BitCart has announced that they will be removing Bitcoin as a payment option, providing exclusive support for Dash.
Earlier this year, the Ireland-based startup, which offers users a 15% discount on Amazon.com gift cards when using cryptocurrency, integrated Dash as a payment option alongside Bitcoin, leading to an overwhelming influx of orders. Now, BitCart is dropping Bitcoin functionality, meaning its customers can only use Dash.
Bitcoin’s slow confirmations caused BitCart to go full Dash
This move to go Dash-only was due to increasingly slow transactions for Bitcoin, according to BitCart CEO Graham de Barra:
“From a merchant’s point of view, Bitcoin is extremely problematic. The backlog is vast and transactions speeds are terribly slow. I had to wait three entire weeks to fill two customer orders, simply waiting on the Bitcoin network to clear. Bitcoin as a method of payment on BitCart is simply not sustainable and it’s a nightmare from a merchant point of view; every twenty or so transactions the platform would stop working and we would have to reintegrate the API.”
Dash has significantly lower fees and transaction times than Bitcoin, and this leads to a vastly different experience on both the customer and merchant side, according to de Barra:
“Dash is by far the best e-commerce token in the world and it completely solves the instant transaction and settlement problems Bitcoin currently faces. Since we integrated Dash six weeks ago, we haven’t had a single problem. Dash is so easy to use from both a consumer and merchant perspective and since we disabled Bitcoin, demand for BitCart has gone through the roof. Dash can handle incredibly high volume of transactions; in fact there doesn’t seem to be a limit, and every order is seamless.”
Dash gains businesses as the “business flippening” takes place
More businesses are seeing the benefits of using Dash, not only from using a superior transactional tool, but from an influx of new users. According to Dash VP of Business Development Daniel Diaz, this rapid expansion is spurred onward by the treasury system, which allows for 10% of new funds created to be dedicated to uses such as business development:
“Dash is expanding at a rapid pace as the network promotes itself in ways that are only possible in a self funded decentralized organization. As more and more people learn about Dash, services like BitCart will grow in popularity and it’s great to see companies in the ecosystem do well as this invites other businesses to also adopt Dash.”
De Barra similarly sees the advantage of the treasury funding model, which helped entice BitCart into Dash exclusivity.
“I love that Dash invests in its own development, and invests in the development of services that use Dash through their unique funding model. Bitcoin has a severe lack of investment into its development and merchant tools, and that’s why we are leaning towards keeping Bitcoin disabled on BitCart long term. The community want Dash to be the only thing to be used on Bitcart. It’s in the name, plain and simple, its digital cash, and Dash is king.”
Bitcart.io seems to be having issues meeting demand. I purchased $1900 in cards from them on Saturday. Over 50 hours later I am still missing over $500 of my cards. I paid with Dash, so it is not a confirmation time issue.
Not to mention one of the $200 cards they sent me had already been used on another account.
I wonder what their average purchase size is? Yours seems pretty big – but I have no idea. I was thinking about getting $100 or less for my first try.
It shouldn’t matter. The “you will receive your gift card within 24 hours” does not include a caveat for large orders.
I got a $150 order fulfilled in 37 minutes flat. That includes 5 or so to pay and have it confirm. Nice!
For what I understood, this size of the purchase can definitely cause some problems.
To understand a bit more about it please check out this video:
As I’ve already said below, “It shouldn’t matter. The “you will receive your gift card within 24 hours” does not include a caveat for large orders.”
I totally agree with you it should not matter, and I think he should put up some sort of warning if there are any delays, or simply not accept larger orders.
None the less there are good reasons for the delays, he seems to be hardworking guy, and he wants to deliver the service as best he can. He also is working hard on solving any types of problems may encounter. So please feel free to tell him your complaints
I don’t disagree with that at all. I have shared my complaints with them for sure, I am just trying to warn others that the guarantee on their website is not a guarantee, and even Joel Valenzuela, the author of this article, told me he’s heard similar complaints of them not meeting 24 hours from several people. Of course he told me this AFTER he personally recommended them to my wife and we had the same issue of not receiving my cards for nearly 60 hours. It sure would have been nice when my wife asked him how long it takes to get the cards if he had he told us about the complaints he’s heard instead of just saying, “under 24 hours these days.” (And that is a direct quote) We didn’t hear about the several complaints Joel has heard about until I started raising hell about bitcart.io in several places. Go figure.
All I’m saying is buyer beware. Does bitcart.io have a great model and a great idea? Absolutely. Will it get better with time? I sure hope so, and I think it can. Should they have a 24 hour guarantee on their website when they have had several issues meeting that guarantee? Absolutely not.
Thanks for the warning, I hope it will no longer exist ones he starts offering discounts in amazone Euro-land as well 🙂
You can buy precious metals with Dash also. DASH is slowly taking over.
Not so slowly! The public catching on is what’s slow. 😉