The famous American magazine TIME takes a new step to delve further into the world of crypto currencies. On April 19, they announced an agreement with the Crypto.com exchange, which will allow readers to pay for the publication’s digital subscriptions with bitcoin (BTC) and other crypto currencies.
Part of the agreement with Crypto.com, provides that the digital subscription is for 18 months and that it will give access to events and exclusive offers from the magazine.
TIME readers who buy the magazine with CRO, Crypto.org’s crypto currency. , will receive up to a 10% refund of the amount paid, as reported in a TIME statement.
They also announced that the option of acquiring the magazine is only available for the United States and Canada. The global launch of bitcoin payments is scheduled for July 2021.
TIME’s chief technology officer, Bharat Krish, described the crypto currency payments option as the ‘next phase in’ TIME’s continuing digital transformation ‘and the latest example of how the company is embracing new technologies to create innovative products and offerings. For all members of his community.
In recent days, INA announced that the magazine, with 98 years of history, will receive its first payments in bitcoin, which will be incorporated into its balance, without being converted to fiat money.
Likewise, TIME teamed up with Grayscale for the production of a series of educational videos on crypto currencies, which will be broadcast in the coming months.
Companies in the world begin to use bitcoin as a payment method
Bitcoin as a payment method has not only reached TIME magazine. Also in other countries of the world, it has become increasingly recurrent, that companies from various sectors of the economy adopt the largest crypto currency on the market.
Such is the case of the multinational insurer AXA, which announced on April 15 in a statement that they enabled the option for their clients to pay their premiums with bitcoins within AXA Switzerland.
Similarly, in Venezuela, the largest satellite television operator in that nation, SimpleTV, announced that it now accepts payments with bitcoin and other crypto currencies, through the Crypto buyer payment gateway.
TIME magazine with covers in NFT format
Last March, the general information weekly in the United States also reported that it was entering the market for non-fungible tokens (NFT).
The TIME NFTs, as the tokens were called, would refer to very important covers for the history of the magazine that would be auctioned on the Ethereum-based platform, SuperRare.