White House Market, a prominent darknet marketplace, has ceased accepting bitcoin payments in favor of Monero only. The darknet marketplace administrators detailed that they faced an issue with a payment processor blocking Tor exit nodes, though they had long planned the full transition to Monero was always planned.
On December 28, one individual on Twitter wrote: “[One of the] largest darknet markets, White House Market, drops bitcoin support, now only uses monero.”
The White House admins say the issues with bitcoin support stemmed from a third party service. “Bitcoin payments are no longer accepted,” the White House admins stressed. “The [third] party exchange API we used (Morphtoken) has suddenly decided to block access from Tor exit nodes and while this is trivial to circumvent we decided to respect their decision.”
The darknet admins added: “The Bitcoin workaround was supposed to be there just to help with the transition to XMR and as we are concerned it’s done, therefore we are now monero only, just as planned.
While White House is the only darknet marketplace that accepts Monero, other darknet marketplaces include Darkbay, Cannazon, Darkmarket, Torrez Market, Cypher Market, Darkn0de, Mega and Monopoly Market. As of December 29, 2020, darknet marketplace vendors accepted monero for goods and services.
The news out of White House darknet marketplace comes as Bittrex, a cryptocurrency exchange, delisted Monero. Alongside other privacy coins like zCash and Dash, Bittrex delisted Monero, but failed to give a reason. At least Dash had reached out to Bittrex, noting their coin offers no greater privacy than Bitcoin.