In the US (the most valuable fiat-to-crypto market), onramp is about fraud. 

Specifically:

1. Stolen payment method fraud
2. "Friendly" regret-based (i.e. price goes down) fraud

It's different than e-commerce fraud since doesn't require a physical shipping address (you can use spoofed KYC and get the good you're purchasing if it's crypto).

You're also delivering the asset instantly and in a non-reversible way.

And then you have a chargeback risk 30+ days later.

It's a problem that requires a specific consumer data set and proprietary machine-learning model.

Can Stripe build one here? Yes. Does that happen quickly? No.

stripe just assembled the first stack that circumvents CEXes entirely

before embedded wallets, apps were at the mercy of external wallets

privy flipped the model. they empowered apps to own the relationship with users

but CEXes still provided the best onramp, and so the

Austin Marrazza

In the US (the most valuable fiat-to-crypto market), onramp is about fraud. 

Specifically:

1. Stolen payment method fraud
2. "Friendly" regret-based (i.e. price goes down) fraud

It's different than e-commerce fraud since doesn't require a physical shipping address (you can use spoofed KYC and get the good you're purchasing if it's crypto).

You're also delivering the asset instantly and in a non-reversible way.

And then you have a chargeback risk 30+ days later.

It's a problem that requires a specific consumer data set and proprietary machine-learning model.

Can Stripe build one here? Yes. Does that happen quickly? No.

https://x.com/realitywarp/status/1932907314937246128

Coinflow has largely solved this. Brought us from low-90s to high-90s approval rates on fiat-to-crypto checkout. It's really unbelievably impressive.

Head of Engineering at Courtyard.io, bringing physical collectibles onchain. nf.td/joe /courtyard /backend

Nice.

Coinbase can underwrite $25K ACH buys out of a bank account. No one comes close to that in the US.

I don't think they'd want the max to be public; we see $1000-$5000 purchases at scale though. Same with the fees, they're essentially charging 1% over the going Stripe/Checkout.com rate. But you get instant settlement in USDC and no chargeback risk

what's the max buy allowed?

what do they charge?