UTC-05:00,Tuesday , July 16th 2019

South African Payment Gateway Drops BTC Over Fees and Network Congestion

22:24 Saturday , July 13th 2019
On July 12, South African payment gateway service Payfast announced the company is dropping Bitcoin Core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.”
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