Online forum Reddit has introduced a new way to accept cryptocurrency payments using Community Points. The platform has partnered with FTX, a popular crypto exchange to unlock new crypto-enabled perks for Reddit Community Points.
Reddit Community Points are a measure of reputation in users’ communities. In subreddits, they are displayed next to usernames, so the biggest community contributors stand out from the crowd. It should be noted that Community Points are on the Arbitrum Nova blockchain, so users can take their reputation anywhere they’re recognized on the Internet.
“We’re always working to empower communities and introduce new ways to use Reddit, and decentralized, self-sustaining blockchain technology allows us to do that. By working with FTX, we’re able to do this at scale,” said Niraj Sheth, Staff Software Engineer at Reddit.
The integration of FTX Pay with Reddit will now allow users to purchase Ether cryptocurrency from supported Reddit apps, which then can be used to...
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