Remix clone Hacker News

new | show | ask | jobs Github

▲

simonw 6 days ago

Can you say more about the SpaceX use-case? Are they paying for rocket parts from some of their vendors using crypto?

▲

matthewmueller 6 days ago | parent [-]

https://techcrunch.com/2025/01/31/stablecoins-are-finding-pr...

▲

simonw 6 days ago | parent | next [-]

Sounds like it's used for accepting payment from Starlink customers in numerous counties:

> The company [SpaceX] partnered with Bridge, a stablecoin payments platform, to accept payments in various currencies and instantly convert them into stablecoins for its global treasury.

▲

ec109685 5 days ago | parent | prev [-]

Why can’t bridge just convert the money into USD? What’s the point of the stable coins step?

▲

jdminhbg 5 days ago | parent [-]

Once you buy the stablecoins, moving the money anywhere is an API call and a sub-1¢ transaction fee, rather than a cross-border wire transfer and a multi-day settlement process.

	▲	ec109685 4 days ago \| parent [-]
		I still don’t know why there is the settlement process. If it was just a row in the database that this person has N dollars, why isn’t that enough?