Feeds

Wordpress to accept Bitcoin without confirmations

Blog platform says there's low risk in unapproved transactions

Build a business case: developing custom apps

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. ®

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
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.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.