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

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.

Interpretation of this information:

The report states that Dapper Labs, the developers of popular blockchain games CryptoKitties and NBA Top Shot, will no longer be supporting the ACH (automatic clearing center) cash withdrawal option. This decision was made because Dapper Labs’ payment partner Circle deleted the corresponding function. However, Dapper Labs will still support cash withdrawal options through wire transfer and USDC.

This news has significant implications for users of Dapper Labs’ blockchain games who previously relied on the ACH payment option to withdraw their earnings. The ACH payment option made it easy for players to withdraw funds from the platform directly to their bank accounts. However, with the removal of this option, users will now have to use alternative payment methods, such as wire transfer or USDC.

While wire transfer is a commonly used payment option, USDC may be a less familiar payment method to some users. USDC is a stablecoin, which is a type of cryptocurrency that is pegged to a stable asset, such as the US dollar. This makes it less volatile than other cryptocurrencies and more suitable for use as a payment method. However, users will need to have a USDC wallet to receive their earnings.

The decision by Dapper Labs to discontinue support for ACH payments highlights the importance of having multiple payment options available for users. While ACH payments may have been convenient for some users, it is important to have alternative payment methods in place to mitigate the risk of disruptions caused by external factors, such as the actions of payment partners.