Payment Processor Stripe Walks Away from Bitcoin
Irish online payment processor Stripe announced Tuesday it will discontinue accepting bitcoin payments as of April 23, 2018. The company cites block size capacity, slow transaction confirmation times and high fees as the reasons behind the change. Stripe became the first major processor to accept bitcoin back in 2014.
Company product manager Tom Karlo goes on to mention that the company will continue to keep a close eye on emerging coins and platforms that may make doing business on blockchains viable again. He specifically mentions Bitcoin’s Lightning Network, Ethereum, and OmiseGO as promising projects.
