VERY GOOD NEWS FOR CRYPTO – REDDIT CRYPTOCURRENCY PAYMENTS BACK ? – BULLISH

So, Reddit is reinstating crypto payments. But why is this VERY GOOD NEWS FOR CRYPTO ? Well, it will bring bitcoin, ethereum, litecoin and other coins to more communities. It would also improve the use case of crypto_currency . I think this could have a significant effect on prices. TLDR: reddit crypto payment are coming back!

EXCERPT: Reddit CTO Says Cryptocurrency Payments Will Return to the Social MediaPlatform

In an interview with the media outlet Cheddar, Chris Slowe, the CTO of Reddit explained the firm would be adding bitcoin core payments to the platform again. This will allow users to pay for premium membership called, Reddit Gold, with BTC. The company had previously removed the BTC payment option this past March stating the reason was due to a “Coinbase change” and only Paypal was accepted. During his interview with Cheddar, Chris Slowe says one of the reasons they dropped BTC was due to network transaction fees “being too large.”

Every Cryptocurrency in Existence Has a Community on Reddit
The Reddit CTO further stated that Coinbase was the main payment processing platform for Reddit, and the company recently revitalized its user interface and API. Slowe says the firm just didn’t have time to add the Coinbase API integration but they have been able to address the issue again. At the time the Reddit development team using Coinbase didn’t have access to other markets Slowe says, like Ethereum and Litecoin.

“We have some of the oldest cryptocurrencies forums online,” Slowe explains in his interview.

Like I remember when way back in the day maybe eight years ago when someone in the office found r/bitcoin, and I wondered what is a bitcoin? And why would I want to spend seven cents on one? It’s gotten a lot further along since then and the community and now every cryptocurrency in existence has a community on Reddit right now.”

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