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Payment Processor Stripe to End Support for Bitcoin

Postby MrFredPFL » Wed Jan 24, 2018 7:01 pm

Story : https://www.coindesk.com/stripe-to-end-support-for-bitcoin-transactions/





Payment processor Stripe announced Tuesday that it will end support for bitcoin as a payment method in April.

Product manager Tom Karlo wrote in a blog post that Stripe would transition away from bitcoin over the next three months, fully ending support for the largest cryptocurrency on April 23, 2018.

Stripe first enabled bitcoin transactions in 2015, a move that came a year after first testing the technology. At the time, residents from more than 60 different countries could pay merchants on Stripe's network using bitcoin.

However, lengthy transaction times, an increasing transaction failure rate, and growing fees mean bitcoin is becoming less popular among Stripe's merchants and users, Karlo wrote.







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