It's more that in casual conversation nerds will struggle.
"Did you check out Strype? It's great for kids!" "... I don't think my kids are into payment processing yet...?" "Oh I meant the editor." "The editor...?"
"I spent the weekend debugging the damn Stripe" "Man, your kids must be keen!" "Kids? Why would I involve them? They hate me for not doing anything with them already." "Oh, so you're using Strype yourself? What for?" "what do you mean what for? What else can you use Stripe for?" "That's what I was asking, afaik it's just meant for the microbit" "The microbit? Ahh, no no, I meant the other Stripe..."
"Oh, Strype gives me an error, I'll just google for it" <autocorrect kicks in, turning Strype into stripe> "... what is all this payment crap?"
The last scenario is going to be particularly common among Stryped's target demographic. And let's not even go into the furry porn, that's going to trip a few school firewalls...
It has nothing to do with frame-based editor, that's the point. How are you supposed to convince someone to try "Strype" it even sounds the same. There is so many words and op landed on the exact same as an existing company with a y rather then i.
Might as well just call it "Gougle" or "Macrosoft" or "Yahou"