Bitcoin Forum

BitCart, the online cryptocurrency discount gift card platform has announced an unprecedented move. The platform known to allow users to buy and sell gift cards for cryptocurrency was until now supporting both Bitcoin and DASH. However, in a recent announcement, the Irish company has divulged its decision to do away with Bitcoin payment option.

BitCart, in its latest press release, states that the company’s decision to end support for Bitcoin payments is influenced by extremely slow transaction confirmation and settlement speeds. As Bitcoin network continues to struggle with scalability issues, the number of unconfirmed transactions in the mempool continue to increase. In such a scenario, BitCart is finding it increasingly impossible to provide 24-hour turnaround to its customers as promised.

The discount gift card platform partnered with DASH in April 2017 and since then, the number of BitCart customers opting DASH payment over Bitcoin have increased. In the release, the company states that some of its customers have made upwards of five orders for gift cards a day, all with DASH. Increasing DASH adoption among BitCart customers combined with the cryptocurrency’s increasing value has made the company prefer DASH over Bitcoin.

BitCart currently allows users to order Amazon gift cards with cryptocurrency. Soon, the platform intends to introduce Hotels.com gift cards as well, offering more options for the cryptocurrency community to spend their digital currency.