Reddit News Site Now Accepts Bitcoin

Reddit News Site Now Accepts Bitcoin: The anonymous digital currency Bitcoin, which is already accepted on the W...

The anonymous digital currency Bitcoin, which is already accepted on the Wordpress blogging site, has another mainstream partner. Reddit, the social news and entertainment site, now accepts bitcoins as payment for Reddit Gold, a subscription service. Created in 2009, Bitcoin is a decentralized virtual currency with cash-like properties including enabling anonymous transactions. Even though the cryptocurrency has a less than pristine reputation, prominent companies have begun accepting it. WordPress began accepting bitcoins to purchase upgrades in November, citing Bitcoin's anonymous nature as being conducive to the exercise of free speech online. And in December, Bitcoin-Central, a French digital currency exchange, began operating under French regulation, a move that adds legitimacy to the currency. "Despite its considerable potential, Bitcoin is still very new, experiment...

Full article: http://www.americanbanker.com/issues/178_33/reddit-news-s...