Twitch Doubles Down on Crypto, Gives Subscribers 10% Discount
By offering a discount, video-streaming platform Twitch is encouraging users to use cryptocurrencies for goods and services.
Jul 27, 2020 at 8:59 a.m. UTCUpdated Aug 19, 2021 at 3:21 a.m. UTC
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Twitch is giving subscribers a 10% discount if they pay using cryptocurrencies.
- The Amazon-owned company announced the deal on Saturday; users can pay in bitcoin, ether, bitcoin cash, XRP, USDC, GUSD, PAX or BUSD.
- A live-streaming platform popular with video gamers, Twitch had around 3.8 million broadcasters in Q1 2020 and around 1.44 million concurrent users as of March 2020.
- Twitch introduced a cryptocurrency payment option in 2014 but quietly removed it in Q1 2019; it was brought back in June.
- Offering a discount suggests the platform is encouraging its subscribers to use cryptocurrencies for goods and services rather than just as a speculative investment.
- The company uses U.S.-based BitPay to process its crypto payments.
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UPDATE (July 28, 18:45 UTC): Removed erroneous reference to litecoin, which is not accepted for the promotion; added five currencies that are.
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