1. PixelPlaygroundHome
  2. Blockchain Briefs

Dapper Labs’ Payment Options Limited by Partner’s Deletion of Function

• Blockchain Briefs • 110 views

It is reported that the development team behind CryptoKitties and NBA Top Shot, Dapper Labs, said that because its payment partner Circle deleted the correspon…

Dapper Labs Payment Options Limited by Partners Deletion of Function

It is reported that the development team behind CryptoKitties and NBA Top Shot, Dapper Labs, said that because its payment partner Circle deleted the corresponding function, it no longer supports the ACH (automatic clearing center) cash withdrawal option, but will continue to support cash withdrawal through wire transfer and USDC.

Dapper Labs no longer supports ACH withdrawal, but still supports wire transfer and USDC

Interpretation of the news:


Dapper Labs, the development team behind CryptoKitties and NBA Top Shot, has announced that it can no longer support the ACH (automatic clearing center) cash withdrawal option. This is due to its payment partner, Circle, deleting the corresponding function. However, users will still be able to withdraw funds through wire transfer and USDC (a stablecoin backed by the US dollar).

This development should not be viewed as a surprise since company partnerships can be prone to changes such as this. However, it is still significant because it alters Dapper Labs’ payment options, which can impact user experiences.

The deletion of the ACH cash withdrawal option will limit Dapper Lab users’ capabilities to withdraw funds in cash, which could be a major issue for users who prefer this option. Nonetheless, the company is still offering wire transfers, which are a popular option in the cryptocurrency space. Additionally, users can use USDC to withdraw cash, which could offer some solace since it is stable and backed by the US dollar.

It is also important to note that Dapper Labs is not discontinuing its services entirely, but only limiting the way users can access their funds. This move may prove to be unpopular with some users but the company still has a few options that users can choose from.

Finally, it is not uncommon for companies in the cryptocurrency space to face such challenges. This can happen to companies of any size and can even occur to larger companies. As such, Dapper Labs’ latest announcement is just another testament to the highly unpredictable world of cryptocurrencies.

In conclusion, Dapper Labs has lost one of its payment options due to its partner’s deletion of a corresponding function. However, users are still left with two other options, namely wire transfers and USDC. This development is insignificant in the larger scheme of things but it is still something that could impact user experiences.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5595/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/07/2023 05:10
Next 03/07/2023 05:33

Recommended articles