altcoin payment processor

[poblico]

Is anyone working on a payment processor for alt coins(like bitpay)?

What would be the challenges in implementing such a system?
I assume choosing the "right" coins will be an important decision to make in this case.

Would love to get some comments and ideas about that. 

[Dreamweaver]

I think there's already such a service. I haven't used it since I'm not a merchant, but I think its worth checking out.

coinpayments.net

[poblico]

Thanks for the reply
This is a crypto only payment processor they do not pay FIAT to the merchants.

What would be the challenges with paying FIAT on a daily basis to merchants?
(other then the obvious reason of absorbing the volatility risk and having a pool of FIAT)

[defaced]

Franko was just added to coinpayments.net!

[georgem]

Thanks for the reply
This is a crypto only payment processor they do not pay FIAT to the merchants.

What would be the challenges with paying FIAT on a daily basis to merchants?
(other then the obvious reason of absorbing the volatility risk and having a pool of FIAT)

The challenges would be mostly of legal nature.
Don't expect to start such a payment processor company without having atleast three lawyers who know the financial implications of bank and money regulations, on a global scale of course.

The IT-part is easy compared to that.