Cryptocurrency payment system

in #bitcoin • 6 years ago

"Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies. Furthermore, fees have risen a great deal. For a regular bitcoin transaction, a fee of tens of US dollars is common, making bitcoin transactions about as expensive as bank wires,” the company stated.

This has led to a steady decline in demand for bitcoin among businesses that are ready to pay and accept payment in bitcoin rather than trade it, Stripe said. The company will stop working with bitcoin from April 23.

https://www.rt.com/business/416851-bitcoin-stripe-cryptocurrency-payment-system/ image

#cryptocurrency #payment #system
6 years ago in #bitcoin by
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