Internet payment processor Stripe is shutting down its bitcoin compatibility after supporting the cryptocurrency for nearly four years. A post on the company’s blog told the story on Tuesday. Founded in September 2011, Stripe won hearts and minds in the tech scene when it introduced bitcoin payments in March 2014. The company was already a leading platform for moving conventional money over the internet, but now it would be among the earliest of its ilk to implement cryptocurrency as the monetary techno-wonder it purported to be. At the time, company leadership just glowed about bitcoin. They loved that it operated reliably around the world and moved money between places where…
Someone put these useless bitcoin tokens in a cash register with fiat money. (Photo: Kevin Sanders for Modern Consensus)