Substack has more than 500,000 paid subscribers, but Bitcoin funds will first be on hand to “a take dangle of community of crypto-centered publications.”
An integration with charge processor OpenNode will enable content platform Substack to rating Bitcoin (BTC) funds on-chain and employ the Lightning Community.
In a Monday announcement, OpenNode said it had partnered with Substack “to produce it easy for writers and publications to receives a charge in Bitcoin.” In accordance to OpenNode and Substack, the combination will superb be on hand to “a take dangle of community of crypto-centered publications” on the platform.
The publishing platform, which permits writers to send their work on to readers, has more than 500,000 paid subscribers, with essentially the most approved writers reportedly earning more than six figures yearly. The take dangle of Substack readers will be in a put aside to pay for his or her subscriptions in Bitcoin, with sure publications allowed to pick out their earnings in crypto as effectively.
Substack product designer Sever Inzucch hinted that the platform might doubtless maybe also later lengthen its crypto charge providing to other writers so as to present them “more flexibility and freedom.” A series of noted figures in the crypto web page currently post the employ of Substack, including analyst Willy Woo and Kraken development lead Dan Held.
Founded in 2017, Substack is backed by enterprise capital companies Andreessen Horowitz, Y Combinator, Fifty Years and others. After a March funding round led by Andreessen Horowitz, the platform reportedly has a valuation of roughly $650 million.
