Quote
Reddit to accept bitcoin for premium service
The site follows WordPress in accepting the virtual currency for payments
Jeremy Kirk
2013-01-15
http://www.networkworld.com/news/2013/021513-reddit-to-accept-bitcoin-for-266747.html
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The popular social-news site Reddit said it will now accept bitcoins, following blogging platform WordPress in embracing the four-year-old virtual currency.
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The virtual currency is looking increasingly attractive to online merchants, who run the risk of incurring a "chargeback" by banks if someone fraudulently makes a purchase with someone else's credit card details. Due to its cryptographic verification system, bitcoins cannot be fraudulently spent, which relieves merchants of chargeback worries.
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WordPress announced in November that it would accept bitcoins, opening up some of the blogging platform's paid-for features to people in countries not supported by credit card companies and PayPal.
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The site follows WordPress in accepting the virtual currency for payments
Jeremy Kirk
2013-01-15
http://www.networkworld.com/news/2013/021513-reddit-to-accept-bitcoin-for-266747.html
...
The popular social-news site Reddit said it will now accept bitcoins, following blogging platform WordPress in embracing the four-year-old virtual currency.
...
The virtual currency is looking increasingly attractive to online merchants, who run the risk of incurring a "chargeback" by banks if someone fraudulently makes a purchase with someone else's credit card details. Due to its cryptographic verification system, bitcoins cannot be fraudulently spent, which relieves merchants of chargeback worries.
...
WordPress announced in November that it would accept bitcoins, opening up some of the blogging platform's paid-for features to people in countries not supported by credit card companies and PayPal.
...