Reddit to Re-Enable Bitcoin Payments, Ethereum and Litecoin Support Loading
Cryptocurrencies will be back on Reddit.
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It is the largest community where cryptocurrency enthusiasts meet and discuss the technology. The Bitcoin subreddit has 816K subscribers, and Cryptocurrency subreddit has over 663K subscribers. But back in March, the platform disabled Bitcoin as a payment method for Reddit Gold after enabling it in February 2013.
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Reddit had disabled Bitcoin as a payment method without prior notice, leaving customers with the option to pay using PayPal and Credit Card. But 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.
“Yup that’s right. 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 admin said.
When asked if they intend to accept Cryptocurrencies other than Bitcoin, Slowe said:
“We have been looking at other Cryptocurrencies. We are looking at Ethereum and Litecoin that are provided by Coinbase as well”.