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Author Topic: 2013-01-15 networkworld/IDG - Reddit to accept bitcoin for premium service  (Read 507 times)
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February 15, 2013, 11:36:28 PM
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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


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The popular social-news site Reddit said it will now accept bitcoins, following blogging platform WordPress in embracing the four-year-old virtual currency.
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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.
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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.
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