“In light of a constantly changing market in the United States of America, CoinPayments Inc. and UAB Star Ventures are at this time discontinuing services to and access to our platform by U.S. users.”
This news has broken in fits and starts over the last few days. We’ve been discussing the news over in a LowEndTalk thread.
First, CoinPayments began denying specific states like NY and then they decided to block the entire country. Presumably the “constantly changing market” is a regulatory one, though it is interesting to speculate.
What do you think is the real story here? Are you affected? Please comment below or in the LET thread and let us know!
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Dread Lord of LowEnd Content at LowEndBox
I'm raindog308, techno polymath and long-time LowEndTalk community Administrator. My technical interests include all things Unix, perl, python, golang, shell scripting, vintage operating systems such as MVS, and relational database systems such as Oracle, PostgreSQL, and MySQL.
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I enjoy writing technical articles here on LowEndBox to help people get more out of their systems. You can find me on LowEndTalk @raindog308
I also enjoy using LEBs! I have an empire of little guys for VPNs, larger guys for apps, and big guys for databases and storage. When I'm not in front a screen I'm into German Shepherd dogs, quality knives, target shooting, theology, tabletop roleplaying games, and forest hiking.
I enjoy writing technical articles here on LowEndBox to help people get more out of their systems. You can find me on LowEndTalk @raindog308
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Quite shocking in my opinion! A lot of businesses who once utilized CoinPayments for processing will now have to find a new solution, that accepts the coins they once did, and on top of that one that integrates with their current platform and or utilize multiple methods.
CoinPayments doing this with little to no notice is another topic.