![Bitcoin [btc] and bitcoin cash [bch] no longer payment options on streaming site twitch |](https://ohiobitcoin.com/storage/2019/03/CVU5PC.png "Bitcoin [btc] and bitcoin cash [bch] no longer payment options on streaming site twitch |")
![Bitcoin [btc] and bitcoin cash [bch] no longer payment options on streaming site twitch |](http://ohiobitcoin.com/storage/2019/03/CVU5PC.png "Bitcoin [btc] and bitcoin cash [bch] no longer payment options on streaming site twitch |")
Twitch, the popular live streaming video platform, quietly removed the option to pay using [] and Cash [BCH] from its platform. This piece of negative flies in the face of a wave of crypto- in several industries.
Initially spotted by a member of ’s Reddit community, the concerned user pointed out that subscriptions could not be paid for via virtual currencies. StreamLabs, a broadcasting software for live stream management, also removed the option to pay with virtual currencies.
According to the Reddit post, the video streaming service was facilitating crypto payments through the payment service, BitPay. The post added,
“They removed it in the last couple of weeks as a payment method for all countries. Negative strikes again unfortunately.”
Given below is an Imgur post detailing a user’s subscription cancellation, after he paid for it using Cash,
Source:
The development was met by a wave of disapproval against Twitch, with some calling for a boycott of the streaming service. While many have speculated about the reasons behind this development, the most realistic seemed to be a lack of awareness about the payment option and its low transaction volume.
Some users called this lack of awareness a “vicious cycle,” where companies introduce a payment option quietly, without notifying the community. As transaction volume drops, the same option is then quietly removed.
In May 2018, Twitch began accepting payments in . Initially, a slew of coins such as , Cash, [ETH] and [LTC] were accepted.
The larger implications of this delisting must be noted. Twitch is a subsidiary of the e-commerce behemoth, Amazon, following the latter’s acquisition of the former in 2014 for around $950 million. As of February 2018, the video streaming service had 2.2 million broadcasters with 15 million unique viewers a day, and 140 million a month.
Other notable websites that removed or suspended the payment option from their respective platforms recently include, Expedia, the travel booking site and Chess.com, the online chess-portal.
’s Reddit community was enraged by Twitch’s quiet listing and delisting of the crypto-payment option. SQLoverride stated,
“With so many social platforms shadow banning and demonetizing, the side of me thinks maybe it was done because it is more difficult to demonetize someone using crypto.”
Many questioned the existence of the crypto-option itself, with anonymustanonymust asking,
“Did the have Cash or (Core) on the website?”
The boycott was advocated by TAPEWlRM,
“Unsubbed and shut down Twitch stream. Bad call guys.”
The post appeared first on .
Published at Mon, 25 Mar 2019 16:42:19 +0000
