Reddit to accept bitcoin for premium service - Computerworld

#cybersecurity Reddit to accept bitcoin for premium service #infosec

IDG News Service - 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 $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 $27, according to Mt.Gox , a Japan-...

Full article: http://www.computerworld.com/s/article/9236811/Reddit_to_...