The online press, Initium media, announced that their digital media platform has accepted cryptocurrencies to pay for membership subscriptions.

In the official statement released recently, the digital media platform said that the platform has joined the partnership with Coinbase Commerce, the Parent company is Coinbase, making it the first Chinese language media agency to use a retail crypto payment platform for membership subscription.

Members can subscribe or renew their membership through various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, DAI, USDC, and Dogecoin. other digital crypto

“We have received feedback from readers regarding the privacy of transactions or the restriction of Internet access; Initium Media hopes to provide readers with convenient and secure payment options the virtual cryptocurrency system“Said the media. “We continue to explore more payment methods and improve the product experience for our readers and audiences,” added Initium Media.

Initium Media celebrated its sixth birthday at the beginning of August. The media was Hong Kong-based online Chinese press covering mostly regional cross-strait news and specializing in data-driven and in-depth investigation coverage across Asia.

However, the digital press platform recently announced that it is moving its base from Hong Kong to Singapore without recognizing or denying its decisions subject to recent geopolitical or Chinese national security-related legal challenges in this former British colony city, but gives the press ranking on the Freedom Index in Hong Kong is fallen.

Virtual subscriptions are becoming increasingly popular

Next to the The beginning of the middle, NSNew York-based online publishing platform Substack has announced on Monday, August 23rd, it will accept bitcoin as a payment method for its release by pairing with bitcoin payment processor company OpenNode. Over 500,000 subscribers benefit from the payment system through its on-chain payment networks.

In April, TIME Magazine also allowed readers to buy its digital subscriptions using Bitcoin and 31 cryptocurrencies. TIME has partnered with Crypto.com to facilitate the initiative.

Image source: Shutterstock

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