Reddit Gold pulls bitcoin payment option
Reddit Gold is done with bitcoin.
The premium version of the online forum Reddit used to let you pay for an upgraded membership with the cryptocurrency, bitcoin. But in the past few days it looks like the ad-free version of the site isn't as gung-ho on the digital coin as it once was.
When I went to sign up Monday for a month of Reddit Gold I was given two payment options: PayPal or credit card.
A conversation two years ago in the "goldbenefits" sub-reddit conversation shows that bitcoin was an option at one point.
Now with bitcoin below $8,000, it looks like it's fallen out of favor on the message board site. Though, as Cointelegraph first reported, it looks like the decision was based on cryptocurrency exchange Coindesk changing its terms of its merchant service Coindesk Commerce.
To confirm this is the case we reached out to Reddit, who referred back to a Reddit admin's comments about the Coindesk changes and the slim chance that the cryptocurrency will return to the site.
The admin wrote over the weekend, "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."
So long, bitcoin.
Topics Bitcoin Cybersecurity Cryptocurrency Reddit
Sasha is a news writer at Mashable's San Francisco office. She's an SF native who went to UC Davis and later received her master's from the UC Berkeley Graduate School of Journalism. She's been reporting out of her hometown over the years at Bay City News (news wire), SFGate (the San Francisco Chronicle website), and even made it out of California to write for the Chicago Tribune. She's been described as a bookworm and a gym rat.
