BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

FTX Partners with Reddit for Crypto Payments

by BlockNews Team
August 11, 2022
in BUSINESS, CRYPTO
Reading Time: 2 mins read
A A
1
SHARES
18
VIEWS
Share on XShare in TelegramShare on Reddit

Social media forum Reddit recently announced a partnership with the crypto platform FTX. According to FTX, Reddit will soon integrate Reddit Community Points (RCP) into the crypto app. Here is a collaboration that members from the r/cryptocurrency subreddit will like.

Reddit will soon include an FTX Pay option to unlock crypto-exclusive RCP perks. Arbitrum (one of the top Ethereum scaling solutions) founded the RCP.

Users can use FTX Pay to purchase ETH. Additionally, a user can spend the coin to pay the network fees for RCP transactions and further gas costs.

The feature will soon become available for Redditors in the US, EU, and Australia. FTX and Reddit Utilize Blockchain to the Fullest.

According to FTX’s Sam Bankman-Fried, his company is dedicated to bringing power to online communities (such as subreddits) to make the most out of blockchain technology. Hence the partnership with Reddit.

Alexis Ohanian, Reddit co-founder, funded $100 million for Web3 investments. Then, he revealed another $200 million investment for social media projects in collaboration with Polygon.

Companies including Google Cloud, Consensys, and QuickNode joined the “Data Availability Committee” by Arbitrum Nova. The announcement happened after the Arbitrum Nova Chain reveal by Off-chain Labs. The companies consider this chain the optimal solution for Web3 gaming and social media applications.

The joint partnership between FTX and Reddit could evolve forums into more rewarding platforms for the active users and biggest contributors.


Twitter and Meta have both been very open when it comes to blockchain integration. The social media giants have already begun testing NFT inclusion with profile pics and short Reel videos. While the public still feels alienated by Web3 features, the slow adoption of blockchain may naturally come with the users.

A streamlined experience is needed for Web3 to work with the mainstream communities. Once the users get comfortable with blockchain features, that is when money flows in for the investors.

Tags: cryptoFTXreddit
TweetShareShare
Previous Post

Another Hack: Beanstalk Farms Suffers a $182 Million Breach

Next Post

DeRace Game Review

DON'T MISS THESE! HOT OFF THE PRESS

Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Load More

Related News

Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.