Merge proposal: loop-classification

On-behalf-of: Ben Stull <ben.stull>
2026-06-01 18:51:33 +00:00
parent 195016c03c b2a7687581
commit 6268d70b88
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+---
+slug: loop-classification
+title: Closed- vs Open-Loop Classification
+state: super-draft
+id: null
+repo: null
+proposed_by: ben.stull@wiggleverse.org
+proposed_at: '2026-06-01'
+graduated_at: null
+graduated_by: null
+owners:
+- ben.stull
+arbiters: []
+tags:
+- payments
+---
+
+Whether stored value is clean store credit or a regulated money-transmission instrument turns on a single line: does value move only among commonly-owned storefronts, or between unaffiliated owners? This RFC defines that closed- versus open-loop classification, keyed to common ownership rather than storefront count. It documents the regulatory line the two-tier model rests on — it does not clear it, which remains a legal matter for counsel.
+