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15 Feb '13, 3am

.@Reddit to accept bitcoin for premium service by @ITworld

February 14, 2013, 9:53 PM — The popular social-news site Reddit said it will now accept bitcoins, following blogging platform WordPress in embracing the four-year-old virtual currency. Reddit, which lets users submit and vote on popular Web content, already uses PayPal and Google Wallet for its "Gold" service, which gives users a range of editing tools and an option to turn off advertisements. The Gold service costs US$3.99 a month or $29.99 a year. Accepting bitcoin will allow the site to take payments from anywhere in the world, according to Reddit's blog . Bitcoin is a virtual currency that can be purchased through exchanges for government-issued currency. Transactions are verified by a peer-to-peer system, and payments can be sent anywhere in the world for a low fee or in some cases no fee within about an hour. On Friday, one bitcoin cost about US$27, according to Mt....

Full article: http://www.itworld.com/demand-software/342553/reddit-acce...

Tweets

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Starting today we'll be accepting bitcoin and credit cards for purchasing reddit gold, in addition to the existing options...

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The anonymous digital currency Bitcoin, which is already accepted on the Wordpress blogging site, has another mainstream p...

Reddit

Reddit

blog.reddit.com 14 Feb '13, 8pm

Starting today we'll be accepting bitcoin and credit cards for purchasing reddit gold, in addition to the existing options...

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