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.
Paris, France – French police arrested several suspects this week tied to disturbing May… Read More
PayPal just announced big plans for its stablecoin. The company wants to bring PayPal USD… Read More
Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More
LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More
The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More
In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More