Reddit to accept bitcoin for premium service

imagesThe popular social-news site Reddit said it will now accept bitcoins, following blogging platform WordPress in embracing the four-year-old virtual currency.

Reddit, which lets users submit and vote on popular Web content, already uses PayPal and Google Wallet for its “Gold” service, which gives users a range of editing tools and an option to turn off advertisements. The Gold service costs US$3.99 a month or $29.99 a year.

Accepting bitcoin will allow the site to take payments from anywhere in the world, according to Reddit’s blog.

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