The popular online newsletter platform Substack is now accepting Bitcoin payments for some of its content.
OpenNode, a BTC payment processor, is teaming up with Substack to enable the payments, which can happen on-chain and through the Lightning Network.
Substack is backed by crypto-friendly venture capital giant Andreessen Horowitz, with the platform publishing work from numerous popular voices in the digital asset space, including Bitcoin bull Anthony Pompliano and on-chain analyst Willy Woo.
Substack is starting off by making Bitcoin payments only available to “a select group of crypto-focused publications,” according to an OpenNode press release.
However, Bitcoin payment access could be expanded to other parts of the platform if this “early experiment” goes well, according to Substack.
Note: This option is not yet available to all publishers.
We are looking forward to exploring broader availability based on the feedback and demand from these early experiments.
— Substack (@SubstackInc) August 23, 2021
The publishing platform, which has more than 500,000 paying subscribers, may continue to do more in the crypto space in the future, explains Nick Inzucchi, a product designer at Substack.
“Having this option will give writers more flexibility and freedom, and we look forward to doing more in crypto to meet writers’ needs.”
João Almeida, co-founder and CTO at OpenNode, says Bitcoin payments are a “natural fit” for the writers and podcasters who seek more creative and financial freedom through Substack’s independent platform.
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