In an official announcement Time Magazine shared to its users that it will start accepting cryptocurrency as a form of payment from its users. Time Magazine will be enabling its users to purchase digital subscription of the magazine using Bitcoin and Other cryptocurrencies.
Through a recent partnership with Crypto.com Time Magazine will begin accepting cryptocurrency as a form of payment for its digital subscription. To encourage subscribers, Time Magazine has also offered unlimited access to content across Time.com for 18 months with their one-time purchase, as well as subscriber-only events and offerings, to customers paying with cryptocurrency.
Time Magazine is amongst the oldest and Globally recognized media company with a Global Media Brand recognized by over 100 million audience around the world. Being a company which values deepening understanding of ideas and events that define our time, by entering cryptocurrency space, the company has certainly taken a transformative step.
The magazine’s collaboration with Crypto.com and its decision to accept cryptocurrency will be instrumental in making cryptocurrency an acceptable and trusted form of payment.
Time’s CTO Bharat Krish shared, “TIME’s rapid digital transformation on behalf of our community is the result of our commitment to embracing new technologies and working closely with innovative companies.”
Following the announcement, users in the U.S. and Canada will be able to purchase the digital subscription using cryptocurrency. The global roll-out is planned for months to come. Joining the likes of MicroStrategy and Tesla Time Magazine will be holding received BTC in its Balance sheet.
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