The top publishing service WordPress.com was one of the first global companies to accept the non-governmental cryptocurrency Bitcoin as a payment method for different upgrades, including ad-free interface and custom design. WordPress.com serves as an online publishing and blog platform for Bloomberg, The New York Times, CNN, Reuters, Mashable, TED, General Motors, eBay, UPS and Volkswagen. This publishing company supports nearly 58 million sites that generate about 32 million new posts each month in 120 different languages.
The banking system is far from being perfect and many international businesses suffer from high transaction fees and often unreasoned chargeback. WordPress spokesperson Andy Skelton strongly disapproves of centralised banking system and the payment methods available to the general pubic. He believes in Bitcoins as a highly potential cryptocurrency that creates numerous opportunities for businesses around the world. According to Mr. Skelton, “Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network. Merchants who accept Bitcoin payments can do business with anyone.”
Skelton is convinced that individuals in Haiti, Ethiopia or Kenya should not be deprived of access to the blogosphere due to political reasons or other payment difficulties they cannot influence. The spokesman says, “PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions”.
Since 2012 WordPress has been receiving payments for service upgrades through payment service provider BitPay Inc. located in Orlando, Florida. BitPay immediately converts and transfers the funds into WordPress bank account making it possible for WordPress to avoid the hustle of handling actual payments and at the same time minimises the currency risks. As Mr. Skelton points it out, the goal of WordPress is “to enable people, not block them”.