Reddit No Longer Accepts Bitcoin for Reddit Gold


Reddit Gold, the premium ad-free version of the site, no longer accepts membership purchases in bitcoin.

According to a Reddit post on r/BTC by a moderator of several subreddits, the decision to remove the bitcoin payment option was based on an “upcoming Coinbase change” combined with “some bugs around the Bitcoin payment option that were affecting purchases for certain users.”

Did Reddit remove Bitcoin as a payment option for Gold (or is it just me)? from btc

Earlier this month, Coinbase announced that Coinbase Merchant Tools would be retired in favor of newly the launched Coinbase Commerce. The company recognized that the decision may be “disruptive to Coinbase Merchant Tool customers” and that they recommended that customers create a Coinbase Commerce account by April 30th in order to continue accepting cryptocurrency payments.

This decision by Reddit comes at a low moment for the cryptocurrency community, with the price of BTC just under $8,000. It’s a blow to see an early adopter abandoning the use of the cryptocurrency at a time when proponents hope to see more major businesses accepting it as payment.

A Reddit Gold membership currently costs $2.99 a month or $29.99 for the year, and gives users access to a number of benefits including custom avatars and secret societies.

More: Reddit Drops Bitcoin Support for “Gold” Purchases
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts