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0 pointsrsstack4y ago0 comments

Not to be negative, but when evaluating financial services CryptAPI are failing most checks:

- Three employees on LinkedIn, none with a background in finance, security, accounting, etc. - No audited security certifications (PCI DSS doesn't directly apply, but there should be _something_ that shows that _someone_ checked their processes/code/infrastructure for reasonable best practices) - No fraud protection or anything like that.

This could be nice for a crypto-only side-business that someone is running, but it can't be used by a serious company that needs to supplement their non-crypto payments with a crypto payments option.

0 comments

dmak4y ago

Not saying I don’t agree with you, but a lot of fiat measures or security certs are based off the weaknesses of tradfi. I am guessing that crypto payment processor requires a much thinner layer of trust and leverages a lot of the underlying blockchain technology without having to build more glue around it.

traveler014y ago

Well, I've been using their service for quite a while and it works great.

I like that each transaction is forwarded to my wallet right after the first confirmation on the blockchain, so the money is always on my side.

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