I have a question about whether making an in-app currency using the stripe payments & stripe connected accounts would be right and compliant.
This currency (let’s call it coin) will have the following capabilities:
- Buy coins with real money using stripe payment
- Buy digital products inside the app
- Send coins to other users inside the app
- Convert coins to real money & withdraw to a connected account
In teory is possible to implement this in the thechincal part, but I do not know about the legal part.
I found out that this is called a “convertible virtual currency”, that have legal requirements but looks like stripe handle most of these requirements, so maybe?
Someone that had made a system like that can give me a light?
Thank you in advance!
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