Stripe to End Bitcoin Support

Decision is dictated by increased commissions and time of transactions
24 January 2018   1397

Stripe, digital payments solution developer, will abandon bitcoin in April this year. As a reason, Stripe called high volatility and a long time confirmation of transactions. Information about this was posted on the company's blog.

Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive.

Tom Karlo

Stripe Team

However, over the years of its existence, bitcoin from a payment instrument has turned into an asset and has become unsuitable for making transactions that require a transfer in a short time. Over time, the popularity of bitcoin among Stripe users has dropped significantly.

For a regular Bitcoin transaction, a fee of tens of U.S. dollars is common, making Bitcoin transactions about as expensive as bank wires.

Tom Karlo

Stripe Team

Stripe began to support bitcoin payments in 2014 when the rate of cryptocurrency first reached a mark of $ 1,000 and people began to take it seriously. The company insists that it remains optimistic about the future of the cryptocurrency and calls some of the most promising projects: Lightning, OmiseGO, Ethereum, Bitcoin Cash, Litecoin. In addition, in the future Stripe can add support to Stellar, in the initial phase of funding which she took part. 

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   142

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.