CTO blamed “high fees” for the platform no longer accepting payments in an interview May 2, but they may soon return to the platform.
Speaking in an interview with Cheddar, Christopher Slowe said that developers “didn’t have time” to update the API used to accept BTC payments.
Coinbase is in the midst of and replacing them with a new operation titled Coinbase Commerce, a move which has sparked mixed reactions throughout the cryptocurrency industry.
“They’re doing a great job, they’re doing a major revitalization of their payment gateway” Slowe said.
“We just didn’t have time to upgrade our current API integration, and once the redesign… is landing, I think we’ll see crypto payments come back.”
., which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to bitcoin, according to CTO .
— Cheddar (@cheddar)
Reddit bitcoin acceptance at the end of March. At the time, staff pointed to “the upcoming Coinbase change” and “some bugs around the bitcoin payment option that were affecting purchases” as the company’s motivation.
In a curious addition meanwhile, Slowe said that bitcoin network fees were another factor.
Despite fees drifting downwards to in recent months, the CTO gave an example of a $10 fee on a $4 transaction as being a “hard proposition to users.”
Should bitcoin return, however, it will be together with and payments, Slowe added.
Published at Thu, 03 May 2018 09:26:51 +0000
