Stripe is Dropping Bitcoin Amid Growing Difficulties With The Currency


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.

Read The Full Article On

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Powered by WPeMatico

Please follow and like us:
Posted in BitCoin News and tagged , , , , , , , , , , , .