Reddit Reportedly Removes Bitcoin As Payment, Cites ‘Coinbase Change’
Coinbase posted on its Medium page in ancient March 2018 about Growing Coinbase Merchant Tools in place of Coinbase Commerce, which they acknowledged “could be more disruptive to Coinbase Merchant Tool clients” At April 30, retailers that employed Coinbase Merchant Tools doesn’t longer have access to this product, with May 31 because the final date for the necessary switch to Coinbase Commerce.
Reddit user BitcoinXio posted a movie of the actions to give a different user Reddit Gold, showing that the single payment options are PayPal and bank card.
“The forthcoming Coinbase change, combined with some bugs across the Bitcoin payment alternative that were impacting purchases for certain users, directed us to remove Bitcoin as a payment alternative.”
Some Reddit users around the ribbon commented that they were not using BTC to cover for Reddit Gold anyhow, due to the large transaction fees. Nonetheless, in February BTC transaction fees dipped under the cost of both Bitcoin Cash (BCH) charges, which had been one of the main talking points of BTC’s competitions.
User emoney40 also stated that adding BTC back as a payment alternative is not a guarantee:
Reddit has removed the option for users to cover their premium membership program, Reddit Gold, in Bitcoin (BTC) mentioning an “forthcoming Coinbase change”, as reported by a Reddit place in subreddit /r/btc printed March 23.
“We’re going to take a look at need and observe the development of Coinbase Commerce prior to making a decision on whether to reenable.”
Reddit Reportedly Removes Bitcoin As Payment, Cites ‘Coinbase Change’ - April 2024
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