An integration with cost processor OpenNode will permit content material platform Substack to just accept Bitcoin funds on-chain and utilizing the
An integration with cost processor OpenNode will permit content material platform Substack to just accept Bitcoin funds on-chain and utilizing the Lightning Community.
In a Monday announcement, OpenNode mentioned it had partnered with Substack “to make it simple for writers and publications to receives a commission in Bitcoin.” Based on OpenNode and Substack, the mixing will solely be out there to “a choose group of crypto-focused publications” on the platform.
The publishing platform, which permits writers to ship their work on to readers, has greater than 500,00zero paid subscribers, with the preferred writers reportedly incomes greater than six figures yearly. The choose Substack readers will be capable to pay for his or her subscriptions in Bitcoin (BTC), with sure publications allowed to maintain their earnings in crypto as properly.
Substack product designer Nick Inzucch hinted that the platform may later increase its crypto cost providing to different writers in an effort to provide them “extra flexibility and freedom.” Plenty of outstanding figures within the crypto house at the moment publish utilizing Substack, together with analyst Willy Woo and Kraken development lead Dan Held.
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Based in 2017, Substack is backed by enterprise capital corporations Andreessen Horowitz, Y Combinator, Fifty Years, and others. After a March funding spherical led by Andreesen Horowitz, the platform reportedly has a valuation of roughly $650 million.