Twitch Silently Removes Crypto Payment Options
It appears that popular streaming platform Twitch has removed cryptocurrency payments from its platform.
On March 23, Reddit users noted that Twitch has taken Bitcoin (BTC) and Bitcoin Cash (BCH) off as payment subscriptions, which was made feasible through BitPay, though Twitch has done this through Coinbase in the past.
Other services have also removed crypto payments in recent times, such as Expedia.
Not surprisingly, users have taken affront at the silent decision by the website to take down the payment option. Some have gone so for as to close their Twitch subscriptions.
However, it also appears that some users were completely unaware of crypto as a payment option, and this lack of awareness may have led to it being underused, which could have been the motivation for it being taken off.
Perhaps the fundamentals of crypto payments, such as better transaction processing, needs to be improved before mass adoption by established entities take place. With Bitcoin’s Lightning Network doing just this, the status quo might change soon.
Twitch is owned by Amazon, which itself has been working more intensely on blockchain initiatives. The company runs Amazon Managed Blockchain services on its AWS cloud platform.
Whether Amazon will begin accepting crypto payments on its ecommerce platform remains to be seen. If such a big entity does do so, one can surely expect a lot of positive response from the validation of such a big company.
Morgan Creek’s Anthony Pompliano has said that such developments will boost adoption, stating that “Facebook will build the most use product in crypto”, while Binance’s Changpeng Zhao has also said that Amazon will trigger the next bull market.