Reddit Disabled Bitcoin Payment Option for Gold Membership

It’s official. No more Bitcoin payments are available for premium membership program on Reddit. However, things may change in the near future.

The change was observed last week by a Reddit user. He or she was surprised to have been unable to appreciate an unknown user with a Reddit Gold subscription while using Bitcoin. This method is used to show the enthusiasm about the informative and useful posts that others offer.

Reddit is a popular forum and social media platform for the crypto industry and others. The first transaction with Bitcoin on Reddit was completed in February 2013. During that time, the value for 1 BTC was under $25, and Coinbase was the platform that enjoyed over $ 1 million in Bitcoin in crypto transactions.

According to Reddit, “reddit gold is our premium membership program. It grants you access to extra features to improve your reddit experience. It also makes you really quite dapper.” Among the main features, we have identified the following ones: the option to turn off ads, to change your reddit theme, to create a custom reddit alien avatar, to change comment highlighting, to remember what links you’ve visited, to create your own secret society, to gain more comments, to categorize saved post and comments and others.

At the moment, users are able only to purchase Reddit Gold with PayPal and credit cards.

Source: Reddit

The Reddit admin @emoney04 has explained that many reasons were the basis for this decision, and one of them is the launch of a new crypto platform by Coinbase.

“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”, according to the admin.

Coinbase has announced last month about its new project. Coinbase Commerce allows traders to use the cryptocurrencies they prefer, being stored on a wallet controlled only by merchants. That’s why, some of businesses, that don’t show a high rate of crypto payments, may decide to eliminate this option.

“We’re going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to reenable”, added admin @emoney04.

The opinions about this decision are shared, respectively, some users expressed their positive views in the comments, while others the negative ones. Where do you fit?