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The Bit Heard Round the World? WordPress Begins Accepting Bitcoin

Friday, November 16, 2012 3:10

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WordPress, the modern equivalent of the Gutenberg press, has announced that it will accept Bitcoin for upgrades. Now, without the use of PayPal or credit cards, users of WordPress, which has lit the philosophical and journalism movements on fire with its ease of use for website administration and blogging. Is, essentially, the dominant financial system is at risk of losing the Internet? Now, the WordPress sphere denominates value in BTC, and not only fiat.

WordPress uses BitPay.com for exchanges, rates and pricing. Bitcoin cannot be used for each WordPress product, however according to the WordPress announcement, all purchases will feature a BTC payment option by February. WordPress Press Release:

At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ad-free or enabling custom design) because of limits on traditional payment networks.

Today, that changes: you can now buy WordPress.com upgrades with bitcoins.

PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.

Bitcoin is a digital currency that enables instant payments over the internet. Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network. Merchants who accept Bitcoin payments can do business with anyone.

If you think about, this will create a bond between the two – BTC and WP – that makes both systems rival some of the most technologically advanced breakthroughs in popular culture, such as telecommunications via Skype, Linux and others.

The post The Bit Heard Round the World? WordPress Begins Accepting Bitcoin appeared first on Silver Vigilante.

2012-11-16 03:00:11

Source: http://silvervigilante.com/wordpress-accepts-bitcoin/

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