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Reddit Will Re-Enable Bitcoin Payments

Reddit Will Re-Enable Bitcoin Payments

Cryptocurrencies are going to make a comeback on Reddit.

It is the biggest community where cryptocurrency enthusiasts meet and discuss the technology. The Bitcoin subreddit has 817K subs and the Cryptocurrency subreddit has over 668K subs. cryptoHowever back in March the platform disabled Bitcoin as a payment method for Reddit Gold after enabling it in February 2013.

Reddit had disabled Bitcoin as a payment method without prior notice, leaving users with the option to pay using PayPal and/or Credit Card. After the discovery made it to the first page of Bitcoin Subreddit, a Reddit admin responded to the removal. He claimed they had problems with Coinbase’s payment platform which led them to completely disabling the platform.

“The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option,” the administrator said.

Coinbase had made changes to Coinbase Commerce which allowed merchants to accept Bitcoin Payment and this change required merchants to make a significant upgrade. Reddit chose not to make the upgrade, disabling Bitcoin as a payment method.

Christopher Slowe, the CTO of Reddit revealed that they are working towards bringing back Bitcoin payments on their platform in an interview. He then 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, Christopher Slowe stated:

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

Christopher Slowe has not given a timeline on when Bitcoin will be back on the platform exactly but it is certainly happening in the near future.

Olé Crypto,
CBNN

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