• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

ChangeTip Enables Dollar Tipping to Increase Bitcoin Adoption

Yashu Gola by Yashu Gola
7 years ago
in Bitcoin
Reading Time: 2 mins read
Advertisement

Users of online Bitcoin tipping service ChangeTip can now receive and send tips in US Dollars.

Launched in 2013, the San Francisco-based platform is known to have tipped around $250,000 by January 31st, 2015. In many cases, ChangeTip had also been used as a micropayment settlement service, by denominating the Bitcoin tips in small fractions — known as ‘bits’. However, their decision to integrate the USD comes as a surprise to most of the Bitcoin community.

On its latest thread on Reddit, ChangeTip revealed the reasons behind the sudden revamping. The company had lately conducted a nationwide survey among its customers, the results of which came harsh to Bitcoin. The survey stated that around 76% of ChangeTip customers would not use their services because it was based solely on Bitcoin. Going further, the participators suggested the company to integrate the USD tipping option to the platform.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“While the whole ChangeTip team wants to shout from the rooftops that Bitcoin is the best payment channel for micropayments, we also listen to our customers,” the thread read.

Problems with Bitcoin

ChangeTip claimed that it has interviewed many of these anti-Bitcoin customers to understand their perception towards the digital currency. It found out that the customers had troubles with most of the Bitcoin’s technological features. For instance: it was not a real money to most of them. The customers further complained about the Bitcoin’s volatility and its alleged use in financing illicit activities.

“With 3 out of 4 people being unwilling to use ChangeTip because it is using Bitcoin, it was clear that we needed to add USD, “ ChangeTip explained. “The US dollar is probably going to be around for at least a few more years, so we figured we needed to play nice and interoperate.”

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: Bitcoin Newsbitcoin tipbitcoin tippingBitcoin USDchangetipchangetip bitcoin
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Related Posts

Bitcoin Bear

Bitcoin aSOPR Fails Retest Of Historical Bull-Bear Junction

2 hours ago
Is Bitcoin Price Hiking Due To An External Reason, What Does The Data Suggest

Is The Bitcoin Surge Due To An External Reason? What The Data Suggests

8 hours ago
Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction

Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction

9 hours ago
bitcoin bear

Bearish Signal: Why Bitcoin Miner Sell-Offs May Continue

22 hours ago
bitcoin

Bitcoin Surge Towards $24k As CPI Report Show Inflation Cooling

22 hours ago
Mike Novogratz Bitcoin

Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Most Investors are Still Looking at Cardano, Enjin Coin, and Mehracki as the CryptoCurrency Market Expands

August 11, 2022

Petrousus – The New Cryptocurrency That Could Become Profitable Like BNB

August 11, 2022

These Altcoins Are An Absolute Must-Have: Axie Infinity, Apecoin and HypaSwap

August 11, 2022

Zompot – The Next Crypto Wave Arrives To Meet Ethereum And Ripple

August 11, 2022

Top 3 cryptos for a balanched protfolio: Supontis (PON), Avalanche (AVAX), and Polygon (MATIC)

August 11, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.