Bitcoin, a virtual form of currency, has known its share of controversy – mainly around being used for illicit activities. But now the cyber-currency has gotten a much needed boost in legitimacy, with WordPress.com accepting it as a form of payment just like PayPal or credit cards. This allows users from all over the world to pay for premium WordPress.com services, even if their countries are blocked by PayPal or if they’re under other credit restrictions.
Powered by Bitcoin payment processor BitPay, the WordPress Bitcoin payment interface is straightforward and easy to use, putting Bitcoin alongside other mainstream payment mechanisms.
While Bitcoin adoption rates amongst consumers are far behind PayPal (not to mention traditional credit cards), this move goes a long way towards democratizing access to WordPress’s premium tools and leveling the playing field for bloggers and writers from developing countries. In other words, if you live in a developed country and have no problems with PayPal, this may not make much of a difference to you – but for users with no PayPal or credit card access, being able to pay via Bitcoin can make a significant difference. With this move, WordPress joins many other web hosting services who already accept Bitcoin, and becomes one of the fledgling virtual currency’s most high-profile supporters.