Reddit’s cryptocurrency engineer, Ryan X Charles, has caused a stir with his proposal to implement bitcoin on the platform.

Under username ‘ryancarnated’, the developer revealed how he aims to enable peer-to-peer payments on Reddit, but for the time being he describes the service as a “proof of concept”.

The implementation would allow users to register their bitcoin address and receive payment from other users.

“People already use Reddit for a bunch of commerce-related [things]. Making this easier and integrated could be really valuable,” said Charles.

reddit-bitcoin-implementation

The Reddit thread on which the proof of concept was announced has already attracted hundreds of comments, mostly positive, and offering suggestions for extra features such as escrow.

Users who frequent r/bitcoin are no strangers to experimentation. A couple of months ago, the subreddit experienced a ChangeTip tipping frenzy.

Charles says his bitcoin implementation still has some way to go before the community could use it, however.

Image via Reddit

Read more about...

RedditPaymentsP2PNews
Disclaimer Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.