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Title: 2013-01-15 networkworld/IDG - Reddit to accept bitcoin for premium service Post by: julz on February 15, 2013, 11:36:28 PM The IDG news service is syndicated - so this (short) article will probably appear on a few sites
Quote Reddit to accept bitcoin for premium service The site follows WordPress in accepting the virtual currency for payments Jeremy Kirk 2013-01-15 http://www.networkworld.com/news/2013/021513-reddit-to-accept-bitcoin-for-266747.html ... The popular social-news site Reddit said it will now accept bitcoins, following blogging platform WordPress in embracing the four-year-old virtual currency. ... The virtual currency is looking increasingly attractive to online merchants, who run the risk of incurring a "chargeback" by banks if someone fraudulently makes a purchase with someone else's credit card details. Due to its cryptographic verification system, bitcoins cannot be fraudulently spent, which relieves merchants of chargeback worries. ... WordPress announced in November that it would accept bitcoins, opening up some of the blogging platform's paid-for features to people in countries not supported by credit card companies and PayPal. ... |