Substack, sponsored by Andreessen Horowitz, will begin taking bitcoin as payment for specific crypto content.

Spotlight:

  • Substack, a content platform sponsored by Andreessen Horowitz, will begin accepting bitcoin as payment for certain crypto publications through payment processor OpenNode.
  • Only two articles on the platform currently take bitcoin, according to Substack, but this is only the beginning.
  • Substack shall accept bitcoin both on and off the blockchain, as well as over the Lightning Network.

Substack, a content platform sponsored by Andreessen Horowitz, will begin accepting bitcoin as payment for certain crypto publications through payment processor OpenNode.

On Monday, OpenNode announced that its API has been integrated into the Substack platform, allowing bitcoin payments and rewards on the online publishing platform. Subscriptions to Substack may be paid in bitcoin, and payments to writers and other independent producers can also be made in bitcoin.

According to Ryan Flowers, OpenNode’s head of marketing, just two Substack publications now take bitcoin: Willy Woo’s newsletter, The Bitcoin Forecast, and Dan Held’s The Held Report.

Hold confirmed that he will be taking money for memberships, thanking Substack leadership for their prompt response to his demands.

In an email to Insider, a Substack spokesperson said, “We are philosophically aligned with the use of Bitcoin payments because…Bitcoin is inherently cross-border, peer-to-peer, and censorship-resistant, empowering publishers to achieve a greater degree of freedom + independence,”. He added, “We’re excited to introduce this option, even at a small scale to start.”

Substack will accept bitcoin both on and off the blockchain, as well as over the Lightning Network.

Andreessen Horowitz, commonly known as a16z, and Y Combinator are among the investors that have supported Substack.