RATE Group | TipJar Shuts Down as Cryptocurrency Market Slows
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TipJar Shuts Down as Cryptocurrency Market Slows

07 Oct TipJar Shuts Down as Cryptocurrency Market Slows

Posted at 23:41h in Cryptocurrency News by

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Cryptocurrency micropayment service TipJar is shutting down in Q1 2020 due to low usage, developers have confirmed.

Cryptocurrency Tipping Fails To Catch On

In a Reddit post on October 6, user u/doppio requested users withdraw any remaining funds held on their accounts. 

TipJar’s Reddit bot for automated payments will stop functioning immediately, he said, with the website to follow “in six months.”

“I had a great time creating this service, and it was fantastic seeing all the engagement when it was being used actively, but lately there has been very little activity on the bot,” the post explained. 

“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 used Ethereum to offer micropayments on social media in various cryptocurrencies. Born in 2017, the service saw the considerable decline in…

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