Payment processor Stripe announces that it will stop supporting Bitcoin by the end of April
news·@joelgonz1982·
0.000 HBDPayment processor Stripe announces that it will stop supporting Bitcoin by the end of April
<html> <p><br></p> <p><img src="https://i0.wp.com/www.diariobitcoin.com/wp-content/uploads/2018/01/stripe.png?resize=768%2C427" width="768" height="427"/></p> <p><strong> The high commissions, as well as the inconveniences at the time of making transactions were cited as the main reasons why it is complicated to continue processing payments in the digital currency.</strong></p> <p> Several digital media reported yesterday that the payment processor <a href="https://stripe.com">Stripe</a> announced that it would stop supporting Bitcoin formally as a payment method, and that the measure will be effective as of April 2018.</p> <p> The manager of the area of<br> <br> products, Tom Karlo, made public the news through a post in the <a href="https://stripe.com/blog">Blog of Stripe</a>, in which it indicated that a period of transition of three months would take place, which would give by finished the support for Bitcoin definitively as of April 23, 2018.</p> <p> Originally, the company had announced support for payments in the digital currency starting in 2015, a measurement that occurred one year after having first tested with the technology. By that time, residents in more than 60 different countries could make their payments in all kinds of businesses making use of Bitcoin balances through the Stripe network.</p> <p> However, the long times to confirm the transactions, the increasing number of failures in the sending of the assets and the increase in fees for commissions have made Bitcoin an increasingly less popular means of making payments, This is the reason why Stripe merchants and users have ceased to make use of digital currency for products and services.</p> <p><strong>Karlo explained:</strong></p> <blockquote> "Due to the events already known by all, we have noticed that our customers have stopped using Bitcoin as a means of payment. On the other hand, companies that accept digital currency through our network have reported a decreasing number of incomes. We have been able to verify empirically that there are fewer cases of use, so we do not believe that it makes much sense to pay with Bitcoin or accept it as a valid currency for products and services. "</blockquote> <p> Although Stripe will not support Bitcoin, the company remains very optimistic about the performance and usefulness of cryptocurrencies in general. In this regard, Karlo commented that, despite the decision taken by the company, it is completely feasible that support be given for other cryptocurrencies in the not too distant future.</p> <p> The reasons exposed by Stripe were the same ones that originally mentioned the platform of video games Steam, which announced at the beginning of December that it would stop offering support for the payments with Bitcoin balances. At that time, a representative of the company said that the biggest problem was associated with the high fees required for transactions, which caused much greater problems when the value of Bitcoin was reduced sharply.</p> <p> In relation to the company's future plans with respect to other cryptocurrencies, Karlo assured that the company has the doors open for the incorporation of <a href="https://coinmarketcap.com/currencies/stellar/">Stellar</a>:</p> <blockquote>"At Stripe we are willing to support Stellar, as long as the use of digital currency continues to grow. "</blockquote> <p> According to data extracted from CoinMarketCap and MercadosDiarioBitcoin, each Stellar unit is trading at USD $ 0.62, 15.46% more than yesterday at the same time. At the moment it is ranked 6th in the ranking, with a capitalization market of USD $ 11 billion.</p> <p><a href="http://www.diariobitcoin.com/index.php/2018/01/25/procesador-de-pagos-stripe-anuncia-que-dejara-de-dar-soporte-a-bitcoin-para-finales-de-abril/"><strong>Source diariobitcoin</strong></a></p> <p><img src="https://steemitimages.com/DQma7oDtvTLUrHztJ4KKyWiS4mRaGry7fAoFHxPR9Mr3DPt/DQmT4gYHi4jcTgu7XFG4viqRhK48zq27q3yLs5a44DX9vL6_1680x8400.png" width="810" height="450"/></p> </html>