Inherent to Stripe processing BTC is the fact that you are now a foreign exchang... | Hacker News

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		kchoudhu on Feb 19, 2015 \| parent \| context \| favorite \| on: Stripe: Bitcoin Inherent to Stripe processing BTC is the fact that you are now a foreign exchange broker. Here's a small sample of why you're going to have to do a lot better than "we only charge 0.5%" to convince me that adding FX risk into my payment processing stack is a good idea: http://www.bloombergview.com/articles/2014-11-12/banks-manip... http://www.bloombergview.com/articles/2015-02-09/banks-will-... And that's just from the last three months, in an arena that is already heavily regulated by the SEC.

collision on Feb 19, 2015 [–]

Hm? As a business selling with Stripe, you won't be taking any FX risk. You request $20, and you receive $20 - 0.5%.

I am a huge fan of Matt Levine's work, but the articles you reference are about banks who participate in the FX markets, which is... different.

(Relevant disclosure: I work at Stripe.)

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