Bitcoin Payment Option May Soon Come Back on Reddit Platform

Cryptocurrency Payments Coming Back to Reddit – Including ETH, BTC and LTC

Issues concerning high fees and problems with Coinbase API integration were responsible for the decision to stop accepting bitcoin payments.

Reddit wants to add more cryptocurrency payment options besides Bitcoin. Reddit is a popular news and discussion platform that represents itself a community where cryptocurrency enthusiasts have an opportunity to discuss the latest developments and prospects of the technology.

Another reason was "some bugs around the Bitcoin payment option that were affecting purchases". Nevertheless, in March Reddit team took a decision to disable Bitcoin as a payment method.

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Coinbase Commerce can be set up to allow businesses to accept Bitcoin, Litecoin, and Ethereum. Thus, the admins at Reddit elected to focus on the redesign efforts and drop bitcoin payment capability. It now seems the site is planning to bring back the Bitcoin payment option.

In a curious addition meanwhile, Christopher named the high Bitcoin network fees as another factor. Coinbase reportedly made changes to its API which required merchants looking to use its services for payment processing to upgrade their systems.

Reddit made a somewhat controversial decision when they removed the option to pay for Reddit Gold with Bitcoin. The Bitcoin subreddit has 817k subscribers while the cryptocurrency subreddit has 663k subscribers.

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These are the words of the co-founder of the very popular social news aggregator Reddit - Alexis Ohanian, who is pointing towards Ethereum for those that want to be part of the victor zone while recommending to look past Bitcoin [BTC] which is leading the crypto-list by market capitalization. Additionally, the firm aims to introduce support for other cryptocurrencies, including Ethereum and Litecoin.

Slowe said that they did so for a variety of reasons, ranging from Coinbase's payment platform revamp to rising bitcoin transaction fees to the fact that the company - which is now doing a complete website redesign - does not now have the time to upgrade its API to the new Coinbase merchant system.

Reddit co-founder, Alexis Ohanian, recently revealed his bullish sentiment regarding Ethereum's ether, saying that the cryptoasset will hit $15,000 by the end of 2018.

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