Time Magazine to accept crypto payments for digital subscriptions

Working with Crypto.com, a leading digital currency platform, Time is now accepting one-time crypto payments for its 18-month digital subscription. Users who choose to pay with Crypto.org Coin, or CRO, will receive up to 10% cash back on their purchase. The digital plan is worth $ 49.

The option to pay with cryptocurrency is currently only available in the United States and Canada, with a global rollout scheduled for July 2021.

Keith Grossman, Time’s president, said the partnership with Crypto.com represents further innovations that allow its publication to build on the existing community of 2.3 million subscribers.

Bharat Krish, Time’s chief technology officer, described the cryptocurrency-as-a-payment option as the ‘next stage in Time’s ongoing digital transformation’ and is the latest example of how Time is embracing new technologies to deliver innovative products and offerings. build for all members of our community. “

Time magazine has quickly embraced digital assets this year, having only recently auctioned three non-interchangeable token covers based on the now famous “Is God Dead?” design from April 8, 1966. For the cover of April 5, 2021, Time asked, “Is Fiat Dead?” in respect of state-supported paper currencies.

Crypto.com is a leading proponent of digital currency payments, giving users significant discounts for paying with its own CRO tokens. The company has also launched a line of Visa prepaid cards that reward users with cash back rewards paid with CRO tokens.

Time Magazine, the popular US news publication first released in 1923, now accepts cryptocurrencies as a form of payment, providing yet another convincing sign that adoption of digital assets is on the rise.