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.
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.
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.