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Twitch Stops Options For Cryptocurrency Payments

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Twitch.tv, a live streaming video platform popular to gamers, has stopped cryptocurrency payments and donations without notice. The move reportedly is due to low volume of transaction.

The platform, which had over 15 million daily active users as of May 2018, used to accept Bitcoin, Bitcoin Cash, Ethereum, and Litecoin as a payment method for subscriptions. However, the options are removed now, thta was first spotted by Reddit users.

A Reddit user said in a post, "They had an option to pay through Bitpay. They removed it in the last couple of weeks as a payment method for all countries. Negative adoption strikes again unfortunately."

As per reports, the weak transaction volume was because most users didn't even know that the options were available.

The video platform, which was launched in 2011, is owned by Twitch Interactive, a subsidiary of Amazon. The platform started accepting Bitcoin for payments in 2014. In mid -2018, Twitch streaming app Streamlabs started allowing users to tip streamers using cryptocurrency.

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