The widespread on-line e-newsletter platform Substack is now accepting Bitcoin funds for a few of its content material.
OpenNode, a BTC cost processor, is teaming up with Substack to allow the funds, which may occur on-chain and thru the Lightning Network.
Substack is backed by crypto-friendly enterprise capital big Andreessen Horowitz, with the platform publishing work from quite a few widespread voices in the digital asset area, together with Bitcoin bull Anthony Pompliano and on-chain analyst Willy Woo.
Substack is beginning off by making Bitcoin funds solely obtainable to “a choose group of crypto-focused publications,” based on an OpenNode press release.
However, Bitcoin cost entry could possibly be expanded to different components of the platform if this “early experiment” goes properly, based on Substack.
Note: This possibility is just not but obtainable to all publishers.
We are wanting ahead to exploring broader availability primarily based on the suggestions and demand from these early experiments.
— Substack (@SubstackInc) August 23, 2021
The publishing platform, which has greater than 500,000 paying subscribers, might proceed to do extra in the crypto area in the longer term, explains Nick Inzucchi, a product designer at Substack.
“Having this selection will give writers extra flexibility and freedom, and we sit up for doing extra in crypto to fulfill writers’ wants.”
João Almeida, co-founder and CTO at OpenNode, says Bitcoin funds are a “pure match” for the writers and podcasters who search extra artistic and monetary freedom via Substack’s unbiased platform.
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