Freelance market Fiverr drops bitcoin as payment method

Now Accepting | January 30, 2017 By:

Fiverr announced its decision to stop accepting bitcoin.

The company partnered with Coinbase in 2014 to accept payments in the digital currency, saying that it intends to be in the forefront of marketplaces embracing bitcoin and security standards. However, it seems to have taken a U-turn and has discontinued bitcoin payments.

When reached for comment, senior PR manager Sam Katzen confirmed that Fiverr was dropping the option.

“Our removal of bitcoin as a payment option was due to an unfortunate lack of interest,” said Katzen.

Launched in 2010, Fiverr is the marketplace that enables freelancers and entrepreneurs to start doing, growing and succeeding. Its global community of freelancers has delivered millions of high-quality Gigs from over 100 service categories across 190 countries. Fiverr has offices in New York City, Chicago, Miami, San Francisco and Tel Aviv and its investors include Accel Partners, Bessemer Venture Partners, Qumra Capital and Square Peg Capital.