Social media website Reddit is no longer accepting bitcoin as payment for its Reddit Gold membership program.
On Friday, users began commenting in the /r/BTC that the only available payment methods for the are credit cards and PayPal, whereas previously people were able to pay for gold using bitcoin.
A Saturday in the same forum attributed to Reddit administrator “emoney04” explained that the change was due in part to Coinbase’s decision to discontinue their Merchant Tool product in favor of , which will enable “merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.”
The administrator went on to explain:
“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.”
They also indicated that Reddit has yet to decide if it will reintroduce crypto payments after Coinbase implements its new Commerce service.
“We’re going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to reenable,” the administrator said.
As previously reported by , Reddit first started accepting bitcoin in its now-defunct merchandise store, RedditMarket, in 2015.
Reddit via Shutterstock
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Published at Tue, 27 Mar 2018 18:30:27 +0000
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