Reddit bitcoin bottom
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This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of the most reliable news teams in the industry, Bitcoinist provides up-to-date news and insightful analysis. Reddit bitcoin bottom more follow the link below. Reddit is getting ready to accept Bitcoin payments once again. The platform had ended support for Bitcoin payments in March According to Slowe, the online discussion and news aggregation platform is working to restore Bitcoin payments.
The Reddit CTO also touched on the reasons for the initial decision to disable Bitcoin payment support. Coinbase, the cryptocurrency exchange service, made changes to its API, switching from merchant tools to the new Coinbase Commerce platform. As a result, platforms that used Coinbase to process Bitcoin payments had to upgrade their systems.
Reddit bitcoin bottom said the Reddit team was busy with its redesign at the time that Coinbase made the change. Redditwhich hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO Reddit bitcoin bottom. After the removal back in March, an admin for the site wrote:.
The upcoming Coinbase change, combined with reddit bitcoin bottom bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option.
The decision was reddit bitcoin bottom given that Reddit is one of the prominent online crypto hubs. The platform began accepting Bitcoin payments in Februarybecoming one of the first online services to do so. Users of the site could pay for a Gold membership subscription using the cryptocurrency. The website is a useful resource for the crypto community, hosting information on relevant industry happenings. The Bitcoin subreddit has k subscribers while the cryptocurrency subreddit has k subscribers.
Reddit wants to add more cryptocurrency payment options besides Bitcoin. Reddit bitcoin bottom asked whether the platform would consider other crypto payment options, Slowe said:. We have been looking at other cryptocurrencies. We are looking at Ethereum and Litecoin that are provided by Coinbase as well. The social media platform has not given any concrete timeframe for when it will resume accepting Bitcoin payments. The migration of old merchants onto the new Coinbase Commerce platform continues till the end of May, reddit bitcoin bottom chances are more information will be released after that.
What do you think about Reddit restoring Bitcoin payments? What other cryptos apart from Litecoin and Ethereum should Reddit add reddit bitcoin bottom their crypto payment support?
Let us know in the comments below. Bringing Back Bitcoin Support According to Slowe, the online discussion and news aggregation platform is working to restore Bitcoin reddit bitcoin bottom. Leave a Reply Cancel reply Your email address will not be published.