HomeAltcoin NewsGpuShack Drops Bitcoin Support in Favor of Bitcoin Cash, Ethereum, and Litecoin

GpuShack Drops Bitcoin Support in Favor of Bitcoin Cash, Ethereum, and Litecoin


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Quite a few companies no longer like Bitcoin all that much. This trend is only normal given the recent network issues. GpuShack is finally ditching Bitcoin support altogether. They have come up with three other currencies usable for platform purchases. Unsurprisingly, these currencies include Bitcoin Cash. Ethereum, an even Litecoin. It is evident this company wants to focus on the future of cryptocurrency first and foremost.

Several companies have dropped Bitcoin payment support over the past few months. In most cases, this has to do with network fees or slow transactions. Right now, neither of these situations are present as far as Bitcoin is concerned They tend to pop up rather regularly though, which causes a lot of friction. For businesses, dealing with such a semi-functional payment method simply isn’t acceptable. Especially those interested in cryptocurrencies will look for alternatives first and foremost.

GpuShack Makes an Interesting Decision

In the case of GpuShack, the alternatives are rather interesting. By dropping Bitcoin altogether, they take an interesting stance. It is evident the company no longer views Bitcoin as a suitable payment method. It is a vision other service providers share as well. For GpuShack customers, little will change, although the delisting of Bitcoin will remain in place indefinitely. Quite a severe stance, but one that also makes some sense.

Instead, GpuShack now accepts three other cryptocurrencies. It’s good to see them stick with cryptocurrency as an option in general.Newly supported coins include Ethereum, Bitcoin Cash, and Litecoin. All of these options are available through the checkout process effective immediately. Which of these three options will turn out to be the most popular, is anybody’s guess right now. All of them have a certain appeal, but they are all very different from one another as well.

Diversification is a key aspect of cryptocurrency first and foremost. This does not just apply to investing but also dealing with payments. Bitcoin is no longer the undisputed king of the castle, so to speak. Instead, it will eventually take a backseat to other and better cryptocurrencies. Whether any of these three currencies accepted by GpuShack fits that bill, remains to be seen. Anything is possible in this industry, that much is rather evident.

Header image courtesy of Shutterstock

JP Buntinx
JP Buntinx
JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.


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