Bitcoin News

TechCrunch’s Drew Olanoff (@Drew) had the scoop on Reddit’s announcement that they were accepting bitcoins as payment when its users purchase Reddit Gold.  Excerpts:

“Social discovery and discussion site Reddit has just launched an integration that allows its users to pay for ‘Reddit Gold’ using bitcoin with Coinbase’s system.”
-
“By buying Reddit Gold, you can add features to your account like comment highlighting and shutting off ads.”
-
“Brian Armstrong, Coinbase’s CEO, [shared] about the launch: ‘This is a large step forward for Bitcoin and for Coinbase, as Reddit is a top 100 site in the U.S. and top 200 site internationally. […] We had a number of other merchants start using our merchant tools recently, including 4Chan, web hosting companies, productivity app, and plenty of sites accepting donations.’”
-
“[Coinbase] says it has 30,000 users and is processing 40,000 bitcoin payments a month.”

 - http://tcrn.ch/12lHkxR
 - http://bit.ly/Z0AjgZ (Announcement/blog post on Reddit)
 - http://bitcointalk.org/index.php?topic=144102.0 (Further discussion of this development)

All News - Daily E-mail Subscription - Twitter: @BitcoinNews