Today, Kevin Sweeney, Director of Engineering at Vimeo, posted on Twitter that the video-sharing website wants to integrate Bitcoin into its payment system and is currently in the process of working through the red tape.
BitPay was quick to make a tweet offering its services to the company:
Lately, Bitcoin has been on a roll with merchants like Overstock.com, Dish Network, and PayPal announcing payment integrations. Many experts are speculating that soon digital currencies like Bitcoin will become commonplace across the entire globe.
Vimeo is a U.S.-based video-sharing website on which users can upload, share and view videos. The company was founded in November 2004. As of December 2013, Vimeo attracts over 100 million unique visitors per month and more than 22 million registered users. Vimeo On Demand, which was launched in March 2013, is a digital distribution platform designed to help creators sell their films and video series.
Bitcoin is a decentralized payment system created by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. Payments are recorded in a public ledger using its own unit of account, which is called Bitcoin.
Nakamoto vanished into the night in early 2010 with over 1 million bitcoins that he had mined while maintaining the lion’s share of the network hashrate.
Full Story: http://altcoinpress.com/2014/10/vimeo-works-to-integrate-bitcoin-payments-into-vod/
