Twitch Re-adds Bitcoin Payments | Bitcointalksearch.org

jhenfelipe

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Quote from: NorrisK on August 24, 2016, 03:03:44 AM

~Snipped~
A bitcoin logo that redirects to coinbase would be much better in terms of promotion.

Quote from: yayayo on August 24, 2016, 04:53:17 AM

~Snipped~
While it's nice to see Twitch re-adding a possibility for paying with Bitcoin it's less positive that they are using Coinbase. There has been a significant number of user complaints regarding Coinbase, leaving the impression that it acts similar to Paypal.

Quote from: TastyChillySauce00 on August 24, 2016, 07:04:23 AM

~Snipped~
your statement that i bold,definitely right,even they're using coinbase API for payment gateway,it's definitely not right to use coinbase's logo too,people who uses bitcoin but doesn't even know what is coinbase could potentially don't recognize that bitcoin is already accepted there

Quote from: eternalgloom on August 24, 2016, 07:07:31 AM

That's what I was thinking too, though it's better than not accepting Bitcoin payments at all.
But I am dissapointed that they're using Coinbase's name in the payment logo instead of just using Bitcoin itself.

Quote from: Jeremycoin on August 24, 2016, 07:28:41 AM

But I wondering if we as the watcher subscribe or tip the streamers, will they accept the money as Bitcoin or as USD or any other currency?
If turns out that the streamers will accept the money as USD, is there any option that they can accept it just as a Bitcoin?

Quote from: traderethereum on August 24, 2016, 07:53:57 AM

why they use coinbase rather than use wallet address? i hope next time, they will add personal wallet address for payment too so we have another option to pay with bitcoin.

Hello there, I think coin_detective is right. I checked the site and I confirmed that Twitch already added Bitcoin as payment directly, hmm it seems that it's Xsolla (USA) Inc. via bitpay? Well, good for the subscribers and for bitcoin as well, it can gain popularity on twitch users. You can see it yourself on the site or just take a look with the screenshot below.

traderethereum

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why they use coinbase rather than use wallet address? i hope next time, they will add personal wallet address for payment too so we have another option to pay with bitcoin.

Jeremycoin

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𝓗𝓞𝓓𝓛

But I wondering if we as the watcher subscribe or tip the streamers, will they accept the money as Bitcoin or as USD or any other currency?
If turns out that the streamers will accept the money as USD, is there any option that they can accept it just as a Bitcoin?

BTCLovingDude

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Quote from: pinkflower on August 24, 2016, 03:42:55 AM

I wonder how this would look for sites or maybe the gambling sites now that Twitch finally is using BTC again thru Coinbase. Would this encourage them to follow the move?

But all in all the news is quite encouraging.

twitch is just a streaming site and something like youtube and has nothing to do with games or gambling. and they are not really receiving bitcoin either, you pay with bitcoin but they receive the fiat value of it after the conversion.

eternalgloom

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Quote from: yayayo on August 24, 2016, 04:53:17 AM

While it's nice to see Twitch re-adding a possibility for paying with Bitcoin it's less positive that they are using Coinbase. There has been a significant number of user complaints regarding Coinbase, leaving the impression that it acts similar to Paypal.

In general it is disappointing to see so many companies using third parties (payment providers) to accept Bitcoin. Even disregarding the privacy issues that come with using US payment providers it is also detrimental for Bitcoin's success as a independent currency, because complexity, time lags and transaction costs are added to the transactions. After all, Bitcoin was invented to make owning and managing money independent of third parties (government, banks) easier. Given the simplicity of accepting Bitcoin without the help of third parties it is not understandable why the majority of companies acts this way.

ya.ya.yo!

That's what I was thinking too, though it's better than not accepting Bitcoin payments at all.
But I am dissapointed that they're using Coinbase's name in the payment logo instead of just using Bitcoin itself.

TastyChillySauce00

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Quote from: NorrisK on August 24, 2016, 03:03:44 AM

Nice nonetheless, although I'm a bit afraid that it doesn't really stand out among all the other options. A bitcoin logo that redirects to coinbase would be much better in terms of promotion.

your statement that i bold,definitely right,even they're using coinbase API for payment gateway,it's definitely not right to use coinbase's logo too,people who uses bitcoin but doesn't even know what is coinbase could potentially don't recognize that bitcoin is already accepted there

lumeire

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Quote from: OmegaStarScream on August 24, 2016, 01:58:01 AM

Quote from: cjmoles on August 23, 2016, 05:44:25 PM

So, they're not really dealing with bitcoin directly but indirectly thru coinbase? I can't fund a twitch account directly thru my bitcoin wallet but have to setup a coinbase account instead?

