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01-24-2018, 09:42 AM
Stripe won't accept Bitcoin anymore
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Bitcoin has been dealt another blow — Stripe will no longer accept payments with the decentralized cryptocurrency.
It seems like Bitcoin is getting battered (http://mashable.com/2018/01/23/bitcoin-wall-street-predictions/) this week with its declining value, but Stripe's decision is pretty logical and inevitable.
SEE ALSO: Bitcoin is a victim of its own success (http://mashable.com/2017/12/07/bitcoin-victim-of-its-own-success/?utm_campaign&utm_cid=a-seealso&utm_context=textlink&utm_medium=rss&utm_source)
As the company explained in a blog post (https://stripe.com/blog/ending-bitcoin-support), "Bitcoin has evolved to become better-suited to being an asset than being a means of exchange."*
It says the usefulness of the coin as a payment method has decreased and fees are through the roof — transaction fees (https://www.coindesk.com/save-bitcoins-soaring-fees/) were above $50 at one point at the height of the Bitcoin bubble late last year. Read more... (http://mashable.com/2018/01/23/bitcoin-stripe-payment-transactions-ending/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Stripe (http://mashable.com/category/stripe/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Payment Platform (http://mashable.com/category/payment-platform/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516765626 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516765626)
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Bitcoin has been dealt another blow — Stripe will no longer accept payments with the decentralized cryptocurrency.
It seems like Bitcoin is getting battered (http://mashable.com/2018/01/23/bitcoin-wall-street-predictions/) this week with its declining value, but Stripe's decision is pretty logical and inevitable.
SEE ALSO: Bitcoin is a victim of its own success (http://mashable.com/2017/12/07/bitcoin-victim-of-its-own-success/?utm_campaign&utm_cid=a-seealso&utm_context=textlink&utm_medium=rss&utm_source)
As the company explained in a blog post (https://stripe.com/blog/ending-bitcoin-support), "Bitcoin has evolved to become better-suited to being an asset than being a means of exchange."*
It says the usefulness of the coin as a payment method has decreased and fees are through the roof — transaction fees (https://www.coindesk.com/save-bitcoins-soaring-fees/) were above $50 at one point at the height of the Bitcoin bubble late last year. Read more... (http://mashable.com/2018/01/23/bitcoin-stripe-payment-transactions-ending/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Stripe (http://mashable.com/category/stripe/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Payment Platform (http://mashable.com/category/payment-platform/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516765626 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516765626)
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