North American Bitcoin Conference: Cryptocurrency Event Stops Accepting Bitcoin

Miami the location on the 2018 North American Bitcoin Conference

North American Bitcoin Conference: Cryptocurrency Event Stops Accepting Bitcoin

The conference organizers said on the event's site that it's just too slow and pricey to accept at the last minute. It seems as though that on-chain fees have risen to $30 to $60 per transaction.

The North American Bitcoin Conference cited network congestion and manual processing issues as part of reason why the event's organizers chose to accept fiat payments only for last-minute bookings.

Keynote Events went on to say that it has and "always will" accept cryptocurrencies for their conferences up to 14 days before the event.

"Due to network congestion and manual processing, we have closed ticket payments using cryptocurrencies", a note read on their website.

These issues have prompted the organisers of the North American Bitcoin Conference to be held in Miami next week to announce they would no longer be exchanging tickets for any cryptocurrency.

The attendees of an upcoming Bitcoin conference have been told they won't be able to use the cryptocurrency to buy tickets.

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Next year's event would run more smoothly when "global adoption [of cryptopcurrencies] becomes reality", the event organisers added.

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.

A single Bitcoin is now valued at exactly £10,000 after a record year in 2017 when it increased in value more than 2,000% between its record low and high.

The report states further that for now, Bitcoin could be money at least in theory and might attain such status if "it proves capable of facilitating transactions at a low cost and/or providing better risk-adjusted returns for portfolios".

Then, last week, Microsoft temporarily stopped accepting cryptocurrencies as payment for online games and apps, citing the high fees and unpredictability.

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