Twitch drops crypto payment support
The streaming platform quietly removes crypto as a tipping option
Last year, popular streaming platform Twitch struck a deal with BitPay to allow users to tip their favorite content providers in Bitcoin (BTC) and Bitcoin Cash (BCH). BitPay has similar deals with companies across the globe and the move was seen as a significant step toward greater cryptocurrency adoption, given Twitch’s large global reach. However, without any official announcement, the platform has removed the crypto option and the change isn’t sitting well with most users.
Twitch couldn’t even be bothered to inform its users and content providers of the change – it was announced by a user on Reddit. The poster stated, “They had an option to pay through Bitpay. They removed it in the last couple of weeks as a payment method for all countries. Negative adoption strikes again unfortunately.”
The thread has several comments, mostly of people threatening to cancel their accounts and trying to get others to do the same. How impactful their efforts will be isn’t clear, but Twitch will certainly survive. It has over 140 million unique views each month and more than 400 billion minutes of content were viewed last year.
No data has been released regarding how many tips were transacted in crypto on the site; however, the only logical reason Twitch might remove the option is if it wasn’t garnering enough support. Most content providers will definitely be disappointed, as they won’t be able to mimic the success seen by “Sick Nerd” a couple of months ago. He received over $70,000 worth of BTC in one tip.