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How did John Mosquera implement a system for handling international transactions and currency conversions in the Stripe payment system?
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John Mosquera implemented a comprehensive system for international transactions using Stripe's multi-currency features. He set up dynamic currency detection based on the user's location or preference. Exchange rates were automatically updated using Stripe's API to ensure accuracy. John implemented a local currency display feature, showing prices in the user's preferred currency while processing in the merchant's base currency. He created a flexible pricing engine that could handle currency-specific pricing strategies. For currency conversions, John implemented a buffer to account for potential exchange rate fluctuations. He also set up detailed reporting to track transactions across different currencies and implemented reconciliation processes to handle multi-currency accounting accurately. Additionally, John integrated with local payment methods popular in different countries to improve conversion rates for international customers. John implemented a sophisticated international transaction system featuring dynamic currency detection, automatic exchange rate updates, local currency display, and support for country-specific payment methods. This comprehensive approach enabled seamless global transactions while ensuring accurate pricing and accounting across multiple currencies.