Feeds

Wordpress to accept Bitcoin without confirmations

Blog platform says there's low risk in unapproved transactions

The Essential Guide to IT Transformation

Automattic, the company behind blogging platform WordPress.com ,has decided it will accept payment for some services through Bitcoin, the controversial open source currency.

Wordpress is proudly free, but Automattic offers some paid services like custom design. Those services, code wrangler Amdy Skelton says in a blog post, aren't available to everyone because of “because of limits on traditional payment networks” such as the fact that “PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions.”

“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,” Skelton adds.

Bitpay.com is Automattic's bit bank of choice.

Intriguingly, the company will offer Bitcoin payments without waiting for 'confirmations', a method Bitcoin uses to verify transactions that relies on other participants in the Bitcoin network recording the transaction and passing news of it to other participants. Many services insist on multiple confirmations before allowing a transaction, but as Skelton's post notes that takes time and makes for a less-than-satisfying experience.

“Making you wait for confirmations would virtually eliminate our risk,” Skelton writes, “but we’re confident that with digital products like ours the risk is already acceptably low.” That's presumably because if a transaction goes sour, Automattic can simply tick the box to withdraw the upgrade that it has been 'paid' for.

Automattic will also work around another 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 writes. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.