Substack, an online content platform through which writers can make money from subscriptions, has integrated bitcoin as a payment option.
The option is currently available only „to a select group of crypto-focused publications,” a Substack spokesperson told The Block, adding: „We’re looking forward to exploring broader availability depending on feedback and demand.”
The crypto-focused publications with the bitcoin acceptance option include those from Willy Woo and Dan Held, an OpenNode spokesperson told The Block. Substack has partnered with OpenNode, a bitcoin payments processor, for the initiative.
„We’re excited to introduce this option, even at a small scale to start,” the Substack spokesperson said. „Bitcoin payments are fast, convenient, and secure, with low fees. We use the Lightning Network for transactions, [which are] even faster than credit cards.”
Substack will accept bitcoin both on-chain and via the Lightning Network, which is designed to make small amounts of bitcoin
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