As Bitcoin Continues To Fall, Chatspin Abandons Plan To Accept Cryptocurrency As A Form Of Payment

Due to increasing uncertainty surrounding the long-term future of Bitcoin, live video streaming application, Chatspin, has abandoned plans to accept cryptocurrency as a form of payment. The decision comes in the wake of significant losses in the value of Bitcoin and other popular cryptocurrencies throughout the fourth quarter of 2018, with many analysts uncertain about a recovery in the short- to medium future.

The multi-platform app had previously invested heavily in updating their payment platform to accept Bitcoin, Litecoin, and other forms of cryptocurrency for users who wish to access premium features. The decision to implement cryptocurrency as a form of payment was taken due to an increase in popularity of the digital coin when making online payments earlier in 2018, but Chatspin directors now feel that it is far too risky to accept such an unstable method of payment and have completely deserted the idea.

"Just a few months ago, the idea of accepting Bitcoin, Litecoin, and other cryptocurrencies as forms of payment seemed like a no-brainer", said Chatspin Press Manager, Shay Robin, "But, having closely followed the cryptocurrency markets, we can see no value to accepting these digital coins and feel the risk far outweighs the reward. Therefore we have ceased plans to accept any form of cryptocurrency as a method of payment".

Chatspin has recently become the first platform to launch AR face filters on desktop, creating a more seamless experience for users across all devices. While using the filters are completely free, there are some premium filters available for users who subscribe to the video streaming community. But, for now, subscribers will need to continue paying by less risky methods such as credit/debit cards for their premium service.

About Chatspin
Chatspin is a random video chat app which is available on Android and web browsers with an iTunes release planned soon. The chat platform allows users to connect with strangers from around the world using a webcam and an internet connection. Users can enjoy features including cam filters and effects, gender filters, country filters, an intuitive and straightforward interface, and control over audio and visual settings. The service simultaneously connects tens of thousands of people randomly every day.

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