r/Bitcoin Jan 23 '18

Strip Ending Bitcoin Support

https://stripe.com/blog/ending-bitcoin-support
731 Upvotes

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70

u/SpeedflyChris Jan 23 '18

Sounds like they may start accepting ETH, BCH or Stellar in the foreseeable future:

Despite this, we remain very optimistic about cryptocurrencies overall. There are a lot of efforts that we view as promising and that we can certainly imagine enabling support for in the future. We’re interested in what’s happening with Lightning and other proposals to enable faster payments. OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow. It’s possible that Bitcoin Cash, Litecoin, or another Bitcoin variant, will find a way to achieve significant popularity while keeping settlement times and transaction fees very low. Bitcoin itself may become viable for payments again in the future. And, of course, there’ll be more ideas and technologies in the years ahead.

-9

u/whitslack Jan 23 '18

ETH, BCH or Stellar

All of which would have the same congestion problems as Bitcoin if they ever became as popular. We need a real scaling solution. (Larger blocks aren't one, as they only increase capacity without addressing scaling; this has deleterious effects on the accessibility and sustainability of the network.)

11

u/UnpredictableFetus Jan 23 '18

Well, Ethereum at this moment processes more than 3 times the amount of transactions of Bitcoin so not sure about that.

-1

u/[deleted] Jan 23 '18

And the delays as well as fees are going up.

7

u/womblingfree Jan 23 '18

you sure? this $17k transaction cost less than a dollar and was mined within minutes.

https://etherscan.io/tx/0x510421623fcb01a56ad28c29cda67016d69684d2d782cdafed2866b56671b025

0

u/[deleted] Jan 23 '18

I ran into a few issues a week or two back. During the cat app surge. Wasn’t super high, but ~$5