Time magazine began accepting cryptocurrencies to pay for subscriptions - Bits Media

Famous American magazine Time, which currently has 2.3 Milln subscribers, reported, that he began to take bitcoins and other cryptocurrencies to pay for subscriptions.

To receive digital assets, the publication concluded a partnership with the Crypto.com platform. Pay So far, only residents of the United States and Canada can be cryptocurrency subscriptions, And readers from other countries will receive this opportunity "within a few months".

Crypto.com Pay was selected as a payment service, Therefore, you can pay for subscriptions BTC, ETH, XRP, Ltc и doge, as well as Defi Uniswap projects tokens, Ghost, Balancer и Compount. Subscribers will also receive crypto.com tokens called Cro in the amount 10% from the subscription amount.

Time will receive and store cryptocurrencies, Unlike most of such initiatives, where digital assets are converted into fiat currencies at the time of payment. Besides, The publication will release a number of new cryptocurrency videos together with Grayscale, for what will receive payment in bitcoins.

Recall, that at the end of March, the lead management of Time conducted an auction for the sale of three covers of the magazine in the form of non -replaceable tokens (NFT). For the released tokens, the publication received $435 000.