The prominent darknet marketplace, White House Market has dropped bitcoin payments and now only accepts monero. The darknet marketplace administrators indicated there was a problem with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned.
A number of crypto advocates have reported in the darknet market that the White House bitcoin (BTC) payments for monero only (XMR). On December 28, a person wrote on Twitter: “[One of the] largest darknet markets, White House Market, drops bitcoin support, now only uses monero. “
News.Bitcoin.com confirmed the payment system change by visiting the White House ui URL. The White House administrators describe the problems with bitcoin (BTC) support came from a third party service.
“Bitcoin payments are no longer accepted,” the White House administrators stressed. “The [third] party exchange API we were using (Morphtoken) suddenly decided to block access from Tor exit nodes and while this is trivial to get around, we decided to respect their decision. “
The darknet administrators added:
The Bitcoin solution had to be there to help transition to XMR and as far as we are concerned, it is done, which is why we are now only monero, just as planned.
Monero (XMR) is a privacy-focused cryptocurrency asset released in 2014 that uses the open source Cryptonote protocol. XMR proponents love monero for its privacy features like stealth addresses, ring signatures, bulletproofs, and dandelion ++.
In addition, monero has gained support in many darknet marketplaces (DNM) on the invisible web. Statistics of The 1000x Groups darknet payment dashboard, shows that White House Market is the only DNM that is monero only.
However, in addition to crypto assets such as bitcoin, litecoin and zcash, a number of markets accept monero for payments. This includes DNMs such as Darkbay, Cannazon, Darkmarket, Torrez Market, Cypher Market, Dark0de, Mega and Monopoly Market. That’s about ten DNMs that the privacy-focused crypto-asset monero (XMR) for payments.
Data shows that on December 29, 2020, 36.5% of DNM suppliers accepted monero for goods and services.
What do you think of the White House Market that only supports monero and drops bitcoin payments? Let us know what you think about this topic in the comments below.
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