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111 votes
Hello I am the product manager for the group within Xero which looks after the currency capability.
I follow the digital currency space closely, I find it incredibly interesting both sociologically as well as technically. However as a product manager my role is to ensure that my engineering group works on the things that create the most value, for the most people, and in alignment with the company's long term goals and aspirations.
Digital currencies continue to have an extremely passionate, but also extremely small group of users who want to see them handled in Xero. The cost remains very high for us to deliver this feature, and does not make a difference to enough peoples lives to justify that investment. There are a lot more touchpoints than many people appreciate to implement crypto properly. Huge decimal precision, UX, currency rate feeds, revaluation logic, reporting - all need changes to…
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Don McAllister
commented
We are getting requests from customers to pay in Bitcoin (BTC) as well as suppliers wanting to invoice in BTC. I really wouldn't focus too much on trying to adopt a wide range of crypto currencies but BTC should be a priority
Don McAllister
supported this idea
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Bitcoin not Crypto. If you try to develop for the 20,000 alt coins you're going to get nowhere fast. Concentrate your efforts on supporting Bitcoin. The improvements in the layer 2 lightning network have seen a huge increase in adoption and these payment rails will rapidly become extremely important for vendors as more and more people transact using Lightning.