The year is 2015.
Adyen, a payment processing company adds Bitcoin to their platform.
This is huge news. Adyen is a promising payment processor in 2015 with huge venture capitalists behind it. They believe in Adyen, and also in Bitcoin. Adyen promised to be a safe, secure and fast payment processor for small and larger companies. Peter van der Does is a fan of Bitcoin, and adds it to his platform.
The perfect partner for Bitcoin, and the boost it needed to become adopted worldwide.
Multiple small news outlets report on this great news, but for some reason it doesn’t gain any traction and the news gets ignored by most people.
Adyen is turning out to be the most successful payment processor in the world. From starting as a new, small start up they managed to get billions in funding.
In 2018 their portfolio includes companies such as booking.com, Vodafone, Etsy, Netflix, Facebook, Sephora and Uber, leading to an IPO valuation of 7.1 billion euros (8.3 billion U.S. dollars) in June 2018.
Thats massive, only Spotify received more funding that year.
The investors had a reason for that, Adyen processed over 3.7 billion payments in 2017.
But why isn’t this shown in crypto news outlets? Why are they ignoring adoption like this you might ask?
Because Bitcoin got removed from Adyen. Just like that. Adyen turned their back on Bitcoin after issues with Bitcoin. When Googling for information if Adyen supports BTC you will be greeted with this pitiful article instead.
With no intention to be re-added Bitcoin lost the chance (forever!) to be added to Vodafone, Netflix, Etsy, Facebook and many more sites you regularly visit. This was the biggest chance for Bitcoin, and the users blew it by not using the processor.
Your favorite crypto news outlet didn’t report on this, because it was the final nail in the coffin for Bitcoin.
What do you think of this?