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Reddit to Reintroduce Cryptocurrency Payments with BTC, ETH, and LTC

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Mark Mason

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Reddit to Reintroduce Cryptocurrency Payments with BTC, ETH, and LTC

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The “Front page of the Internet”, Reddit, will be once again allow users to purchase Reddit Gold with Bitcoin, Ethereum, and Litecoin.

Reddit previously utilized Bitcoin payments for its Reddit Gold program, which allows users to have access to premium features. Reddit CTO Chris Slowe said that they had stopped using Bitcoin payments because of “a combination of reasons, one is actually the fees on the Bitcoin network”. The other major reason had to do with their use “of Coinbase as one of [their] main processors” and that Reddit “didn’t have time to basically upgrade [their] current API integration”, but Coinbase is now upgrading their payment gateway.

In addition, Coinbase’s old merchant system that Reddit used did not provide access to the Ethereum and Litecoin exchanges, but Reddit will now have access with the relaunch. Slowe went on to discuss Reddit’s history of Bitcoin discussions along with the fact that “basically every coin in existence has a community on Reddit now.”

Read more: https://www.dashforcenews.com/reddit-to-reintroduce-cryptocurrency-payments-with-btc-eth-and-ltc/
 
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