And another one stops accepting bitcoin payment - page 2.

sjefdeklerk

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Quote from: DustyRah on January 24, 2018, 08:56:46 AM

Subway
Newegg
CheapAir
Expedia
Reddit
Microsoft
Dynu
Bloomberg
Braintree
Rakutan

You do realize there's only 1 Subway restaurant worldwide that accepts bitcoin ? One in buenos aires. Bitcoin is simply NOT suitable for payment in a physical store since it takes hours to confirm the payment. What's a shop owner supposed to do, tell the client to not leave his shop for 3 hours? Or simply hope that the payment goes through? And I'm not even talking about the extreme fees.

bocyaj

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Quote from: DustyRah on January 24, 2018, 08:56:46 AM

SHORTY, there may be 10 who started accepting when one has stopped. Overall the adoption is growing, not reducing.

How's that SHORT going? Hard work having to spread FUD to keep it going?

Here are a few who do accept Bitcoin:

Subway
Newegg
CheapAir
Expedia
Reddit
Microsoft
Dynu
Bloomberg
Braintree
Rakutan

BTW, the mempool is improving which should improve transaction confirmation times and fees. In fact, if people would just start using Segwit capable wallet they can cut their fees in half and Coinbase is working on implementing Segwit to resolve transaction times/fees.

https://dedi.jochen-hoenicke.de/queue/#30d

I agree with you,this are accept the bitcoin.With this KFC and Amazon had accept the bitcoin as there payment.Did you think why this fellow start to accept the bitcoin.Answer is here,they had come to know bitcoin will become national currency soon.

sjefdeklerk

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Quote from: BrewMaster on January 24, 2018, 12:10:27 PM

Quote from: sjefdeklerk on January 24, 2018, 09:42:52 AM

Quote from: DustyRah on January 24, 2018, 08:56:46 AM

SHORTY, there may be 10 who started accepting when one has stopped. Overall the adoption is growing, not reducing.

?? Do you have any data to support that claim ? Last time I checked support was DROPPING with 5 of the top 500 online merchants supporting BTC payment in 2016, and only 3 left in 2017.

i don't think those are "bit merchants" they are big "names" and there is a big difference if you ask me.

and for the claims he made you can check their respecting websites to see they are accepting bitcoin payment or not and maybe they give some stats.

the best stats that i have seen so far (since merchants don't really release their shit publicly) is the bitcoin payment processor called BitPay. they release it yearly i believe and last time they claimed "the merchants that are using their system have received $110M+ per month"
https://blog.bitpay.com/bitpay-growth-2017/

And check the graph there: https://blog.bitpay.com/content/images/2017/10/bitcoin-transactions-chart.png

BTC payments have been dropping, there are now less BTC payments than late 2016

Heartstrings

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The fact that Bitcoin payments and holdings aren't covered by insurance is already a risk businesses or even individuals need to consider... I don't blame businesses that try to keep safe..

BrewMaster

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Quote from: sjefdeklerk on January 24, 2018, 09:42:52 AM

Quote from: DustyRah on January 24, 2018, 08:56:46 AM

SHORTY, there may be 10 who started accepting when one has stopped. Overall the adoption is growing, not reducing.

?? Do you have any data to support that claim ? Last time I checked support was DROPPING with 5 of the top 500 online merchants supporting BTC payment in 2016, and only 3 left in 2017.

i don't think those are "bit merchants" they are big "names" and there is a big difference if you ask me.

and for the claims he made you can check their respecting websites to see they are accepting bitcoin payment or not and maybe they give some stats.

the best stats that i have seen so far (since merchants don't really release their shit publicly) is the bitcoin payment processor called BitPay. they release it yearly i believe and last time they claimed "the merchants that are using their system have received $110M+ per month"
https://blog.bitpay.com/bitpay-growth-2017/

sjefdeklerk

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Quote from: camaund on January 24, 2018, 11:53:17 AM

Burger king also accepts BTC as payment

Of course not. Who is going to pay $60 fee for a $6 hamburger? Or wait hours to see if the payment even went through?

mrcash02

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For these companies it's inviable to continue dealing with Bitcoins at this moment, but it doesn't mean they won't start accepting Bitcoins again later when the fees decrease and the transactions become faster. Companies must adjust their systems to the currently situation. Steam said something similar, but they don't exclude the possibility to stat accepting Bitcoin again later, or maybe an AltCoin...

cindygirl

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Quote from: sjefdeklerk on January 24, 2018, 08:31:48 AM

http://www.bbc.com/news/business-42798935

It's inevitable that there will be some who decide bitcoin is not the answer, we currently have really high fees and that makes bitcoin inviable as a competitive payment method. Do not forget, just as soon as they can choose not to accept it they can change their minds and begin to accept it again. These things are all driven by the consumer.

camaund

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Burger king also accepts BTC as payment

sjefdeklerk

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Quote from: buwaytress on January 24, 2018, 10:29:50 AM

And maybe people need reminding that Stripe is just a payment processor, not a merchant. And if you think that payment processors help merchants accept Bitcoin, no they don't. They actually help merchants resist using Bitcoin themselves, and still access customers who use Bitcoin. Bitcoin is supposed to be P2P. Not peer to payment processor to fiat to peer.

And for people who think still this means bad news, remember years ago when Paypal dropped Bitcoin? Did the world end? The more likely story is, Stripe is beginning to believe, like others, that as Bitcoin advances in tech, with LN especially, there's going to be fewer people willing to direct Bitcoin to processors and lose in exchange fees.

Fact of the matter is, support for BTC payment is dropping big time world wide. Also see: https://www.bloomberg.com/news/articles/2017-07-12/bitcoin-acceptance-among-retailers-is-low-and-getting-lower

buwaytress

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And maybe people need reminding that Stripe is just a payment processor, not a merchant. And if you think that payment processors help merchants accept Bitcoin, no they don't. They actually help merchants resist using Bitcoin themselves, and still access customers who use Bitcoin. Bitcoin is supposed to be P2P. Not peer to payment processor to fiat to peer.

And for people who think still this means bad news, remember years ago when Paypal dropped Bitcoin? Did the world end? The more likely story is, Stripe is beginning to believe, like others, that as Bitcoin advances in tech, with LN especially, there's going to be fewer people willing to direct Bitcoin to processors and lose in exchange fees.

teilwalL05

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Quote from: DustyRah on January 24, 2018, 08:56:46 AM

SHORTY, there may be 10 who started accepting when one has stopped. Overall the adoption is growing, not reducing.

How's that SHORT going? Hard work having to spread FUD to keep it going?

Here are a few who do accept Bitcoin:

Subway
Newegg
CheapAir
Expedia
Reddit
Microsoft
Dynu
Bloomberg
Braintree
Rakutan

BTW, the mempool is improving which should improve transaction confirmation times and fees. In fact, if people would just start using Segwit capable wallet they can cut their fees in half and Coinbase is working on implementing Segwit to resolve transaction times/fees.

https://dedi.jochen-hoenicke.de/queue/#30d

I Agree even if one have cancel accepting transaction with bitcoin it will not really make a difference in the price of bitcoin and like what you have said that many companies even at the office right now are accepting bitcoin and the payment for the salary of an unemployed on an office is now at bitcoin currency so I think it can surely accept as a currency.

Carlsen

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Well, they stop accepting bitcoin payments because they see it to be more an asset than a form of payment.
And I do not think they are very wrong with their estimation.
They say as well that they are investigating other crypto currencies as a possible form of online payment.
To me that is the right step to take at the moment.

squidiot438

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Quote from: Coffee135 on January 24, 2018, 09:11:19 AM

All is correctly written in the article. Human greed has turned bitcoin into an asset for accumulation. This is very bad. This situation makes us all vulnerable. If tomorrow all the leading countries and the banks agree to block flow of money from the exchange of bitcoins for Fiat, we will witness the end of bitcoin.

It may, but will never happen since big countries such as Japan totally support the block chain technology... Others are just threatened that their power and funds for development might be taken away.

sjefdeklerk

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Activity: 154

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SODL

Quote from: DustyRah on January 24, 2018, 08:56:46 AM

SHORTY, there may be 10 who started accepting when one has stopped. Overall the adoption is growing, not reducing.

?? Do you have any data to support that claim ? Last time I checked support was DROPPING with 5 of the top 500 online merchants supporting BTC payment in 2016, and only 3 left in 2017.

Coffee135

full member

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All is correctly written in the article. Human greed has turned bitcoin into an asset for accumulation. This is very bad. This situation makes us all vulnerable. If tomorrow all the leading countries and the banks agree to block flow of money from the exchange of bitcoins for Fiat, we will witness the end of bitcoin.

DustyRah

sr. member

Activity: 533

Merit: 251

SHORTY, there may be 10 who started accepting when one has stopped. Overall the adoption is growing, not reducing.

How's that SHORT going? Hard work having to spread FUD to keep it going?

Here are a few who do accept Bitcoin:

Subway
Newegg
CheapAir
Expedia
Reddit
Microsoft
Dynu
Bloomberg
Braintree
Rakutan

BTW, the mempool is improving which should improve transaction confirmation times and fees. In fact, if people would just start using Segwit capable wallet they can cut their fees in half and Coinbase is working on implementing Segwit to resolve transaction times/fees.

https://dedi.jochen-hoenicke.de/queue/#30d

sjefdeklerk

jr. member

Activity: 154

Merit: 8

SODL

http://www.bbc.com/news/business-42798935

Topic: And another one stops accepting bitcoin payment - page 2. (Read 396 times)