As far as I know , no you shouldn't.
They are using Coinbase , just like Steam use Bitpay , they are basically using their API and letting them manage the transactions etc ... Coinbase probably allow them to transfer the received bitcoins into cash directly into their bank accounts. (I'm not sure though)

I know you can fund it directly, converted to USD at the time of deposit. I'll have a look at it this weekend.

Well it's not so much of a big news, but we need every help we can for adoption so it's good.

mobnepal

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Quote from: Rub3n on August 23, 2016, 02:12:00 PM

Nice to see this is back. The gaming community fits well with BTC obviously.

Yes actually gaming platform suits bitcoin which is quite proved by steam started accepting bitcoin and they got lots of bitcoin users intrested to play in their platform. Not only gaming i see bitcoin has lot more potential for gambling, casino and adult industry where anonymity and high security is needed.

coin_detective

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Seems like this topic hasn't been updated yet, twitch has added support for Bitcoin without the need of coinbase.

yayayo

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While it's nice to see Twitch re-adding a possibility for paying with Bitcoin it's less positive that they are using Coinbase. There has been a significant number of user complaints regarding Coinbase, leaving the impression that it acts similar to Paypal.

In general it is disappointing to see so many companies using third parties (payment providers) to accept Bitcoin. Even disregarding the privacy issues that come with using US payment providers it is also detrimental for Bitcoin's success as a independent currency, because complexity, time lags and transaction costs are added to the transactions. After all, Bitcoin was invented to make owning and managing money independent of third parties (government, banks) easier. Given the simplicity of accepting Bitcoin without the help of third parties it is not understandable why the majority of companies acts this way.

ya.ya.yo!

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Quote from: pinkflower on August 24, 2016, 03:42:55 AM

I wonder how this would look for sites or maybe the gambling sites now that Twitch finally is using BTC again thru Coinbase. Would this encourage them to follow the move?

But all in all the news is quite encouraging.

Gambling sites or platforms who offer Bitcoin for depositing and withdrawing will never use Coinbase!!
Coinbase is US regulated and gambling is not allowed so far.They will close your accounts immediately!
There are big gambling sites outside of cryptoland, like Bovada for instance, accepting Bitcoin.Also for withdrawels!

https://www.youtube.com/watch?v=1jDPjALlPrs

I'm sure others will follow in the future.
And for sure the gambling sites, mostly known in cryptospace, like Betcoin.ag and others will grow in popularity as well.
It's just a question of time and patience.

pinkflower

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I wonder how this would look for sites or maybe the gambling sites now that Twitch finally is using BTC again thru Coinbase. Would this encourage them to follow the move?

But all in all the news is quite encouraging.

Pursuer

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Quote from: NorrisK on August 24, 2016, 03:03:44 AM

Quote from: Herbert2020 on August 24, 2016, 01:41:33 AM

correct me if i am wrong but i always though twitch was a free streaming site where i went to see live Dota2 streams and the only thing that was available was tipping platform the same bots as on reddit for bitcoin and other altcoins.

but what are these payments for?

The idea is indeed that you can tip the gamers if they have a nice stream or if they do something that you ask for.

I'm not very familiar with twitch as I never made an account, but I often see some streams over there and see tips raining in with values of multiple dollars. My guess is then than it is just a new method to fund your account for tipping purposes.

Nice nonetheless, although I'm a bit afraid that it doesn't really stand out among all the other options. A bitcoin logo that redirects to coinbase would be much better in terms of promotion.

the only feature on twitch that I have seen which requires money apart from the tipping platforms is the Subscribe feature which is like 4-5 USD which doesn't even offer that much features to be honest.

these are the benefits according to the site:
Benefits include:
Directly Support the Broadcaster
Ad-Free*
Subscriber Badge:
8 Subscriber Emoticons
Chat During Subscriber-Only Mode
Not Affected By Chat Slow Mode
*With limited exceptions.

