Criticizing the veikkaus latvia slovakia centralized bankcard associations and citing payment method deficiencies, WordPress spokesperson Andy Skelton poker odds holdem calculator said, "Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network.
"Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons.Whatever the reason, we dont think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they cant control." Note: m updated their original blog post which mentioned Cuba and Iraq.Companies doing business and accepting payments globally are subject to increasing fees and sometimes arbitrary chargebacks which no doubt impact their bottom line.It also powers the blog platform for The New York Times, CNN, Reuters, Mashable, NBC Sports, GigaOm, TechCrunch, elle Girl, RealClearPolitics, TED, National Football League, General Motors, UPS, eBay, Sony, and Volkswagen.WordPress would probably not even mind if a large chunk of their mainstream payment processing migrated to bitcoin.As one bitcoin forum member articulated, merchants will increasingly be asked: "What's your Bitcoin strategy?BitPay shields WordPress from having to handle actual payments by immediately converting and transferring sales proceeds into a WordPress merchant bank account.Org powers our online publishing platform.Many bloggers that operate in restrictive regimes do so using pseudonyms for their own protection, and traditional payment methods like credit cards and PayPal are unusable for those bloggers because they expose the payers physical identity." With user-defined anonymity and identity privacy, bitcoin offers unparalleled.Merchants who accept Bitcoin payments can do business with anyone." And thus the planet becomes immediately open to their products and services.Not only does this strategic move bring new unserved customers into the WordPress fold, it paves the way for the online publishing platform run by parent company.This minimizes the currency risk for the accepting merchant.Reddit is a subsidiary of Condé Nast's parent company, Advance Publications.Over.8 million WordPress sites are written in 120 different languages creating nearly 32 million new user posts each month.WordPress may not stand as the lone giant for very long since Reddit CEO Yishan Wong hinted last week at the social news site's willingness to begin transacting in Bitcoin for Reddit Gold subscriptions.
Vitalik Buterin of, bitcoin Magazine brings up an equally significant reason for accepting payment in Bitcoin, "Another argument which WordPress did not mention is anonymity.
An important configurable option also allows the merchant to retain Bitcoin balances for their own account and subsequent usage.
Then I remembered that WordPress.
As the bitcoin juggernaut continues to roll forward absorbing merchants and customers globally it leaves archaic and unsuspecting payment methods in its wake.
Although WordPress states that they are not waiting for a sufficient number of confirmations from the bitcoin block chain, it is largely irrelevant for e-services since upgrades can simply be deactivated or reversed due to a failed payment.
Leading web publishing service m announced that they will begin accepting the nonpolitical cryptographic money Bitcoin as a payment method for various upgrades.
Initially, processing will be managed by payment service provider BitPay, Inc.Best CEO Toni Schneider in 2007 (Photo credit: Lisa Brewster).Automattic not to be restricted by the choices of its payment partners.I awoke to incredible news this morning."PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions continued Skelton.Point of no return?The government legalises casinos.Reddit is a subsidiary of, condé Nast s parent company, Advance Publications.Great news let s hope reddit takes the same path and that wikipedia and eff are soon to follow.