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posted by Fnord666 on Thursday January 25 2018, @12:43AM   Printer-friendly
from the and-so-it-goes dept.

The payment service, Stripe, has ended its support for Bitcoin due to rising transaction fees and long confirmation times. Particularly the latter contribute to failed transfers. So Bitcoin is over as an experiment, and more are realizing that. However, the expectation is that some other cryptocurrency will become widely used, eventually.

Therefore, starting today, we are winding down support for Bitcoin payments. Over the next three months we will work with affected Stripe users to ensure a smooth transition before we stop processing Bitcoin transactions on April 23, 2018.

Despite this, we remain very optimistic about cryptocurrencies overall. There are a lot of efforts that we view as promising and that we can certainly imagine enabling support for in the future.

[ TMB Note: Yes, this will absolutely break our ability to accept BitCoin. Again. Which is fine this time as BitCoin transaction fees are now as high as the minimum price for a year's subscription. If you have a preferred alternative that we can accept without actually touching cryptocurrency, drop the info in a comment. ]


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  • (Score: 5, Insightful) by FatPhil on Thursday January 25 2018, @06:01AM (3 children)

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Thursday January 25 2018, @06:01AM (#627569) Homepage
    > The fact people are willing to pay $30/transaction shows that bitcoin is here to stay.

    Have you not noticed that this is a "people are not willing to pay $30/transaction" story?
    --
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  • (Score: 0) by Anonymous Coward on Thursday January 25 2018, @10:44AM (2 children)

    by Anonymous Coward on Thursday January 25 2018, @10:44AM (#627623)

    If nobody were willing to pay $30/transaction, the transaction price would not be at $30.

    • (Score: 2) by The Mighty Buzzard on Thursday January 25 2018, @12:15PM (1 child)

      by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Thursday January 25 2018, @12:15PM (#627651) Homepage Journal

      If your money never leaves an exchange wallet, no actual trades need take place except on paper. Speculation, even tiny amounts of speculation, are still quite possible without incurring the currently huge fees.

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      • (Score: 0) by Anonymous Coward on Thursday January 25 2018, @01:31PM

        by Anonymous Coward on Thursday January 25 2018, @01:31PM (#627675)

        Here you go [bitbonkers.com]