Wordpress has another way to get your coin. Bitcoin

Fri, 16th November 2012, 12:19

Automattic, the company behind the widely used content management system and blogging platform WordPress, has announced that it will accept payment for some of its services using the open source currency Bitcoin. Although Wordpress itself is free, Automattic offers the paid version of the service sans the adverts or with the freedom to implement custom designs. Because of limits imposed by traditional payment networks, these paid services were not accessible by everyone

Amdy Skelton says in a blog post

PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them. 

Bitcoin is the experimental new digital currency that enables instant payments to anyone, anywhere in the world. By using peer-to-peer technology, Bitcoin operates with no central authority: managing transactions and issuing money are carried out collectively by the network. Merchants who accept Bitcoin payments can do business with anyone.

Some technical glitches have precluded the availability of some products using Bitcoin. This includes domain names, and themes not purchased in bundles. Automattic says the decision was made to go now with what they have because this launch is about enabling people. Bitcoin should be accepted for all purchases within two or three months.

Automattic will also accept Bitcoin payments without waiting for confirmations, the annoying method Bitcoin uses to verify transactions. Many services insist on multiple confirmations before allowing a transaction. As Skelton notes in his post 

We could wait for the first confirmation (typically 5-10 minutes) but we prefer to make the customer experience as smooth as possible. Making you wait for confirmations would virtually eliminate our risk but we’re confident that with digital products like ours the risk is already acceptably low. 

Acceptably low because as is the case with most web hosting companies, Automattic can suspend upgrades with relative ease if the payment fails!

Automattic will also work around another of Bitcoin feature, namely its dislike of issuing refunds. "If a refund is granted on a purchase made with BTC we will work with BitPay to issue a refund in BTC"  Skelton wrote.