Once Bitcoin adopter, Reddit stopped accepting payments with the largest digital currency.
The social media platform, last week disabled the option to pay with Bitcoin. “Yup that’s right. The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option,” emoney04, Reddit board administrator, wrote.
The move suggests that some merchants may disable Bitcoin payments and highlights how Bitcoin continues to struggle to gain mass adoption for payments.
Coinbase Commerce will allow merchants to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments. Commerce platform Shopify, which was already accepting Bitcoin, is one of the first to start using the service.
Emoney04, the board administrator, said Reddit will also watch demand for Bitcoin payments before deciding whether to re-enable the service. Reddit had started accepting Bitcoin payments for its Reddit Gold membership in 2013.Trade now