Just recently Reddit stated its intention to stop accepting for Bitcoin (BTC) for gold membership payments. The company’s chief technical officer Keyser Sosa cited high transaction fees and unstable Coinbase integration as the reasons behind the move.
Reddit has long been known as a popular place to hold discussions on all types of cryptocurrency, so the discontinuation of Bitcoin payments came as a disappointment to the community members. The company, however, announced its plans to return Bitcoin support. Perhaps the problems will be solved by utilizing SegWit and Lightning Network, which can reduce the transaction fees. Moreover, Reddit also revealed its plan to start accepting Litecoin and Ethereum, as these coins provide instant low-fee transactions and are already available on Coinbase.