Reddit has announced that its merchandise store, RedditMarket, is now accepting bitcoin.

will process users' payments on the platform, which sells a variety of Reddit paraphernalia, including a $142 plush toy of the site's mascot, Shoo.

Reddit's decision was well-received on Twitter, although some users expressed their wish for RedditMarket to accept other altcoins such as dogecoin.

When the announcement was posted on Reddit it attracted a positive response from seemingly excited bitcoin aficionados.

The news comes a couple of months after Reddit's cryptocurrency engineer, Ryan X Charles, was let go from his post after a brief four-month stint at the company.

Charles had made plans to enable peer-to-peer payments on Reddit, allowing users to register their bitcoin address and receive payments from others, however these were shelved following the resignation of CEO Yishan Wong.

It is unclear whether Reddit plans to pursue this functionality at a later date.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, 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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC