Twitch Doubles Down on Crypto, Gives Subscribers 10% Discount
By offering a discount, video-streaming platform Twitch is encouraging users to use cryptocurrencies for goods and services.
Twitch is giving subscribers a 10% discount if they pay using cryptocurrencies.
- The Amazon-owned company announced the deal on Saturday; users can pay in bitcoin, ether, bitcoin cash, XRP, USDC, GUSD, PAX or BUSD.
- A live-streaming platform popular with video gamers, Twitch had around 3.8 million broadcasters in Q1 2020 and around 1.44 million concurrent users as of March 2020.
- Twitch introduced a cryptocurrency payment option in 2014 but quietly removed it in Q1 2019; it was brought back in June.
- Offering a discount suggests the platform is encouraging its subscribers to use cryptocurrencies for goods and services rather than just as a speculative investment.
- The company uses U.S.-based BitPay to process its crypto payments.
See also: YouTube Seeks to Dismiss Ripple Lawsuit Over XRP Giveaway Scams
UPDATE (July 28, 18:45 UTC): Removed erroneous reference to litecoin, which is not accepted for the promotion; added five currencies that are.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
