None of Bitcoin Accepted by ProtonMail for Its Premium Service Has Been Cashed
- A tweet advised the public not to use Bitcoin, if they are holding it.
- ProtonMail promised a user not to sell the Bitcoin paid to them.
Bitcoin has been proving its place as a store of value and even a payment method as more merchants accept it, like ProtonMail. The Swiss-based email service recently stated on November 16th that, despite accepting Bitcoin, none of the cryptocurrency has been cashed out, according to a recent tweet. The tweet came in response to a customer with a guilty conscience over spending Bitcoin with the company, rather than holding onto it.
Digital gift card retailer BitRefill, in the tweet, urged Bitcoin holders to keep their assets where they are, stating, “Please do not put your Bitcoin to work.” A follower of BitRefill stated that they have continued to pay their invoice with ProtonMail with Bitcoin, making them feel secure, but still feeling guilty over not HODLing their coins. ProtonMail responded to the guilty customer,
No worries, we will HODL for you (we actually don't sell our BTC and haven't for years).
— ProtonMail (@ProtonMail) November 16, 2019
New account holders are not given the option of paying for their ProtonMail premium account with Bitcoin. However, existing email customers are offered this option, along with consumers that decide to upgrade their account from the free option to the premium.
Bitcoin donations are also accepted by ProtonMail, leading to a total of over 200 BTC being sent to them. At today’s prices, that number of BTC is valued at nearly $2 million Though the company expressed interest in launching an initial coin offering in July 2018, these plants have seemingly been delayed.