ENDING BITCOIN SUPPORT
At Dedigeeks, we strive to provide superior customer service and support alongside well established leading payment technologies. Dedigeeks has been one of many providers on the hosting market today to offer such unique and technologically advanced payment solutions such as Bitcoin a decentralised payment gateway.
Dedigeeks first introduced Bitcoin to it's consumer base as a means of payment for the fast growing digital asset to which many deemed either as a class of commodity or currency and was widely divided to what Bitcoin really was from border to border.
Bitcoin has been engaged in many political and social talks across all platforms of media/tv to social platforms such as Reddit, Facebook, Twitter, and through news outlets such as Cryptocurreny new, Coindesk, The Verge, and the Bitcoin Magazine to simply name a few.
From the spotlight Bitcoin has really shown us it has the capabilities to whether the social and economic storm and is a contender for the future of digital assets.
However, Bitcoin has had some recent downsides and those have included blocksize debates and higher transaction fees to which has prompted us to review our stance on the payment option of Bitcoin payments, unforunately due to the time it takes from a payment to be made and recorded on the blockchain and to be be cleared through confirmations from the network which can take anywhere from 10 minutes to over 1 hour it can really take a beating on the price variation from hundreds if not thousands of dollars in different variances.
Due to this Dedigeeks has found the use of Bitcoin non feasible at this current time and as result we've had to withdraw our committment to offering such a service to our consumers due to the risk of it's high volatility either through refunds or through invoice payments being below what was expected to be paid.
Dedigeeks will start winding down the use of Bitcoin as of January 31st 2018.
Dedigeeks will continue to support the growing architecture surrounding Bitcoin and it's alternative currency cousins such as Ripple, Litecoin, Dash, Ethereum, Stellar/Lumens and BitcoinCash.
Should Bitcoin or alternative currencies become further viable in the future Dedigeeks will be happy to engage with it's consumers to gather a their insights and feedback about their re-introductions.
If you have any questions or concerns in relation to the Dedigeeks decision on Bitcoin or it's alternative currencies please feel free to comment blow and we'd be glad to hear what you have to say.