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benjiro29 • today at 3:43 PM • 2 replies • view on HN

The has been a clear increased in payment processors ( be it Visa/Mastercard/Paypal/... ) that blocking payment access to websits.

These may be perfectly legal (example xxx sites), gray at worst (like anime websites). Some anime site that had (for example) paypal for over 15+ years. Plop ... gone.

Crypto has become become the alternative payment method for those sites. So its not "dictators that are doing pretty nasty stuff" but a ton of sites and services that can be affected.

Ironically, there has been a lot of focus also in Europe regarding this issue, as much of the internet payment processors are in or linked to the US. With the focus to get a alternative to Visa/Mastercard going.

The reality is that a lot of power regarding payment processing is in the hands off one country, that has a lot of large companies with interests/powers to dictate over the entire world, what is and is not allowed. And crypto has becomes a necessary evil. In a ideal world we do not need crypto as payment processors are neutral or at minimum have very stronger requirements to kick off clients. But the reality is different...


Replies

abirch • today at 3:57 PM

Is there any Crypto that can be used for refunds due to fraud? That's my major concern. Until then I'll be stuck with Visa/Mastercard/Paypal etc.

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HDThoreaun • today at 7:29 PM

When I tried to use the deepseek api all my cards got declined. "Oh great" I thought "finally a use for my last $10 of crypto." But they dont accept crypto. Instead they want me to transfer money into a paypal account which takes a week.