Bitcoin conference stops accepting Bitcoin over processing costs

Major cryptocurrency conference no longer accepting Bitcoin payments

He noted that as the financial mainstream takes digital currency more seriously, a rules-based system is likely, at least for bitcoin trading. (EXPE) in allowing users to pay in bitcoin, he wrote, noting that the currency will only succeed as a form of money if it is capable of facilitating transactions at a low cost or can provide better risk-adjusted returns for portfolios.

In fact, it has gotten so bad that even a major bitcoin conference has stopped accepting bitcoin payments for tickets altogether.

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.

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Levin also mentioned that his team is finding a way to integrate other cryptocurrencies with low fees like Bitcoin Cash into the system, but as ticket booking platforms like Eventbrite do not accept cryptocurrencies yet, it will be hard to do so.

It adds: "We have, and always will, accept cryptocurrencies for our conferences, up to fourteen days before the event. However, due to the manual inputting of data in our ticketing platforms when paid in cryptocurrencies, we made a decision to shut down bitcoin payments for last minute sales due to print deadlines", it continues. Despite its sell-off into the new year, bitcoin is still up almost 1,600% over the past 12 months as it drops below the $14,000 mark. The Ethereum blockchain went from handling about 5,000 transactions per day at the start of the year to more than one million per day by December of last year. The price fluctuates, but it's gone up in recent months, reaching an. And Microsoft temporarily suspended payments on its online store because it is "unstable" earlier in January, though it restored the option this week.

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