One benefit to payment processing for crypto is that there’s little in the way of material limitations on processing payments. The blockchain for a given coin already exists, your job as a processor is primarily to convert those on-chain transactions into and out of other currencies. Only requiring intervention at the point of entering or exiting dollars to and from the system changes a lot of the dynamics.
It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.
Not when exchanges still govern taking money out. They are businesses like everything else and will be just as risk averse
One benefit to payment processing for crypto is that there’s little in the way of material limitations on processing payments. The blockchain for a given coin already exists, your job as a processor is primarily to convert those on-chain transactions into and out of other currencies. Only requiring intervention at the point of entering or exiting dollars to and from the system changes a lot of the dynamics.
It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.