Pay Another Way: Bitcoin (by wordpress.com)Submitted by haze on Thu, 11/15/2012 - 19:32
That's right Bitcoin is kicking ass and taking names despite all the nay-sayers. Wordpress.com, the 22nd globaly ranked website on alexa.com, has decided to accept bitcoins as payment for it's services fully endorsing all the qualities bitcoins have.
Read their press release http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitc... :
Pay Another Way: Bitcoin
At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ad-free or enabling custom design) because of limits on traditional payment networks.
Today, that changes: you can now buy WordPress.com upgrades with bitcoins.
PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Kenya, Haiti, Cuba, or Iraq should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.
Bitcoin is a digital currency that enables instant payments over the internet. Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network. Merchants who accept Bitcoin payments can do business with anyone.
Continue at the link above!
About wordpress.com: WordPress now powers 70 million sites, up from 35 million sites a year ago. Almost half of the biggest blogs in the world are hosted by WordPress.com or run on their own versions of the open-source WordPress platform. The company is profitable, and expects to bring in $45 million in revenue this year, according to CEO Toni Schneider and founder Matt Mullenweg.
Also have you read ex mises.org president Douglas French's opinion on Bitcoin?: http://www.dailypaul.com/263108/currencies-of-the-future-by-...
Free market in currencies baby!