Press coverage on the internet Initium media announced that its digital media platform now accepts cryptocurrencies as payment for subscriptions to its membership services.
According to an official statement issued recently, the digital media platform announced that it had entered into a partnership with Coinbase Commerce, whose parent company is Coinbase, and had become the first Chinese language media agency to use a cryptocurrency retail payment platform for membership subscription.
Members can subscribe to or renew their membership using a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, DAI, USDC, and Dogecoin, among others. Members can also subscribe to or renew their membership using fiat currency. others digital cryptocurrencies,
“We received feedback from the readers concerning the privacy of transactions or the limitation of internet access; Initium Media hopes to provide and offer convenient, safe payment options to readers through the virtual cryptocurrency system,” the media said.
“We continue to explore more payment methods and enhance product experience to our readers and audiences,” Initium Media added.
It was the beginning of August when Initium Media celebrated its sixth anniversary. Hong Kong-based Chinese online press that primarily covered cross-strait regional news and was known for its in-depth investigation coverage across Asia was the source of the information presented.
As a result of recent geopolitical or Chinese national security-related legal challenges experienced in this former British colony city.
The digital press platform recently announced that it would relocate its headquarters from Hong Kong to Singapore, without acknowledging or denying their decisions, and despite the fact that Hong Kong’s ranking on the press freedom index has fallen.
It is becoming increasingly popular to use virtual subscriptions. The New York-based online publishing platform Substack has announced on Monday, August 23, that it will begin accepting Bitcoin as a payment method for its publications.
Substack has partnered with the Bitcoin payment processor company OpenNode to make this announcement. Because of the payment system’s on-chain payment networks, it has more than 500 thousand subscribers.
TIME Magazine began accepting Bitcoin and 31 other cryptocurrencies as payment for its digital subscriptions in April. In order to make this possible, TIME teamed up with Crypto.com.
