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Internet giant Reddit set to allow cryptocurrency tipping
Reddit, one of the top 20 internet sites in the world, will soon allow tipping via cryptocurrency. According to a report in Decrypt, Reddit users will be able to tip one another using the Basic Attention Token (BAT.)
BAT is affiliated with the Brave browser, which allows users to be compensated with the token in return for viewing "privacy-respecting ads" in a scheme called Brave Rewards. Users can then opt to contribute to content creators who they frequent using these Brave Rewards.
Reddit is one of the largest cryptocurrency information and community gateways in the world. The Bitcoin subreddit has more than 1.1 million members and the CryptoCurrency subreddit has nearly 900K members.
The introduction of a cryptocurrency tip button on a site with 1.6 billion monthly visits and an audience that is crypto-friendly will be one of the largest mainstream tests to date of cryptocurrency as a means of payment.
