Stripe Ends Program that Accepted Bitcoin as a Payment

Citing low usage numbers by customers and retailers the payments company says they will end all bitcoin related payments by April 23rd; “Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense,” Stripe product manager Tom Karlo wrote in the announcement reported by Business Insider; the volatility of price and mining fees also played into the decision by Stripe and has been cited by others as an issue that needs be be addressed. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.