Stripe will stop accepting bitcoin in April
Stripe announced today that it will stop supporting bitcoin payments in April. The company started accepting bitcoin payments in 2014, but in a blog post, it said today that the cryptocurrency has become way less useful as a method of payment, and as bitcoin revenues have declined, so has its customers' interest in it. "Bitcoin has evolved to become better-suited to being an asset than being a means of exchange," said Stripe, mirroring a belief others have expressed as well . The company specifically pointed to large increases in transaction confirmation times, transaction failure rates and fees as some of the main reasons bitcoin has become less functional for payments. "Empirically, there are fewer and fewer use cases for which accepting or paying with bitcoin makes sense," said Stripe. Stripe certainly isn't the first to thaw on bitcoin. Valve stopped accepting bitcoin last month , also citing transaction costs and high volatility as reasons for aba...