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Fiverr drops bitcoin as payment method

Fiverr, a U.S.-based freelancer marketplace, has decided not to accept payments in bitcoin, CoinDesk reported.

The company partnered with Coinbase in 2014 to accept payments in the digital currency, saying that it intends to be in the forefront of marketplaces embracing bitcoin and security standards. However, it seems to have taken a U-turn and has discontinued bitcoin payments.

Fiverr attributes its decision to lack of interest. A Redditor posted the official email from the company that said:

“We noticed that you previously used Bitcoin to purchase services on Fiverr. Effective January 19, 2017, Bitcoin will no longer be accepted as a form of payment on Fiverr. However, you will still be able to make purchases using your debit or credit card, PayPal, or Fiverr credit.”

Senior PR manager Sam Katzen confirmed the decision, and told CoinDesk:

“Our removal of bitcoin as a payment option was due to an unfortunate lack of interest."

Launched in 2010, Fiverr is the marketplace that enables freelancers and entrepreneurs to start doing, growing and succeeding. Its global community of freelancers has delivered millions of high-quality Gigs from over 100 service categories across 190 countries. Fiverr has offices in New York City, Chicago, Miami, San Francisco and Tel Aviv and its investors include Accel Partners, Bessemer Venture Partners, Qumra Capital and Square Peg Capital.

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