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.
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.
- 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.