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Author Topic: 2012-11-15 theverge.com - WordPress starts taking payment in Bitcoin  (Read 1165 times)
julz (OP)
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November 16, 2012, 12:13:15 AM
 #1

Just a short report - but theverge is a pretty well known news site.

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WordPress starts taking payment in Bitcoin

Jeff Blagdon
2012-11-15

http://www.theverge.com/2012/11/15/3651684/wordpress-payment-bitcoin-bitpay


WordPress, the popular blogging platform / content management system is expanding its payment options for upgrades like going ad-free. Beginning today, users around the world will be able to pay with Bitcoin — the unregulated, decentralized digital currency built on cryptography. Explaining its decision, the company noted that PayPal currently blocks access from over 60 countries, and that many credit card companies have similar restrictions, whether because of politics, fraud, or other reasons.

WordPress says that its Bitcoin payments will be handled by BitPay.com and that there is no need to wait for confirmation since the transaction risk is “already acceptably low.” And while Bitcoin famously doesn’t permit refunds (because of the possibility for fraud), WordPress says it will still honor its refund policy, working with BitPay to get unhappy customers their money back.

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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paraipan
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November 16, 2012, 12:21:24 AM
 #2

Just a short report - but theverge is a pretty well known news site.

Quote
WordPress starts taking payment in Bitcoin

Jeff Blagdon
2012-11-15

http://www.theverge.com/2012/11/15/3651684/wordpress-payment-bitcoin-bitpay


WordPress, the popular blogging platform / content management system is expanding its payment options for upgrades like going ad-free. Beginning today, users around the world will be able to pay with Bitcoin — the unregulated, decentralized digital currency built on cryptography. Explaining its decision, the company noted that PayPal currently blocks access from over 60 countries, and that many credit card companies have similar restrictions, whether because of politics, fraud, or other reasons.

WordPress says that its Bitcoin payments will be handled by BitPay.com and that there is no need to wait for confirmation since the transaction risk is “already acceptably low.” And while Bitcoin famously doesn’t permit refunds (because of the possibility for fraud), WordPress says it will still honor its refund policy, working with BitPay to get unhappy customers their money back.

WordPress release
http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/

On Reddit
http://www.reddit.com/r/Bitcoin/comments/139ivm/wordpresscom_accepts_bitcoins/

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November 16, 2012, 12:32:36 AM
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you have any idea how many bloggers use WordPress?  lots.
paraipan
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November 16, 2012, 12:35:17 AM
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you have any idea how many bloggers use WordPress?  lots.

You bet http://en.wordpress.com/stats/

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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