Comment by Hasz
9 months ago
I looked at this space about 3 years ago, what I want seems to still not exist
I am looking to sell physical goods for low total amounts (<$10 usd) via a website. The most basic e-commerce you can imagine.
In particular, what I want:
- fast-ish payments (settlement in <2hr)
- low/zero per-payment cost, low % fee
- your average HN user could figure out how to use it to pay
What I don't need:
- subscriptions
- payment-level fraud protection
- payment-level kyc
- customer financing (a la Klarna)
- rev rec
It seems like Fednow or lightning would meet some (most?) of these requirements, but I have not yet seen it in the wild.
> - payment-level fraud protection > - payment-level kyc
No one needs that. Not a single party to the transaction, however remote or secondary. Every participant absolutely hates those.
All of which doesn't matter, because the whole KYC/AML bullshit is forced on us and it is inevitable in the TradFi world.
Does stablecoin send/receiving via stablecoins or Lightning not work? Is it too difficult to get a user to pay? x402 should work just fine?
Tempo might be good for this once it comes out.