Reddit Wants to Reintroduce Cryptocurrency Payments at Some Point, and Not Just Bitcoin

By Tom Pritchard on at

Back in March Reddit removed the option to pay for Reddit Gold with Bitcoin, citing changes to Coinbase's payment platform and users experiencing bugs as the reason. Now, though, Reddit's Chief Technology Officer Chris Slowe has suggested this move isn't permanent and more crypto options might arrive in the near future.

In an interview with Cheddar Slowe said that Bitcoin payments are likely to return to the site in future, with possible support for other cryptocurrencies. The only issue is that Reddit will have to wait until Coinbase redesigns its crypto payments service.

"They're doing a great job, a major revitalisation of their payment gateway, we just didn't have the time to upgrade our current API integration. Once the current redesign finishes landing and we are able to address it again, I think we'll see cryptocurrency payments come back."

He also confirmed that one of the reasons why Bitcoin was ditched was the high transaction fees, which weren't particularly user-friendly.

Slowe said that Coinbase's old tools were the reason why Reddit was only able to accept Bitcoin, but claimed there is a fix that would allow other cryptocurrency payments to be supported - including Ethereum and Litecoin which are supposedly under consideration. Once the issues are fixed, Slowe said the company would probably "jump back on and have more options available." [Cheddar via ZDNet]