It has been just over a month since Reddit stopped supporting Bitcoin, and the company is back in news, having reversed their previous stance and doubled down on cryptocurrency. Chief Technology Officer Chris Slow said Bitcoin was banned in March because of Coinbase’s migration to a new platform, but that ongoing changes in site should allow for cryptocurrency payments.
“We just basically didn’t have time to upgrade our current API integration,” said Slow. “Once the redesign finishes landing and we’re actually able to address it again, I think we’ll actually see crypto payments come back.”
He did not specify a timeline as to when when cryptocurrency payments would be accepted on Reddit, but he did mention that once the site becomes crypto friendly, they will look to expand beyond Bitcoin to Litecoin and Ethereum.
Migration of past Coinbase merchants to the new platform will be an ongoing process through May 31. There has been no indication by Slow that they plan to drop Coinbase. Reddit was one of the earliest gathering spots for Bitcoin enthusiasts, back when Bitcoin traded for just a few pennies.
