In Brief:
- Substack has started enabling Bitcoin payment – beginning with the select publications as a payment option.
- Substack backed by the notable investors, including Andreessen Horowitz, Y- Combinator, Fifty Years and others.
The publishing platform Substack discloses that the company is now accepting bitcoin payments utilizing payment processor OpenNode. OpenNode will power both on-chain and Lightning Network Bitcoin payments.
OpenNode said, “Substack has started enabling Bitcoin payment – beginning with the select publications as a payment option for those publications’ subscribers around the world.”
“We’re excited to be working with OpenNode to enable independent publishers on Substack to accepts crypto payments,” said Nick Inzucchi, product designer at Substack. “Having this option will give writers more flexibility and freedom, and we look forward to doing more in crypto as our users demand it.”
“Our partnership will allow content creators across the Substack ecosystem to accept Bitcoin payments, and retain earnings in Bitcoin or convert to preferred currency. Writers and podcasters have flocked to Substack to regain creative and financial freedom, and Bitcoin is a natural fit,” said João Almeida, Co-founder & CTO at OpenNode.
About Substack
The Online platform Substack, founded in 2017 based in San Francisco, builds a better future for writing. The website provides support for subscription newsletter services, and to date, Substack has over 500,000 paid subscribers. It provides publishing, payment, analytics, and design infrastructure to support independent publishers of subscription newsletters.
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The company’s mission is to help writers, artists, and other creatives solicit donations from people who love their work.
