Reddit Partners With Cryptocurrency Exchange FTX For ‘Easier Spending’ For Users

One of the most popular social media in the digital world. redditpopular cryptocurrency exchange FTX announced that they have partnered with Reddit and FTX’s partnership includes the integration of FTX Pay, a payment and conversion management tool, into Reddit’s Community Points feature.

To summarize for those who don’t know; Community Pointsare digital badges on the ETH blockchain that allow ‘some’ Reddit users to differentiate themselves from other users, introduced in 2020. These badges not only appear next to their users’ names, but also provide them with various benefits such as special memberships and votes within the community. While Community Points are currently only available for use in two Reddit subreddits, it will be possible to redeem them across all topics in the future.

Reddit wants to make Community Points a feature anyone can use

Since Community Points are located on the Ethereum blockchain, using them incurs transaction fees for every transaction. Thanks to the FTX partnership, Reddit users can directly convert their own currency into ETH Community Points are becoming a much more accessible feature even for users who are not interested in cryptocurrencies.

In summary, Reddit wanted to make the feature more accessible before Community Points became available to everyone, which is where FTX came to the rescue of the platform. Once the integration is complete and Community Points are publicly available Buy ETH directly in Reddit with TLs on your debit card You can start using community points. Of course you may need to use dollars instead of TL…

FTX CEO Sam Bankman-Fried said in a statement on the subject. communities can harness the power of blockchain technology He stated that they would like to collaborate with Reddit on his behalf. Of course, we won’t see how the communities will respond to this partnership until integration is complete.