Time Magazine, published since 1923, will now accept payments for digital subscriptions in cryptocurrency through its new partnership with Crypto.com.
- Readers who pay for their subscriptions using cryptocurrency will receive unlimited access to Time.com for 18 months, including special events and offerings for subscribers.
- Cryptocurrency is currently a payment option for subscribers only in the U.S. and Canada, but Time is planning an international expansion of the option in the coming months.
- Subscribers who pay using CRO, Crypto.org’s coin, will get Pay Rewards of up to 10% back from Crypto.com.
- Time is also partnering with digital currency asset manager Grayscale Investments to produce a video series on cryptocurrency, through which the media company will be paid in bitcoin and hold it on its balance sheet, Grayscale CEO Michael Sonnenshein tweeted last week. (Grayscale is a CoinDesk sister company.)
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