Miami Bitcoin Conference No Longer Accepting Bitcoin Payments

By Adam K. Raymond

Organizers of the North American Bitcoin Conference said Thursday that they’ll no longer take bitcoin as payment for the $1,000 tickets they’re selling. Turns out, the transaction fees and processing times associated with the volatile cryptocurrency are just too much of a burden.

This is not news to those who have been following the fluctuations in the bitcoin market, but it’s a bad look for a conference meant to promote the future of cryptocurrencies. This is not what organizers meant when they wrote on the website that “the crypto space continues to explode.”

It was probably a mistake to try to use bitcoin as currency in the first place. Bitcoin transactions are too slow and too expensive and its value is too unstable for it to be a reliable transaction coin.

That won’t stop organizers of this conference from trying again next year though, if there is a next year for bitcoin. “Ticket service providers like Eventbrite or others do not have crypto integrations yet. I think within a year companies like Coinpayments, and other payment providers will have better tools, and we will instantly integrate,” organizer Moe Levin told bitcoin.com.

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