Bitcoin tipping service ChangeTip is shutting down

Announcements | November 24, 2016 By:

ChangeTip has announced that it is going to discontinue its operations. This follows the Bitcoin tipping service’s core development team being taken on by Airbnb.

Nick Sullivan took to Reddit today to announce the closure. He said that the tipping service will be officially turned off at the end of November, though its website will remain open “for a number of months” in order to allow for user withdrawals.

“In the spring of 2016, ChangeTip’s employees were acqui-hired by Airbnb, where most of us work today. Since then, we’ve been searching for the best outcome for ChangeTip, and unfortunately the only remaining option is to shut it down. At the end of November 2016, all tipping functionality will be deactivated, and the site will be put into withdrawal-only mode for people to collect their funds. The site will remain up for a number of months to allow users to withdraw their funds, and we will be reaching out to users to notify them,” said Sullivan.

Sullivan said that since its inception, more 100,000 people have signed up for ChangeTip, and over 350,000 tips have been sent. The Bitcoin micro-transactions startup raised $3.5 million in March last year in a funding round lead by Pantera Capital.

ChangeTip is a bitcoin-based micropayments service.