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- Andreessen Horowitz-backed content platform Substack will begin accepting bitcoin as a payment method for certain crypto posts using the OpenNode payment processor.
- Currently, only two posts on the platform accept bitcoin, although Substack said this was just a “start.”
- Substack will accept bitcoin both on-chain and through the Lightning network.
Andreessen Horowitz-backed content platform Substack will begin accepting bitcoin as a payment method for certain crypto posts using the OpenNode payment processor.
OpenNode announced Monday that the Substack platform has integrated its API to offer bitcoin payments and payments on the online publishing platform. Readers can pay for Substack subscriptions in bitcoin, and writers and other independent publishers can receive subscription payments in bitcoin.
Currently, only two Substack publications – Willy Woo’s newsletter, The Bitcoin Forecast and Dan Held’s The Held Report – accept bitcoin, Ryan Flowers, OpenNode’s marketing manager, told Insider.
Held confirmed to Insider that he would accept payment for subscriptions, saying he appreciated the responsiveness of Substack management to listening to their requests.
“We are philosophically aligned with the use of Bitcoin payments because… Bitcoin is inherently cross-border, peer-to-peer and censorship resistant, allowing publishers to achieve a greater degree of freedom + independence,” said one representative of Substack. Insider in an email. “We are delighted to present this option, even on a small scale to begin with.”
Substack will accept bitcoin both on-chain and through the Lightning network.
Substack is backed by leading investors including Andreessen Horowitz, also known as a16z, and Y Combinator.
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