TheBigCoin Cryptocurrency Payment Gateway Terminates Operations Permanently
The world of cryptocurrency is moving towards mass adoption as more and more corporation integrate blockchains into their systems. Currently, there exist thousands of merchants around the world accepting crypto for goods and services showing promise of adopting digital assets as a form of payment.
This is set to push for global adoption of cryptocurrencies as a payment system. However, the journey to mass adoption hit a pothole this Monday 4th February as one of the largest intermediaries facilitating cryptocurrency payments, TheBigCoin, announced they will be permanently closing the payment processing systems.
Starting February 15th, the company will stop operations permanently as read on the email sent to its users on Thursday last week. This comes as a huge blow to the ongoing push towards global adoption of cryptocurrencies.
TheBigCoin Intermediary Crypto Payment Service
TheBigCoin is a crypto-fiat payment system that facilitates consumers and retailers to exchange goods and cryptocurrencies without a hustle. The intermediary service accepts various cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR), Binance Coin (BNB) and Dai (DAI) in any online store and any online service provider worldwide.
TheBigCoin allows users to buy across the web using cryptocurrencies despite 99% of the online shops not accepting crypto as a form of payment. TheBigCoin buys the goods using fiat and the consumer offers an equivalent amount in cryptocurrencies.
“We can help you to order anything you want online, doesn’t matter if it’s not something ordinary.”
The service is fully anonymous and users only require an online wallet to be able to complete their transactions. The intermediary further allows businesses to integrate their systems with a 0.9% processing fee on the payments made.
TheBigCoin Goes Dark
The past year has been massive for TheBigCoin as users became more and more familiar of the payment service. However, in the past few months, the company has stopped to post on social media raising doubts amongst the users. One Reddit user said,
“That’s actually strange – they used to be so active and you would hear about them everywhere.”
TheBigCoin team responded to the user saying they will not be accepting new orders.