TIME news magazine has partnered with Crypto.com and now accepts cryptocurrency as a payment method for subscriptions.
An announcement on their website announced that users can now pay for digital subscriptions in cryptocurrency. One-time purchase gives subscribers unlimited access to TIME content for 18 months. It also allows them to access events and other privileges.
He also stated that Crypto.com will offer discounts of up to 10% for subscribers who choose to pay using CRO, Crypto.org Coin.
However, this is not a global presentation yet. The cryptocurrency payment option is currently available to subscribers in the United States and Canada. Users in other parts of the world will be able to use this option from July 2021.
In their partnership with Crypto.com, TIME magazine reportedly said they would allow them to develop pre-existing subscriber communities. Currently, the total number of subscribers is over 2 million.
TIME and Crypto
This move by TIME Magazine is not the first development in the field of crypto. In March, they joined the NFT trend by holding three exclusive cover auctions in digital format. The special edition covers featured the NFT version of one of the magazine’s most iconic. From the issue first published on April 8, 1966, “Is God Dead?” A cover with text only by the author.
The other two NFTs cover “Is the Truth Dead?” and “Is Fiat Dead?” respectively. The second was the first magazine cover designed as NFT only.
Forbes held a similar auction for an NFT cover on April 7th. The Japanese artist Yoshi Sodeoka’s NFT featured Michael Prince’s original cover art. The 24-hour event ended with the highest bid of $ 333,000. The proceeds of the auction went to both the Committee for Protecting Journalists (CPJ) and the International Women’s Media Foundation (IWMF).
In addition, the music magazine SPIN announced that it will publish the covers of NFT magazine on April 4th. It has been reported that rare photos, videos and signed limited edition covers will make up most of the collection. SPIN has been a digital only publication since 2012. That year, they stopped producing printed versions that had been published since 1985.