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Author Topic: 2013-02-14 venturebeat.com - Reddit says Bitcoins are as good as gold (and credi  (Read 689 times)
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February 15, 2013, 11:39:48 PM
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Reddit says Bitcoins are as good as gold (and credit cards)

Tom Cheredar
2013-02-14

http://venturebeat.com/2013/02/14/reddit-bitcoin/

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The move should give the news sharing site a boost in revenue, especially from international users that are unable to pay via credit card or PayPal for one reason or another.
...
Reddit joins a handful of organizations now accepting Bitcoin payments: Dewlance, Diaspora, 4chan, Wiki Leaks, Uploaded.to, The Internet Archive, and, more recently, WordPress operator Automattic.

Yet the vast majority of businesses are not on board, which could have something to do with Bitcoin’s perception of being an unsecure method of payment as well as the currency of choice for criminals. But that may change over time since Bitcoin doesn’t have the same limitations as a currency that’s tied to a government.
...

With legitimized exchanges like Coinbase offering bank-level encryption (and processing over $1 million worth of Bitcoin transactions per month), it may just be a matter of time before it starts appearing next to PayPal, Visa, Master Card, and Google Wallet — especially with support from Reddit’s highly effective active user base.
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