Stripe is Dropping Bitcoin Amid Growing Difficulties With The Currency

Stripe

Source: Stripe

Online payment processor Stripe announced on Twitter today, that it will no longer support Bitcoin (BTC) payments on its platform, citing ‘fewer and fewer use cases for which accepting or paying with Bitcoin makes sense’.

Stripe product manager Tom Karlo released a gentle-yet-cutting blog post this afternoon outlining the company’s decision to break up with the world’s largest cryptocurrency. ‘Over the past year or two,’ he explains, ‘Bitcoin has evolved to become better-suited to being an asset than being a means of exchange.’ Not entirely useful for a payment application, therefore.

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