Time Magazine Joins Tesla Camp, Prepares To Put Bitcoin On Its Balance Sheet

How many years are there in a hundred years of life, think of the beautiful scenery on a good day, and rest in vain (It was only a matter of TIME).

Time Magazine, one of the world's most recognizable publications, will now accept some payments in Bitcoin, Grayscale CEO Michael Sonnenshein said, Decrypt reported on April 13. What's more, unlike what some companies do, it doesn't immediately convert received cryptocurrency to fiat.

The "Time" magazine NFT with V God as the cover has been launched on Ethereum and has been put on OpenSea: On March 24th, the "Time" NFT with V God as the cover has been launched on Ethereum, and after the airdrop is completed, it has been put on the shelves OpenSea. The publisher stated that this is the first decentralized magazine issued in the form of NFT, and NFT holders can read the full magazine interactively. [2022/3/24 14:15:34]

Sonnenshein tweeted today:

ZB market researcher: "Time" magazine now accepts digital currency payment subscription: Recently, "Time" weekly official website confirmed that "Time" magazine, which has more than 100 million audiences around the world, accepts Bitcoin and other cryptocurrencies as digital subscriptions.

The news took a lot of pressure off the crypto markets after last week’s sell-off. Dogecoin bucked the trend and led the crypto market to recover from the trough. Last week, the market value of cryptocurrencies rose to an intraday high of 2.092 trillion U.S. dollars. After a small turmoil in the encryption market, the current global market value is 1.79 trillion U.S. dollars.

Yesterday, small-scale panic selling by retail investors, the opening price of Bitcoin was $56145.37, the highest quotation in 24 hours was $57234, and the lowest quotation was $53748.

In addition, the report also made a one-week technical analysis on DOGE and EOS. For more details, please refer to the official research report released by ZB. [2021/4/20 20:40:18]

Time magazine president Grossman retweeted the news and tweeted his blessing for the partnership.

Time Magazine Partners with Crypto.com on Crypto Payment Subscription: Time Magazine has partnered with digital currency platform Crypto.com to now accept one-time crypto payments in its 18-month digital subscription. Users who choose to pay with CRO will receive up to 10% cashback on a digital subscription valued at $49. The payment option is currently only available in the US and Canada, with a global rollout planned for July 2021. According to previous news, according to the statement of Grayscale CEO Michael Sonnenshein, the US "Time Magazine" is cooperating with Grayscale to produce a video series introducing the cryptocurrency field, which will be released this summer. As part of the agreement, Time Magazine agreed to accept bitcoin for payment and to include bitcoin on its balance sheet. (Cointelegraph) [2021/4/19 20:36:56]

Grayscale, a cryptocurrency asset manager, holds more than 3% of all bitcoins in circulation through its Grayscale Bitcoin Trust. No further details have been disclosed about the company's partnership with Time Magazine.

Time magazine would not be the first non-cryptocurrency company to put bitcoin on its balance sheet. Cloud software company MicroStrategy and payment processing company Square have pioneered this approach. Earlier this year, electric car maker Tesla purchased $1.5 billion worth of bitcoin. The company announced in a filing with the U.S. Securities and Exchange Commission (SEC) that it may keep the bitcoins customers pay for cars. The company has since confirmed the strategy.

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