Copy link
Increase text size
Decrease text size
Link copied

Twitch re-activates cryptocurrency payments: Report


Fri, 28 Jun 2019, 06:32 am UTC

Twitch, the online streaming service owned by Amazon that is particularly popular for gamers, previously took away the ability to support streamers via bitcoin. Now, there are reports that the platform was bringing it back.

There has been no official confirmation as to whether or not Twitch was actually providing viewers with the ability to pay using cryptocurrency. When the service was removed, it was reported to have been due to tax issues.

Twitch disabled crypto payments in March this year by removing BitPay as a payment method, Cointelegraph reports. BitPay has reportedly been enabled again as a payment processor on the platform.

Bitcoin and bitcoin cash being brought back as a means of supporting streamers is something that many viewers have been asking for. Recently, users noticed that this might be the case, CCN reports.

If the streaming service does end up bringing the payment option back, it’s possible that viewers might be able to pay with more than just those two coins.

This new development could also have something to do with renewed interests in bitcoin itself. The cryptocurrency has been seeing a resurgence in trading heat. It even recently broke through the $13,000 barrier before immediately going back down.

With more browsers, online tech entities, and even banks becoming interested in offering crypto payment, trading, and storage options, transactions using bitcoin is increasingly becoming the norm. Governments are also beginning to rollout sensible regulations that will provide cryptocurrency with more structure and allow for the wider adoption of the coins. With this being the case, it would be no surprise that Twitch would bring back its crypto payment option.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,073.45 (-0.49%)
  • Ethereum (ETH) $141.35 (-0.42%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $205.83 (-0.40%)
  • Litecoin (LTC) $43.16 (-1.55%)
  • Bitcoin (BTC) $7,073.45 (-0.49%)
Dec 14, 2019 (Saturday)
Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
Terra launches stablecoin-powered payments service in Mongolia
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
Twitter looks to blockchain to decentralize social media
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
ING bank developing custody project for digital assets: Report
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
Franklin Templeton leads blockchain-based social impact platform’s funding round
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.