Bitcoin

PayFast Ending Support For Bitcoin Payments

PayFast, the leading South African online payment gateway has decided to end support for Bitcoin from 20 July 2019. And asked it’s merchants to remove any logos and references to Bitcoin before 20 July 2019. This means that Bitcoin will no longer be displayed as a payment method on PayFast.

Unfortunately there are a number of limitations and design flaws unique to Bitcoin that make it an impractical substitute for cash, including high transaction fees and long confirmation times for buyers. We’ve tried various ways to mitigate these problems, but unfortunately, these issues are fundamental. The resultant poor user experience has led us to re-evaluate Bitcoin as a payment method on our platform and a decision has been taken to discontinue support for Bitcoin from midnight 20 July 2019

Quoted from Payfast announcement

Payfast is still keeping up with crypto and future developments. Hopefully they will jump on some other one sometime soon. We shall see.

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

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