TechCrunch’s Drew Olanoff (@Drew) had the scoop on Reddit’s announcement that they were accepting bitcoins as payment when its users purchase Reddit Gold. Excerpts:
"Social discovery and discussion site Reddit has just launched an integration that allows its users to pay for ‘Reddit Gold’ using bitcoin with Coinbase’s system."
"By buying Reddit Gold, you can add features to your account like comment highlighting and shutting off ads."
"Brian Armstrong, Coinbase’s CEO, [shared] about the launch: ‘This is a large step forward for Bitcoin and for Coinbase, as Reddit is a top 100 site in the U.S. and top 200 site internationally. […] We had a number of other merchants start using our merchant tools recently, including 4Chan, web hosting companies, productivity app, and plenty of sites accepting donations.’"
"[Coinbase] says it has 30,000 users and is processing 40,000 bitcoin payments a month."
- http://bit.ly/Z0AjgZ (Announcement/blog post on Reddit)
- http://bitcointalk.org/index.php?topic=144102.0 (Further discussion of this development)
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