fetlife.com (big BDSM community) announces that their merchant accounts are down now. Coinbase dropped them one year ago…

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One of the reasons to use bitcoin (for me) is the freedom to get/give money to or from everybody without restrictions/regulations.

Now, I stumbled upon this: The person who runs FetLife (a big international BDSM community platform) announced, that they got a notice that one of their merchant accounts was shutting them down.

First thougt? Why you not using bitcoin!

FetLife answers that:

Why haven't you embraced Bitcoin to get away from the restrictions > of the banks / credit card companies? – @Eibon

We used to accept bitcoins through Coinbase. They dropped us a year ago because we are a kinky site. No joke.

If a Bitcoin site wants to accept credit cards, then they have to adhere to rules set forth by the credit card companies.

Yes, there are other options, and we are going to look into them, but options like Bitcoin are a nice to have and not currently a viable replacement for being able to accept credit and debit cards on FetLife, no matter how much one might want to believe otherwise.

When we offered Bitcoin as an option, it was responsible for less than 0.1{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} of our daily transactions.

First point: coinbase dropped them "because they are KINKY" Second: Only 0,1{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} of their transactions where bitcoin

submitted by /u/roymerrit
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $31443.91 USD  (via Coinbase)
1 ETH = $1161.30 USD  (via Coinbase)
1 LTC = $135.82 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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