Twitch now accepting BTC and Coinbase for payments

Janica San Juan 15 January 2018 NEWS


The game streaming service is taking up the cryptocurrency cause once again.

Twitch, the Amazon-owned video game streaming service, is now allowing subscribers to pay for its services using cryptocurrency.

Twitch confirmed the plans in a tweet on its official account last week, listing BTC and Coinbase amongst the payment options it accepts. "Put those gift cards from grandma to good use by subscribing to your favorite streamer!" the tweet read.

The move opens up other cryptocurrencies for Twitch as well. LTC, ETH and Bitcoin Cash, which are available for trading on Coinbase, will also be accepted for Twitch subscription payments.

Other more conventional payment options accepted by Twitch include PayPal, Apple Pay, Visa and Skrill. Twitch is expected to expand its presence in Australia this year, with the planned rollout of Amazon Prime also likely to see Twitch Prime finally became available to Australians, more than a year after its launch.

Twitch has experimented with allowing cryptocurrency payments in the past. In 2014, it partnered with gaming payments service provider Xsolla. Using the Xsolla network, Twitch customers were able to support their favourite gamers and streamers by making bitcoin payments. However, the option disappeared after the Xsolla development team eliminated bitcoin from its payment network.

Twitch's support for cryptocurrencies makes it somewhat of an outlier in the gaming community. Both Microsoft and Steam have stopped accepting bitcoin payments.

Real-world options for making payments using bitcoin and other cryptocurrencies remain relatively limited. We've rounded up a comprehensive listing of ATMs and shops in Australia that support bitcoin.

In one strange recent example, KFC Canada launched a "Bitcoin Bucket" which could only be paid for in cryptocurrency. The limited-time offer sold out, but there's been no suggestion yet that KFC Australia will follow suit.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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