/Reddit to Re-Enable Bitcoin Payments (And Add More Cryptos)

Reddit to Re-Enable Bitcoin Payments (And Add More Cryptos)

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Social media platform Reddit is planning to restore cryptocurrency as a payment option for its gold members – and this time bitcoin won’t be the only option.

Christopher Slowe, the CTO of Reddit revealed that they are working towards bringing back Bitcoin payments on their platform in an interview with Cheddar. He confirmed that they did not have the time to work towards making the Coinbase upgrade because they were focused on the new Reddit Design.

When asked if they intend to accept Cryptocurrencies other than Bitcoin, Slowe said:

“We have been looking at other Cryptocurrencies. We are looking at Ethereum and Litecoin that are provided by Coinbase as well”.

Furthermore, the CTO stated that the site is looking to add more crypto options than just bitcoin this time round.

Also Reddit explained in March that Coinbase’s decision to disable its Merchant Tool and replace it with a new Coinbase Commerce product had been in part the cause of the site halting its bitcoin payments option. Payment bugs affecting some users had also been an issue, according to an administrator.

Coinbase Commerce allows merchants to accept multiple cryptocurrencies and has other new features compared with the older product.