ApeCoin will soon be accepted for digital subscriptions by this nearly 100-year-old news publisher – Ethereum – US Dollar ($ETH)


News magazine and website Time Magazine said it will accept the newly launched Ethereum (CRYPTO:ETH)-based cryptocurrency ApeCoin (CRYPTO:APE) for digital subscriptions in the coming weeks.

Founded in 1923, What Happened: Time Magazine announced the move on Twitter on Sunday.

Congratulations to the ApeCoin DAO on the rollout of @ApeCoin & happy to announce that @TIME will accept $APE for digital subscriptions in the coming weeks at https://t.co/tiBU5fsE5B

— TIMEPiecesᵍᵐ (@timepieces) March 20, 2022

ApeCoin is a token launched Thursday by the decentralized organization ApeDAO and will be used for culture, gaming and commerce to build out the company’s Web3 efforts.

See Also: ApeCoin Launched: Here Are The Details And How To Get It

Why it matters: Time Magazine already accepts cryptocurrencies such as Bitcoin (CRYPTO:BTC) and Ethereum for subscription payments through a partnership with cryptocurrency financial services firm Crypto.com.

Time magazine’s non-fungible token (NFT) collection saw strong demand in the OpenSea market last September.

The news outlet announced in November 2021 that it will hold Ethereum on its balance sheet.

Time magazine called Tesla Inc. (NASDAQ:TSLA) CEO and Dogecoin (CRYPTO:DOGE) back Elon Musk in December 2021 as Person of the Year 2021.

Price Action: ApeCoin is down 13.3% in the last 24 hours, trading at $9.80 at the time of writing.

Read Next: ApeCoin Emerges as the Most Traded Cryptocurrency by Ethereum Whales


This post ApeCoin will soon be accepted for digital subscriptions by this nearly 100-year-old news publisher – Ethereum – US Dollar ($ETH) was original published at “https://www.benzinga.com/markets/cryptocurrency/22/03/26213759/apecoin-to-be-accepted-soon-for-digital-subscriptions-by-this-nearly-100-year-old-news-pub”

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