Bitcoin Conference Stops Accepting Bitcoin Payments Due To Congestion

Blockchain, News | January 12, 2018 By:

The North American Bitcoin Conference (TNABC) has reportedly stopped accepting bitcoin payments for selling last-minute tickets for its event, scheduled for January 18-19 in downtown Miami.

The conference cited network congestion and manual processing issues as part of reason why the event’s organizers decided to accept fiat payments only for last-minute bookings.

“We have, and always will, accept cryptocurrencies for our conferences, up to 14 days before the event,” TNABC said. “However, due to the manual inputting of data in our ticketing platforms when paid in cryptocurrencies, we decided to shut down bitcoin payments for last-minute sales due to print deadlines.”

TNABC organizer Moe Levin said that the company was working to get Bitcoin Cash or other cryptocurrencies with cheaper fees integrated into the ticketing system. But it was not that easy.

“We wish this was easier, but no ticketing options exist which can handle large volumes of ticket sales, and transaction fees on the bitcoin blockchain exceed $30 at certain times of the day,” said Levin.