Pine64 Drops BitPay Before First Bitcoin Payment Over Twitter ‘Outcry’
Pine64 Drops BitPay Earlier Start Bitcoin Payment Over Twitter 'Outcry'
The latest revolt against the controversial BitPay appears to upshot in open-source competitor BTCPay getting its business.
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Cryptocurrency payment processor BitPay has lost a major customer before it even began accepting any payments after a social media backlash.
In a Twitter debate on May xv, computer manufacturer Pine64 said that it had planned to use BitPay to have cryptocurrency, but would now halt the plans while it searched for an alternative partner.
Pine64: We "no longer intend" to use BitPay
The reason, it said, was an "outcry" among Twitter users over the company'southward decision to employ BitPay.
A subsequent mail service read:
We saw the outcry regarding @BitPay and no longer intend to support it. In the coming weeks and months we'll keep exploring options that will work for united states and volition exist convenient for our community.
Those lobbying Pine64 to rethink using BitPay included several high-contour Bitcoiners including Lightning Torch organizer Hodlonaut.
Nicholas Dorier, founder of open-source payment processor BTCPay, took the opportunity to highlight his production's advantages, something that Pine64 itself subsequently retweeted.
"I strongly advise AGAINST using Bitpay and instead propose that you present your engineers with the selection to use BtcpayServer for free and have complete control over your online commerce," another well-known commentator, Vortex, added.
Bitcoin Cash hits all-time lows
The distaste for BitPay in Bitcoin circles is longstanding. Every bit Cointelegraph reported, the visitor'south lack of compatibility with many wallets and seeming attempts to privilege altcoin Bitcoin Cash (BCH), the fifth-ranked cryptocurrency by market capitalization, over Bitcoin (BTC) has led to frequent social media scuffles.
The company has held firm despite the controversies, which include charging a so-called "network price" for BTC payments, while BCH payments often attract no such fee.
During the spate of wildfires in 2022, BitPay again came in for major criticism subsequently automatically blocking Bitcoin donations to charities.
BCH/BTC chart since inception. Source: CoinMarketCap
Bitcoin Greenbacks meanwhile has seen its fortunes tumble, and currently trades near tape lows against Bitcoin.
Source: https://cointelegraph.com/news/pine64-drops-bitpay-before-first-bitcoin-payment-over-twitter-outcry
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