[kkielhofner]

What will be interesting to see is when/if they roll this back. Historically significant announcements like this from large corps are more of a PR play than anything else.

Even Elon/Tesla backed away from crypto less than three months after announcement. They've been (allegedly) looking at it again for almost a year now but given no additional announcement of progress that announcement was quite possibly just another PR move.

[stu2b50]

I think this has more lasting power. There's a lot of reasons not to take crypto purchases... but that's the merchant's problem, not stripe's problem.

They'd only deprecate it if the end users eventually dwindle to 0 and it becomes more expensive to maintain in engineering hours than fees. Which could happen, but it'll take longer than merchants who dip their toes into cryptocurrencies as a currency and find piranhas.

[wollsmoth]

Well, it's USDC which is stable and probably is less of a headache to deal with than ETH/BTC. I suppose if not very many people use it, it might not be worth the engineering time to maintain it though.

[lostmsu]

Isn't USDC a token on Ethereum and some other blockchains? According to this it is 99%+ ETH: https://www.theblockcrypto.com/data/decentralized-finance/st...

[saurik]

Those charts aren't loading on my phone, but I presume you mean Ethereum (not ETH, which is a currency). This announcement says explicitly that the payouts will occur on Polygon, not Ethereum. Polygon currently has much lower fees than Ethereum (though the same scalability bottleneck inherently exists).

[lostmsu]

Why have you omitted that Polygon is also a layer on top of Ethereum?

[saurik]

Because it doesn't affect the price of using Polygon (and because it is only half true in the first place...) making it entirely irrelevant?

[wollsmoth]

hmm, yeah, wow, I kind of assumed USDC transaction costs would be low, but I'm reading they can be kinda steep like eth.

[sweetbitter]

Musk recently said in an interview that Tesla is waiting for bitcoin to consistently use more than 50% renewable power.