The famous magazine Time Magazine will accept crypto payments from its clients for their digital subscriptions.
For this to happen the media will partner with the fintech company Crypto.com. The readers who would like to have access to all of the information from the site can now pay with all cryptocurrencies supported by Crypto.com Pay. Some of them are Bitcoin, Ether, Dogecoin, XRP, and Litecoin, as well as DeFi tokens Uniswap, Aave, Balancer, and Compound.
The users who pay their subscription with Crypto.com’s native token CRO will be rewarded up to 10% back. This is part of the “Pay Rewards” program.
“As TIME continues to innovate and find new ways to build upon our existing community of 2.3 million subscribers, we are proud to offer this new payment option through our partnership with Crypto.com,” said Keith Grossman, president of TIME.
Last week, TIME announced its partnership with another crypto giant – Grayscale. The businesses are partnering on a new video series on the crypto space. The magazine will be paid in Bitcoin and added that it intends to hold the funds on its balance sheet.