Chess.com Starts Accepting Bitcoin Cash for Memberships Due to BCH Proponent Request
In order for this to happen, a BCH proponent requested the firm to start accepting BCH payments. Chess is a very popular game all around the world. The website ranks 577 according to Alexa and there are around 1 million chess games played.
This website allows individuals to play chess online, discuss different gaming strategies, share videos and read chess-related resources. The owner of the site is very open towards virtual currencies and supports the crypto market as a whole.
According to Eirk, the CEO of Chess.com, they dropped support for Bitcoin some months ago. About it, he commented:
“As for why we stopped originally – it’s because Coinbase deprecated their payment links, and volumes had shrunken a lot anyway after btc value correction. Anyway, I personally remain a hopeful believer.”
Although he added support for Bitcoin Cash, he said that he received 100 messages saying
“Cannot receive payment.”
He said that he did not know that he couldn’t receive more than $10 at a time on this account. For Bitpay to allow him to receive more than $10, he has to provide information such as utility bills, documents, photos and more.
He mentioned that this is a very frustrating thing due to the fact that he would not be able to do it for a long period of time – at least until next week.
There have been several BCH supporters that they will be planning to get companies such as Steam to start accepting crypto payments once again. There were several firms such as Dell, Steam and Expedia that accepted Bitcoin payments. However, due to a decreased demand, merchants dropped this option.
During 2018, Bitcoin and digital currencies experienced a bear trend that affected them as a whole. Bitcoin dropped more than 80% while other digital assets fell even further. Thus, the market was hardly affected. Because of this situation and some issues with the Bitcoin network, merchants decided to stop accepting the most popular virtual currency as a means of payment.