Jan 25 2018
Stripe, the San Francisco, California-based company that helps thousands of businesses do financial transactions online, will soon stop accepting bitcoin payments.
"By the time the transaction is confirmed, fluctuations in bitcoin price mean that it's for the "wrong" amount", he said.
"For a regular Bitcoin transaction, a fee of tens of US dollars is common, making Bitcoin transactions about as expensive as bank wires", explained Karlo. Combined, he said that all these issues had led bitcoin users to view the virtual currency as an "asset" to be traded, rather than something to make payments with. "The fact that Stripe, the first major payments company that supported Bitcoin, is now scrapping such support is an interesting case in point". Maybe in Zimbabwe not so much considering that our use for Bitcoin is quite different from the rest of the world (store of value, remittances, global payments etc.). It allowed residents from more than 60 different countries to pay merchants on Stripe's network using bitcoin. Stripe's Bitcoin abandonment follows a similar move from Visa, in which the credit card giant froze the accounts of pre-paid Bitcoin debit card providers.
Stripe said it will still remain open about Bitcoin: we will still keen monitoring what's happening.
Big Surprises From This Year's Oscar Nominations
This year's Academy Awards ceremony , the 90th year that the awards have been presented, will be broadcast on ABC on March 4. Summit native Meryl Streep continues to break her own record - this is her 21 nomination - and she's in good company here.
India drop hints at Rahane return in 3rd Test
In tough conditions like this where there isn't much between the two teams, you can not afford to give away wickets like that. MS Dhoni said, "If you can take 20 wickets then you can win the test irrespective of where you play, at home or outside".
Toronto man charged in deaths of two lacking males
Others have taken to social media to speculate on how McArthur may be connected to the disappearances of other men in the area. A homicide detective said yesterday new evidence surfaced this week that gave them a "definitive link", but did not say more.
Stripe said in a blog post that one of the main reasons it is pulling back is because "Bitcoin has evolved to become better-suited to being an asset than being a means of exchange".
Bitcoin transaction fees had also risen "a great deal" resulting in a decrease in demand from Stripe's customers to accept Bitcoin payments, he said. Gaming platform Steam announced previous year that they would stop taking payments in Bitcoin due to the high transaction fees involved.
"I wouldn't be surprised to see other payment vendors in the space determine it's not cost effective or provide enough utility at the moment to warrant supporting it", he continued.
Jan 22 2018
McDonald to succeed Adams as Sinn Fein leader
The change represents a major shift for Sinn Fein , so closely associated with Adams' leadership, which started in November 1983. Mr Adams had earlier said that a united Ireland was not a pipe dream, adding: It is very achievable - we can do it.
Jan 21 2018
Lithuania's cultmin off to World Economic Forum in Davos
Wanted me to cut ribbon-NO! In fact the plan was first reported in October 2008 , when George W Bush was still president. A visit was expected to attract mass protests.
Jan 20 2018
Steelers Name Randy Fichtner As New Offensive Coordinator
The Pittsburgh Steelers have announced that Randy Fichtner will be the team's offensive coordinator and quarterback coach in 2018. Pittsburgh is coming off a 2017-18 campaign in which the AFC North franchise ranked third in the league in total offense.
Jan 20 2018
Olympic Diplomacy on the Korean Peninsula
The US officials said the sanctions were meant to deny any revenue to North Korea for developing its nuclear arms. NORTH Korea has cancelled plans to send Kim Jong-un's ex lover to the South for diplomatic talks.
Jan 19 2018
Colts take Bradley Chubb in Mel Kiper mock draft 1.0
ESPN draft expert Mel Kiper Jr. said Thursday he and fellow draftnik Todd McShay were discussing the Salmon River High grad. The next Alabama player taken in the mock draft is defensive tackle Da'Ron Payne, 17th overall by the San Diego Chargers.
Jan 19 2018
Croatian-American Bernarda Pera Shocks World No.10 at Australian Open
However, on a steaming-hot morning with temperatures well into the nineties it became clear early on that she can properly play. Only then, when serving for the match, did Pera's nerves kick in and Konta broke back to level the set at 5-5.
Jan 19 2018
NASA Has Declared 2017 To Be The Second Warmest Year On Record
NOAA, NASA, and Berkeley Earth track temperatures at the surface of the Earth, over both land and oceans. Globally averaged temperatures past year were 1.62 degrees warmed than the average from 1951 to 1980.
Jan 19 2018
Motorola expands retail footprint, announces 50 Moto Hubs in Delhi
The company is also rumoured to be in plans to launch a third Moto Z3 handset with a Qualcomm Snapdragon 845 processor. It is expected to come in RAM options like 3 GB, 4 GB and 6 GB and internal storage choices like 32 GB and 64 GB.
Jan 18 2018
Israel judge orders Ahed Tamimi to remain in custody until trial ends
Nour Tamimi (2L) and her aunt Nariman Tamimi (2R) attend a hearing at the Ofer military court in the West Bank on January 1, 2018. The judge's decision signaled acceptance of the IDF Prosecution's arguments.
Jan 18 2018
United Kingdom inflation rate drops in December
Bloomberg Economics sees modest labour market weakness keeping rates on hold in 2018, but the next move will be a hike. Output of "infrastructure or construction goods" increased by 13.5 per cent and that of capital goods by 9.4 per cent.
Jan 24 2018Range Rover SV Coupe: Land Rover tease a two-door Range Rover
Jan 24 2018Alumni from two local universities nominated for Oscars
Jan 23 2018Things We Learned From Tottenham Draw at St Marys
Jan 23 2018Afghan forces end Kabul hotel siege
Jan 22 2018You might want to disable Instagram's Activity Status feature
Jan 21 2018Trump forced to shut down federal government
Jan 20 2018Supreme Court to consider challenge to Trump's latest travel ban
Jan 19 2018Apple Looking Into Making Smaller iPhone 'Notch' Area
Jan 19 2018Nintendo Dominated December With Big Switch and 3DS Sales According to NPD
Jan 18 2018Firefighter catches child while battling house fire
Jan 24 2018Blast reported near Save the Children aid group office in Afghanistan
Jan 24 2018Last-ditch effort to end tussle fails, Karni Sena refuses to budge
Jan 23 2018Ruth Bader Ginsburg shares #MeToo moment about Cornell instructor
Jan 23 2018Microsoft announces $189 classroom laptops and Office 365 dictation
Jan 23 2018Stay connected to The T&D after Facebook change
Jan 22 2018NYC Among 20 Finalist Cities For Amazon's Second Headquarters
Jan 21 2018Clinical Kerber defeats Sharapova at Open
Jan 20 2018Facebook to Have Users Decide What Is 'High Quality' News
Jan 20 2018Sushi lover pulled 5-foot tapeworm from stomach
Jan 20 2018Bitcoin Carnage: Bitcoin falls below $10000
Jan 19 2018Buses for Apple employees 'attacked' with pellet guns, company suspects
Jan 19 2018Belgium pledges $23m to UNRWA after United States aid cut