In a statement the company said the decision was prompted by Bitcoin’s slow transaction confirmations and settlement speeds, which hampered the platform’s ability to provide 24-hour turnaround.
“Dash is by far the best e-commerce token in the world and it completely solves the instant transaction and settlement problems bitcoin currently faces,” BitCart CEO Graham de Barra said. “Since we integrated Dash six weeks ago, we haven’t had a single problem. Dash is so easy to use from both a consumer and merchant perspective and since we disabled bitcoin, demand for BitCart has gone through the roof.
“Dash can handle incredibly high volume of transactions; in fact there doesn’t seem to be a limit, and every order is seamless.”
Mr. de Barra said Bitcoin caused him some issues.
“From a merchant’s point of view, bitcoin is extremely problematic. The backlog is vast and transactions speeds are terribly slow. I had to wait three entire weeks to fill two customer orders, simply waiting on the bitcoin network to clear. Bitcoin as a method of payment on BitCart is simply not sustainable and it’s a nightmare from a merchant point of view; every twenty or so transactions the platform would stop working and we would have to reintegrate the API.”
BitCart gives shoppers access to more than 15% savings to Amazon, and soon Hotels.com.