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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.

By Paddy Baker

Updated Sep 14, 2021, 9:36 a.m. Published Jul 27, 2020, 8:59 a.m.

Twitch is giving subscribers a 10% discount if they pay using cryptocurrencies.

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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.

UPDATE (July 28, 18:45 UTC): Removed erroneous reference to litecoin, which is not accepted for the promotion; added five currencies that are.

Video Streaming Twitch CoinFlash

Paddy Baker

Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing.

Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.