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Quote from: Herbert2020 on August 24, 2016, 01:41:33 AM

correct me if i am wrong but i always though twitch was a free streaming site where i went to see live Dota2 streams and the only thing that was available was tipping platform the same bots as on reddit for bitcoin and other altcoins.

but what are these payments for?

The idea is indeed that you can tip the gamers if they have a nice stream or if they do something that you ask for.

I'm not very familiar with twitch as I never made an account, but I often see some streams over there and see tips raining in with values of multiple dollars. My guess is then than it is just a new method to fund your account for tipping purposes.

Nice nonetheless, although I'm a bit afraid that it doesn't really stand out among all the other options. A bitcoin logo that redirects to coinbase would be much better in terms of promotion.

OmegaStarScream

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Quote from: cjmoles on August 23, 2016, 05:44:25 PM

So, they're not really dealing with bitcoin directly but indirectly thru coinbase? I can't fund a twitch account directly thru my bitcoin wallet but have to setup a coinbase account instead?

As far as I know , no you shouldn't.
They are using Coinbase , just like Steam use Bitpay , they are basically using their API and letting them manage the transactions etc ... Coinbase probably allow them to transfer the received bitcoins into cash directly into their bank accounts. (I'm not sure though)

Herbert2020

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correct me if i am wrong but i always though twitch was a free streaming site where i went to see live Dota2 streams and the only thing that was available was tipping platform the same bots as on reddit for bitcoin and other altcoins.

but what are these payments for?

jhenfelipe

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Quote from: Rubberduckie on August 23, 2016, 07:07:34 PM

Quote from: OmegaStarScream on August 23, 2016, 01:52:52 PM

Quote from: The Sceptical Chymist on August 23, 2016, 01:50:22 PM

I don't even know what twitch is (I'll google in a sec), but this is cool. Looks like they accept everything else, so why not?

Have a lot of the other companies that were first to accept bitcoin stopped taking it? Like Dell and overstock? I confess I never spend bitcoin, but I totally support people who do.

It's a company owned by Amazon.com (no , Amazon will probably never accept Bitcoin as payment method since It's not the same thing) , Twitch is a website for gamers to stream , It's pretty much like YouTube but It's live streaming for gamers only.

Oh wow I never knew Amazon owned twitch! I use Amazon and
twitch all the time and never noticed any cross platform advertising or
anything that links them. (maybe that's by design because Amazon kinda
kills the cool factor twitch is going for)

I do think amazon will take bitcoin at some point though. They have been pretty
progressive in the past.

Twitch have several options to choose from when you want to avail a subscription and what good is that despite that, they still added Bitcoin back as one of it. It is really a good site, I used to watch playthroughs of video games there before. @Rubberduckie I can relate about being unaware that Twitch is a subsidiary of Amazon.com Inc, thanks @OmegaStarScream, now I know.

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Quote from: OmegaStarScream on August 23, 2016, 01:52:52 PM

Quote from: The Sceptical Chymist on August 23, 2016, 01:50:22 PM

I don't even know what twitch is (I'll google in a sec), but this is cool. Looks like they accept everything else, so why not?

Have a lot of the other companies that were first to accept bitcoin stopped taking it? Like Dell and overstock? I confess I never spend bitcoin, but I totally support people who do.

It's a company owned by Amazon.com (no , Amazon will probably never accept Bitcoin as payment method since It's not the same thing) , Twitch is a website for gamers to stream , It's pretty much like YouTube but It's live streaming for gamers only.

Oh wow I never knew Amazon owned twitch! I use Amazon and
twitch all the time and never noticed any cross platform advertising or
anything that links them. (maybe that's by design because Amazon kinda
kills the cool factor twitch is going for)

I do think amazon will take bitcoin at some point though. They have been pretty
progressive in the past.

Tacalt

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This is great news. The gaming world is finally started to show solid adoption for Bitcoin and this can be seen by this move by Twitch, Steam adding Bitcoin as a form of payment and amazing game based projects like Spells of Genesis (BCY) and Jewels (JWL). The future is now!

cjmoles

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So, they're not really dealing with bitcoin directly but indirectly thru coinbase? I can't fund a twitch account directly thru my bitcoin wallet but have to setup a coinbase account instead?

Topic: Twitch Re-adds Bitcoin Payments (Read 1157 times)