Wordpress Now Accept Bitcoin Payment ~ Social Media Frontiers

19/11/2012

Wordpress Now Accept Bitcoin Payment

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Home to 57 million blogs worldwide, Wordpress are the latest company to begin utilising the digital currency, Bitcoin. As a way of paying for features on their site such as blog upgrades and custom designs, Bitcoin can help those unable to use other payment options.

Wordpress.com is a free blogging service built on Wordpress’ open source software. The currency will provide a payment option in places and countries where more wordpress1mainstream methods of payment may not be available.

A news release from Wordpress.com said that due to many reasons, a lot of users have restricted access to all of the site’s features.

“We don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.”


“Bitcoin is a digital currency that enables instant payments over the internet. Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network.

Merchants who accept Bitcoin payments can do business with anyone.”



The legitimacy of Bitcoin has gathered momentum recently. In August, the co-founder of Bitcoin transfer service BitInstant, Charlie Shrem, announced plans to make a debit card that will work in all places that accept MasterCard. The cards will have your Bitcoin details on the front and back so that you can send coins directly to the card.

Social news website Reddit made news earlier this week by announcing that they are considering Bitcoin as a form of payment for Reddit Gold, a premium service filled with new features.

What do you make of Bitcoin as a source of alternative currency? Do you think this can help Wordpress as a business?

Let us know in the comments below or via Twitter.
 

Daniel Barr

Follow us @SocialMediaF & @DanielAtSMF

www.socialmediafrontiers.com