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Live Streaming Video Platform Twitch Removes Cryptocurrency Payment Options

BFSI News

Live_Streaming-Video-Platform-Twitch-Removes-Cryptocurrency-Payment-Options Live Streaming Video Platform Twitch Removes Cryptocurrency Payment OptionsTwitch, the Amazon-owned live streaming video platform has removed Bitcoin (BTC) and Bitcoin Cash (BCH) as payment options for subscriptions, according to a Reddit user. Twitch has reportedly offered an option to pay with Bitcoin and Bitcoin Cash using Bitpay as a payment processor. However, for the last couple of weeks, it has removed as a payment method for all countries. A report further noted that a user canceled all of their Twitch subscriptions and sent an assistance ticket to the company.

Last week, it was reported that where a Reddit user claimed that Streamlabs, a well-known streaming software extensively utilized by Twitch users to receive tips, also removed Cryptocurrency support. The user also reported that a new version of the software that has been recently introduced no longer contains support for Crypto donations. However, the live streaming service platform didn’t comment on this move so far. This is not the first time, where a company removed Cryptocurrency support from its platform. Last summer, major travel booking website Expedia.com reportedly confirmed that it had stopped accepting Bitcoin as a payment method for hotels or flights. Back in August 2016, it was reported that Twitch previously offered Bitcoin as a payment option using Coinbase as a payment processing gateway.

Moreover, in September last year, the company’s former executive, Matthew DiPietro, joined Crypto startup Kin Ecosystem Foundation as its CMO (Chief Marketing Officer). Introduced in June 2011, Twitch is owned by Twitch Interactive, a subsidiary of Amazon. In October 2013, the website touched to 45 million unique viewers, and just a year later, Twitch was considered the fourth largest source of peak Internet traffic in the United States.