shawn Amick Bitcoin Magazine

PUBLISHED
MAY 23, 2022 10:37AM EDT
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Balenciaga, a luxury fashion house, will begin accepting bitcoin and other cryptocurrencies as payment online and in select physical locations.

  • Balenciaga, a Kering-owned luxury fashion house, will begin accepting bitcoin and other cryptocurrencies as payment.
  • First, flagship stores located in the U,S. and Balenciaga’s website will trial the new payment feature with further roll-outs expected at later dates.
  • Balenciaga is the second member of the Kering Luxury Group to accept bitcoin and other cryptocurrencies as payment, following Gucci.
Balenciaga, a luxury fashion house belonging to the Kering Luxury Group, will begin accepting bitcoin and other cryptocurrencies as payment in store and online, according to a report from Women’s Wear Daily.

U.S. flagship stores located at Madison Avenue in New York and Rodeo Drive in Beverly Hills will be the first stores to accept the new form of payment while the brand’s website will also begin introducing the option. The company reportedly stated that more stores and e-commerce functionalities will be introduced at a later date.

According to the report, Balenciaga has not decided what company it will choose as its cryptocurrency payment gateway provider. The firm noted that it will accept bitcoin and another cryptocurrency to begin with and plans to introduce other cryptocurrencies in the future.

“Balenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new,” the company reportedly said in a statement, referring to the current volatility being experienced by the broader cryptocurrency market.


Balenciaga joins the growing list of luxury goods and service providers looking to accept bitcoin and other cryptocurrencies.

Earlier this month, Gucci announced that it would begin accepting bitcoin and other cryptocurrencies in a pilot run of select locations. A few days after Gucci’s announcement, the Swiss luxury watchmaker Tag Heuer announced it would also begin accepting bitcoin and other forms of cryptocurrency as payment through its e-commerce platform.
 
Okay, so enlighten me. Just exactly what benefit does bitcoin offer? Why would I go the extra step of converting fiat money into BC when I could just use cash or other payment methods like GooglePay or credit cards? Credit cards at the very least allow me a 30-day grace period. Some even offer 5% cash back.
 
JackMorgan said:
Good thing we're seeing all this adoption, or it would be back to 10k by now.

See ya there eventually anyway
More...

It's possible, but imho it won't get that low during this bear market cycle

Don't fight the Fed, JPowell is still raising interest rates and QT gonna start in a few weeks

It might be a very interesting year or 2 for all markets
 
And you won't get hacked and all your assets stolen, and you get a refund for fraudulent transactions. And you can dispute charges and have your bank fight for you. Good luck doing all that with cryptos.

schizo said:
Okay, so enlighten me. Just exactly what benefit does bitcoin offer? Why would I go the extra step of converting fiat money into BC when I could just use cash or other payment methods like GooglePay or credit cards? Credit cards at the very least allow me a 30-day grace period. Some even offer 5% cash back.
More...
 
schizo said:
Okay, so enlighten me. Just exactly what benefit does bitcoin offer? Why would I go the extra step of converting fiat money into BC when I could just use cash or other payment methods like GooglePay or credit cards? Credit cards at the very least allow me a 30-day grace period. Some even offer 5% cash back.
More...

You wouldn't buy Bitcoin for the sole purpose of buying something with it

Optionality
  • Bitcoin is a crypto digital investment asset
  • Bitcoin is money that is accepted worldwide
Bitcoin is the best performing investment in the history of the world

---------

Bitcoin as an asset can be used
  • As collateral and get a loan for $25K, $100K or $500K or higher wired to your bank account in 1 business day without credit check
  • As collateral to get a mortgage to purchase a house 100% backed by Bitcoins

Bitcoin as a global money can be used
  • As currency to buy a coffee, burger, laptop, car, or even a house
  • to send value across the world, say from the US to Korea $1, $100, $1,000, $100,000, $10M, or $1 Billion at a cost of less than $1 in transaction fee and the Bitcoins will get to the destination in a few minutes
  • How much does it cost to send $10M from the US to Korea? How long will it take? What approvals do you need from the banks involved in the transaction?

Bitcoin is digital property. It's a bearer asset like physical gold, but 100x better than gold as it's much more useful in the financial transactions. See above

------------

The next time someone says Bitcoin is useless or it's a Tulip, point them to the above because now you know the truth
 
johnarb said:
You wouldn't buy Bitcoin for the sole purpose of buying something with it

Optionality
  • Bitcoin is a crypto digital investment asset
  • Bitcoin is money that is accepted worldwide
Bitcoin is the best performing investment in the history of the world

---------

Bitcoin as an asset can be used
  • As collateral and get a loan for $25K, $100K or $500K or higher wired to your bank account in 1 business day without credit check
  • As collateral to get a mortgage to purchase a house 100% backed by Bitcoins

Bitcoin as a global money can be used
  • As currency to buy a coffee, burger, laptop, car, or even a house
  • to send value across the world, say from the US to Korea $1, $100, $1,000, $100,000, $10M, or $1 Billion at a cost of less than $1 in transaction fee and the Bitcoins will get to the destination in a few minutes
  • How much does it cost to send $10M from the US to Korea? How long will it take? What approvals do you need from the banks involved in the transaction?

Bitcoin is digital property. It's a bearer asset like physical gold, but 100x better than gold as it's much more useful in the financial transactions. See above

------------

The next time someone says Bitcoin is useless or it's a Tulip, point them to the above because now you know the truth
More...
If buttcoin is so good, why it went from 20k to 29k in 5 years ? Those numbers are alright but it aint staggering.
 
Heydrrich said:
If bitcoin is so good, why it went from 20k to 29k in 5 years ? Those numbers are alright but it aint staggering.
More...

Bitcoin was $2,000 five years ago 5/25/2017

Anyway, what's the hurry?? Bitcoin is not a get-rich-quick investment

Bitcoin will be $500K within 5 years and $1M within 10 years

Bitcoin will keep going up in $ price forever

---------------


price-table.png
 
johnarb said:
Bitcoin was $2,000 five years ago 5/25/2017

Anyway, what's the hurry?? Bitcoin is not a get-rich-quick investment

Bitcoin will be $500K within 5 years and $1M within 10 years

Bitcoin will keep going up in $ price forever

---------------


price-table.png
More...
:sneaky::D I love bashing those Bitcoiners :cool:
 
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