Reddit Drops Bitcoin Payment Option For 'Gold' Membership

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 subreddit that the only available payment methods for the service are credit cards and PayPal, whereas previously people were able to pay for gold using bitcoin.

 

A Saturday post 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 Coinbase Commerce, which will enable "merchants to accept multiple cryptocurrencies directly into a user-controlled wallet."

 

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