The well-known darknet marketplace, the White House Market, has stopped Bitcoin payments and now only accepts Monero. The Darknet marketplace administrators stated that they had an issue with a payment processor blocking Tor exit nodes, but the full transition to Monero was always planned.
A number of crypto proponents in the darknet market have reported that the White House is dropping Bitcoin payments (BTC) to solely support Monero (XMR). On December 28, one person wrote on Twitter: “[One of the] The largest darknet market, the White House Market, is discontinuing Bitcoin support and is now only using Monero. “
News.Bitcoin.com confirmed the payment system change by visiting the onion URL of the market at the White House. The White House administrators explain in detail the Bitcoin (BTC) support issues caused by a third-party service.
“Bitcoin payments are no longer accepted,” emphasized the White House admins. “The [third] The Party Exchange API (Morphtoken) we used suddenly decided to block access from Tor exit nodes, and while this is a trivial workaround, we decided to respect their decision. “
The darknet administrators added:
The Bitcoin workaround should only be to make the transition to XMR easier and we fear it is complete. Therefore we are now just Monero as planned.
Data from the 1000x Group’s DNx dashboard shows that on December 29, 2020, 36.5% of DNM vendors accepted Monero for goods and services.
Monero (XMR) is a privacy-focused cryptocurrency asset released in 2014 that uses the open source Cryptonote protocol. XMR advocates like Monero for its privacy features like stealth addresses, ring signatures, bullet locks, and dandelion ++.
In addition, monero has received support on a large number of darknet marketplaces (DNM) on the invisible web. Statistics from the 1000x Group’s darknet payments dashboard show that the White House Market is the only DNM that is just Monero.
In addition to crypto assets like Bitcoin, Litecoin, and Zcash, some markets accept Monero for payments. This includes DNMs like Darkbay, Cannazon, Darkmarket, Torrez Market, Cypher Market, Dark0de, Mega and Monopoly Market. That’s about ten DNMs that support the data protection-oriented Crypto Asset Monero (XMR) for payments.
Data shows that as of December 29, 2020, 36.5% of DNM vendors accepted Monero for goods and services.
What do you think of the White House Market, which only supports Monero and is dropping Bitcoin payments? Let us know what you think on this matter in the comments section below.
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1000x Group, Bitcoin, Bitcoin (BTC), bullet fuses, crypto assets, dandelion, darknet, darknet markets, data, Monero, Monero (XMR), data protection, data protection coin, ring signatures, stealth addresses, gate, gate exit nodes, providers , White house, white house market
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