Reddit to Accept Bitcoins as Payments for Reddit Gold

by Mercator Advisory Group 0

As of Feb. 14th, social medium Reddit is accepting Bitcoins, as well as credit cards, as payments for “Reddit Gold,” a gift that can be given between users of the website. These new accepted forms of payment will be added to the existing forms of PayPal and Google Wallet.

One advantage of using Bitcoins over credit cards? Users from any country can buy Reddit Gold with a Bitcoin.

From Reddit’s blog:

We’re using Coinbase as our bitcoin payment processor and Stripe for credit cards. Right now we’re only accepting credit card payments from the US and Canada, but bitcoin payments can be made from anywhere in the world.

For Bitcoin proponents, this is a logical step towards their goal of reaching the mainstream. Reddit is one of the fastest growing social media platforms, and is also staunchly dedicated to the rights of Internet users, including the right to privacy. Because Bitcoins inherently prevent the capture of identifiable transaction data, this partnership is a good match.

Click here to read more from Reddit’s blog.

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