11 Jan '18, 12pm

Bitcoin conference stops accepting Bitcoin over processing costs

A conference dedicated to Bitcoin has stopped accepting the cryptocurrency in payment for tickets because of difficulties in processing payments. The cost of processing Bitcoin payments has been its main drawback as a medium of exchange, especially compared to the transaction speeds and costs of cash (free and instant) and credit cards (often also free and practically instant). These issues have prompted the organisers of the North American Bitcoin Conference to be held in Miami next week to announce they would no longer be exchanging tickets for any cryptocurrency. The conference announced that "due to network congestion and manual processing, we have closed ticket payments using cryptocurrencies" just a week before the conference opened. "We have, and always will, accept cryptocurrencies for our conferences, up to fourteen days before the event," the organisers said. "Ho...

Full article: https://news.sky.com/story/bitcoin-conference-stops-accep...

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Bitcoin conference stops accepting bitcoin for tickets, oh the irony

Bitcoin conference stops accepting bitcoin for ...

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A bitcoin conference has stopped taking bitcoin payments because they don't work well enough

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