A laundry company in North Carolina will no long accept Bitcoin, citing “privacy issues,” the company’s CEO said.
The company, which operates in North Charleston, made the announcement Wednesday in a post on its Facebook page.
The announcement came a day after the company announced a deal with Paypal that will allow customers to send items via PayPal to Gymbo.
Gymbos payment processing fee is less than 1% of its fees.
The move comes just a day before the holidays, when consumers are expected to flock to stores and online services for more digital shopping.
Gymbo is one of several businesses that have been offering Bitcoin as a payment method in recent months.
Earlier this year, it said it was introducing Bitcoin payments for its clothing, grooming, home furnishings, electronics and more.
Gymbrains website, Gymboo, also announced it was working on Bitcoin payments.
Gymbrans CEO Michael O’Brien said in the post that the company is exploring the possibility of expanding its reach beyond the clothing industry.
He said Gymboi had received several inquiries about accepting Bitcoin, but said the company had no plans to.