Bitcoin Forum

The USA based payment platform says it will no longer accept bitcoin transaction as as of 23rd April sighting volatility of the market and slow transaction process of BTC as the major reasons.
This comes at a time when BTC is gaining value in the market. Could BTC's transaction time be a threat to its own development? what can be done to improve the time it takes for transactions to be complete.

you can have a look here

https://themarketmogul.com/bitcoin-transactions/

The truth is payment processors and networks are threatened by Bitcoin and cryptocurrencies in general because the superior technology they provide to traditional payment systems poses an existential threat to the legacy financial system. They have been trying to kill Bitcoin and have tried various tactics in the book. The latest attempt to limit access to crypto but stopping payments on credit cards and payment processors will just end up being another failed attempt to kill crypto. It might cause some short-term downward price action, but Bitcoin has weathered all such storms in the past and keeps advancing.

This can prove that bitcoin can really affect the world economy, and this policy can only temporarily affect bitcoin. The price of bitcoin may decline in the short term, but it will still go up. Bitcoin has been sent to influence the mainstream economy.

For now, the bitcoin trading is slow and confirm that time too long is indeed a problem, however, thunder network deployment is gradually change the present situation, the bitcoin will become a truly international currency.

The only problem with bitcoin is expensive fee now and too slow to see the payment to your balance i think if bitcoin developers could not find another way to impove bitcoin transaction and fee later bitcoin will surely lost us.

No, i do not think so.
This news was posted on January 2018 when the time prices of  crashed from all time high of almost $20,000 to $11,000.  If you are a business and you accepted bitcoin for payment at $20,000 then after a few days it went down to $11,000 then you lost $8,000 right away.  I understand that it could go the other way around but if you own that business are you willing to take that risk.

We know how volatile bitcoin is and sad but this is one of the major reason why as of now businesses are thinking twice to accept bitcoin.

Not all are trying to kill bitcoin.

Companies certainly want to accept Bitcoin, because it will reduce their costs, and do not need to pay taxes for a lot of expenses, but the most important thing is that the government will not allow them unless they have introduced a policy to restrict Bitcoin.

it had nothing to do with price and the volatility of it. the reason was purely because of the ridiculously high fees. and unfortunately that forced some other big ones like Steam to also stop accepting bitcoin payments.

what you explained here is true only if they were directly accepting bitcoin payment but that was not true. they were going through BitPay and when you do that, you have the option to receive the fiat equivalent despite the user paying in bitcoin, so they don't lose anything even if price falls from $20k to $1 in a day.

Many different issues about cryptocurrency business, not once but multiple issues had already involves on cryptocurrency business, sometimes there are fake news being made by different personalities. But most of all, we thanks those people who strongly monitored and concerned on some negative issues about cryptocurrency business. Those people posting different news about cryptocurrency business are only concerned on what is the real future of crypto business. Hopefully the cryptocurrency management would continue their power of controlling and solving negative issues about cryptocurrency business, because in this particular news, it will cause negative impact on cryptocurrency business towards moral quality and their price value.

Problem is that right now we aren't having the tx fee / time problem anynmore, transcations are going through VERY VERY quick and with some of the lowest fees that i've ever seen, So I don't understand the shifts in company opinon now -- when they're wrong about the information they're stating. Plus who cares about that anyway, if they're just being the middleman it really shouldn't change anything for them anyway.

Weird, maybe their controlling banks pressured this one way or another?