P2P Foundation

Researching, documenting and promoting peer to peer practices


Featured Book

The Social Lives of Networked Teens


Book Store



Admin

Subscribe

Translate

WordPress.com starts taking payment in Bitcoin

photo of Franco Iacomella

Franco Iacomella
5th December 2012


Source: Jeff Blagdon

WordPress.com, the popular blogging platform / content management system is expanding its payment options for upgrades like going ad-free. Beginning today, users around the world will be able to pay with Bitcoin — the unregulated, decentralized digital currency built on public-key cryptography. Explaining its decision, the company noted that PayPal currently blocks access from over 60 countries, and that many credit card companies have similar restrictions, whether because of politics, fraud, or other reasons.

WordPress.com says that its Bitcoin payments will be handled by BitPay.com and that there is no need to wait for confirmation since the transaction risk is “already acceptably low.” And while Bitcoin famously doesn’t permit refunds (because of the possibility for fraud), WordPress says it will still honor its refund policy, working with BitPay to get unhappy customers their money back.

Clarification: It’s WordPress.com, the web hosting service run by Automattic, and not the free WordPress software platform that underpins it, that has begun taking payment in Bitcoin.

FacebookTwitterGoogle+RedditShare

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>