Bitcoin Tipping Platform Changetip Shuts Downwardly Afterward 2 Years Inwards Job Organization & $3.5 1 Grand One Thousand Inwards Vc Funding

San Francisco-based bitcoin tipping platform, ChangeTip, announced today it volition endure ceasing operations past times the destination of this month.

Nick Sullivan, CEO as well as Founder, explained inward his Reddit ship service how the job solid has been struggling to uncovering a feasible job organization model, afterwards the ChangeTip's evolution squad was acquired past times Airbnb:
“In the jump of 2016, ChangeTip’s employees were acqui-hired past times Airbnb, where nigh of us locomote today. Since then, we’ve been searching for the best effect for ChangeTip, as well as unfortunately the alone remaining selection is to nigh it down.”
According to Sullivan's post, tipping on ChangeTip volition endure turned off at the destination of November, as well as existing users volition alone endure allowed to remove funds. Alternatively, users tin laissez passer on notice opt to donate their BTC balances to several charities.

While the innovative startup kicked off amongst a $750,000 upper-case missive of the alphabet infusion via a partnership betwixt Blockchain Capital & Flight.vc, inward May of 2014, as well as a $3.5 meg seed funding circular inward Dec of 2014, which saw participation from prominent VC firms similar Pantera Capital as well as 500 Startups, administration has been unable to uncovering a agency to monetize the do of BTC tipping.

Since launching, ChangeTip has acquired to a greater extent than than 100,000 active users. Mr. Sullivan mentioned inward his closing letter that to a greater extent than than 350,000 tips accept been sent past times its users over the end 2 years.

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