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In a series of posts on X, the cryptocurrency community has raised concerns over Stripe’s stance towards Bitcoin (BTC) mining companies.
Daniel Batten, the founder of CH4 Capital, took to the microblogging site to address Stripe directly, challenging the perception that Bitcoin mining is contrary to environmental, social, and governance (ESG) goals.
Batten, in his open letter to Stripe, affirmed the banknote company’s commitment to decarbonization. He argued that Stripe’s persistent reliance on the negative environmental impact of Bitcoin mining is unjustified.
The executive shared a symbol that looks like a verbal exchange between Bitsaga founder Rob and the Stripe team. Rob accuses Stripe of pressuring him to prevent the promotion of BTC mining hardware, calling it an act of “blackmail” and criticizing Stripe for its opposition to what he calls “freedom. “technology. “
In the conversation, Stripe claims that promoting mining hardware opposes Stripe’s terms of service.
In response, Batten suggested that Stripe reconsider its stance and claim that Bitcoin mining could contribute to decarbonization efforts.
Meanwhile, Kent Halliburton, CEO of Sazmining, shared an experience with Stripe and other payment merchants and credit card providers. According to Halliburton, companies involved in the sale of mining equipment face the same demanding situations as those selling cannabis, firearms, and pornography.
Mason Jappa, CEO of Blockware, said he declined through many banks and credit card processing companies.
Meanwhile, another community member was quick to argue, “Bitcoin makes Stripe obsolete.”
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