Reddit Stops Bitcoin Payment Support

Ali Raza

Some Redditors may be dismayed to learn that they will no longer be able to purchase Reddit Gold with Bitcoin payments. The popular link sharing and discussion board site discontinued its Bitcoin payment service in response to recent changes in the Bitcoin payment processing infrastructure.

The transactions were managed by Coinbase, who has recently announced a new arm of the business, Coinbase Commerce, that has been plagued with lacklustre reviews.

According to Reddit, this change within Coinbase, coupled with some bugs that users encountered when buying Gold with Bitcoin, has led them to drop the payment service. Reddit says that it will review whether or not to reactivate the service at a later date. The site will take
user demand for the payment service into account. 

Reddit is a major space for the crypto community to discuss the crypto markets and often breaking stories will be found on Reddit before anywhere else.

Since the company opened in 2005, it has garnered millions of users. As of June 2015, the total number of accounts was around 36 million.

Reddit Gold is a token by which users can access paid content, and reward each other for insightful, humorous, or simply awesome discussion. Reddit Gold costs $4 a month, or thirty bucks a year. General membership is free, and subreddits vary in topic from pictures of owls being awesome to cryptocurrency info to educational platforms and celebrity discussions.

When Reddit teamed up with Coinbase to offer the Bitcoin payment system in 2013, they did so with the hope of reaching and including users. Removing the payment option could be viewed unfavourably by users of crypto-related subs.

/r/Darknetmarkets Banned

Another move that might upset the crypto faithful is that Reddit has banned /r/Darknetmarkets. That sub was a space where users could discuss the ability and potential to purchase things anonymously online.

According to Reddit moderators, the subreddit violates their user agreement terms surrounding the propagation of information and transactions related to illegal goods. Items that fall under that policy includes drugs, sexual services, firearms, forged documents and stolen property, among others.

As other social media giants outright ban crypto ads and offerings, Reddit’s behaviour is not surprising, and may even be indicative of a softer policy on crypto than other companies are exhibiting. For now, subs /r/cryptocurrency and /r/blockchain and /r/Bitcoin are still alive and well.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.