OpenNode, an industry-leading Bitcoin payment processor, announced that Substack, an online publishing platform with over 500,000 paying subscribers, has integrated their Bitcoin API to offer Bitcoin payments on the online publishing platform. OpenNode will power both on-chain and Lightning Network Bitcoin payments.
Working together, OpenNode and Substack are starting by making instant, low cost payments available to a select group of crypto-focused publications. Readers will be able to use Bitcoin to pay for subscriptions to these select publications, and the publications will retain earnings in Bitcoin.
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“We’re excited to be working with OpenNode to enable independent publishers on Substack to accept crypto payments,” said Nick Inzucchi, product designer at Substack. “Having this option will give writers more flexibility and freedom, and we look forward to doing more in crypto to meet writers’ needs.”
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“Our partnership will allow content creators across the Substack ecosystem to accept Bitcoin payments, and retain earnings in Bitcoin or convert to preferred currency. Writers and podcasters have flocked to Substack to regain creative and financial freedom, and Bitcoin is a natural fit,” said João Almeida, Co-founder & CTO at OpenNode.
