Substack, a posting system, has actually introduced that it will certainly begin approving bitcoin repayments. An assimilation with the OpenNode settlement cpu will certainly allow the material system to approve BTC repayments on-chain as well as make use of the Lightning Network. Substack has more than 500,000 paid clients, yet bitcoin repayments will certainly be provided to “a choose team of crypto-focused magazines” in the meantime.
In an August 23 news, OpenNode claimed that it had actually partnered with Substack:
” to make it very easy for authors as well as magazines to earn money in Bitcoin.”
Based Upon Substack as well as OpenNode, the combination will certainly simply be readily available to a selected team of crypto-focused magazines on the system.
This posting system, which allows authors to send their job straight to the visitors, has more than 500k paid clients, with one of the most prominent authors supposedly gaining greater than 6 numbers annual. The selected Substack visitors can spend for their memberships in Bitcoin, with different magazines permitted to maintain their incomes in cryptocurrency as well.
The Substack item developer Nick Inzucch claimed that the system might later on increase its cryptocurrency settlement offerings to various other authors to offer them with even more adaptability as well as flexibility. Numerous noticeable numbers in the crypto market today release utilizing Substack, consisting of Sea serpent development lead Dan Held as well as distinguished expert Willy Woo.
Introduced in 2017, Substack is backed by equity capital companies Fifty Years, Y Combinator, Andreessen Horowitz, as well as numerous others. After a March 2021 financing round that was led by Andreessen Horowitz, Substack supposedly obtained an evaluation of almost $650 million.