Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Time Magazine will start accepting payments for digital subscriptions in Apecoin(APE) in the coming weeks.
This is according to an announcement by the New York-based news magazine on Sunday, three days after Yuga Labs, creators of the Bored Ape Yacht Club debuted ApeCoin to fuel transactions within ApeDAO.
Last year, the magazine started accepting subscription payments in Bitcoin and other cryptocurrencies including Dogecoin, XRP, and Ethereum after launching a new Web3 community initiative for TIME dubbed âTIMEpiecesâ.
At the time, Keith Grossman, TIME president stated that the publication aimed at providing consumers with a âfrictionless, user-friendly NFT approach to purchase collectibles, subscriptions, and âunique accessâ to TIMEâs content.â
âOur job is to make sure that our consumers access our world-class content regardless of medium, whether itâs print, or digital, or video, and regardless of how they wish to pay for it, whether it is in cash or credit or crypto,â Grossman was quoted stating.
The publication which aims at covering developments in the crypto- ecosystem including NFTs, De-Fi, and the Metaverse has been making inroads in the blockchain sector after auctioning its first NFT on SuperRare, the famous bold titled âIs Fiat Deadâ publication in March 2021.
In the recent past, the publication has particularly been paying more attention to NFTs, launching an initiative dubbed âProject Câ which is being spearheaded by notable characters such as Anthony Pompliano, Mark Cuban, and Guy Oseary to oversee the evolution of NFTs. This also perhaps explains its choice of APE as a payment option given that Yuga Labs seems like itâs the leading voice of NFTs in the world.
Last week, Time Magazine also launched its first-ever digital NFT magazine titled âThe Prince of Crypto Has Concernsâ, with Vitalik Buterin as the cover, marking one of the most important steps into the blockchain sector yet.
With the explosion of the crypto-ecosystem, global brands and notably, publications have been onboarding various sectors including NFTs, Metaverse or purchasing cryptocurrencies at an unprecedented rate as they count on massive opportunities in the long term. Forbes has also recently launched a special coverage sector for âcrypto & blockchainâ with others such as Associated Press (AP) launching an NFT photography marketplace earlier this year.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.