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Stripe Ends Bitcoin Support and Will Stop Processing on April 23, 2018

     
9:50 am on Jan 24, 2018 (gmt 0)

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Strip is ending support for Bitcoin payments over the next three months, and will stop processing Bitcoin transactions on April 23, 2018.

Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies. (By the time the transaction is confirmed, fluctuations in Bitcoin price mean that it’s for the “wrong” amount.) Furthermore, fees have risen a great deal. For a regular Bitcoin transaction, a fee of tens of U.S. dollars is common, making Bitcoin transactions about as expensive as bank wires. Stripe Ends Bitcoin Support and Will Stop Processing on April 23, 2018 [stripe.com]