Altcoin News: TipJar Crypto Micropayment Service Closes Due to Low Demand

October 7, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The cryptocurrency micropayment service based on the Ethereum TipJar blockchain will close due to low demand.

According to TipJarBot in a publication on Reddit on Sunday, the service has been characterized by very low activity recently.

“I have been paying the monthly server fees for several years, and although they are pretty minimal, at this point it doesn’t make much sense for me to continue putting money into the service when it’s going unused,” TipJar developer writes.

TipJar allowed Reddit users to send micropayments in ETH and ERC20 tokens without paying additional fees. The bot was discontinued simultaneously with the publication of the notification, and the TipJar website will close on April 10, 2020. Until this time, users need to withdraw all assets located on their wallets.

The developer also said that he could release the TipJar code so that interested members of the community take the initiative after the creator stops supporting it.

Author: Marko Vidrih