Reddit No Longer Accepts Bitcoin Funds for Premium Membership

Mar 29, 2018 at 12:28 // News

A preferred dialogue medium and social platform for the cryptocurrency market – Reddit has just lately confirmed that it’ll not settle for bitcoin funds for acquiring a premium membership. The platform could have disabled this selection due to the change in Coinbase cost building.

“Yup that’s proper. The upcoming Coinbase change, mixed with some bugs across the Bitcoin cost choice that had been affecting purchases for sure customers, led us to take away Bitcoin as a cost choice,” the Reddit admin @ emoney04 reported.

He added:

“We’re going to try demand and watch the development of Coinbase Commerce earlier than making a call on whether or not to reenable.”

Reddit premium membership supplies a person with a variety of additional options, akin to the flexibility to change off advertisements, to vary your reddit theme and remark highlighting, to save lots of hyperlinks you’ve visited and categorize them, to create your personal secret society, to achieve extra feedback, and others.

The change in coverage was found by a person who published a video displaying tips on how to current a premium membership to any individual else. Particular consideration was paid to the truth that the one accepted cost choices remaining had been PayPal and bank card. Excessive transaction charges are thought-about to have been a doable purpose for Reddit withdrawing blockchain-based bitcoin cost assist.

Furthermore, Coinbase has revealed the details about its new fintech design referred to as Coinbase Commerce final month. It allows merchants to make use of the fascinating crypto cash which can be saved on a digital pockets regulated solely by retailers. So, that’s the important purpose why some ventures, which have a low fee of funds in buying and selling cash, made the choice to delete that choice.

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