The crypto community on the streaming platform is currently in arms as their options to pay in bitcoin () and bitcoin cash () has seemingly disappeared. This was first brought to light after a Reddit user it on March 23, 2019.
Here Today Gone Tomorrow
There is always a celebration in the crypto community when a mainstream business begins accepting crypto as a form of payment. This was the case when Swiss e-commerce giant Digitec-Galaxus that they would begin receiving crypto.
What is much less exciting is when a major business that had begun taking crypto and reverses their decision.
That appears to be the case with Twitch as several users have reported that the option to pay in bitcoin and bitcoin cash has been quietly removed from the site without any formal announcement. The change was first on March 23, 2019, by a Reddit user.
Take-Backs
In March 2018, it was first that the Brave browser would allow people to give tips to top streamers on Twitch in cryptocurrency. Even before that, the company had been accepting crypto as a form of payment using as far back as 2016.
The Reddit post now points out that the option to pay for services in bitcoin and bitcoin cash had previously existed and used as a payment processor but now cannot be found. This isn’t limited to a single region as users from all countries and regions complained about having the same issue.
While there might have been hopes that this would be limited to the Twitch platform, it was on March 20, 2019, that had also removed their option for cryptocurrencies. Streamlabs is a software used by Twitch streamers to receive tips. While there has been no official word form Twitch, it would seem this move is deliberate and permanent.
While this is disappointing news for the crypto community, it is important to examine why this change might have taken place.
One possible issue is the volatility of the market and the fact that the value of the tokens change from day to day and thus, keeping up might have been a challenge for the company. Others on Reddit have speculated that feature was rarely being used and thus “the complexity [of cryptocurrencies] became a burden.”
Published at Mon, 25 Mar 2019 19:00:11 +0000
