Stripe has announced that it’s dropping support for Bitcoin-based transactions on its payments platform, citing high transaction confirmation times and numerous failures, as well as fees that are now as expensive as bank wires. That’s a huge blow to the cryptocurrency, not just because it’ll see fewer transactions, but also because it’s a sign that companies and consumers are growing disinterested in using Bitcoin to pay for things. Valued at $9 billion, Stripe is a major payments service provider in 25 countries, and the company claims to process billions of dollars in transactions each year. It’s now ending support for…
This story continues at The Next Web
Or just read more coverage about: Bitcoin