Time magazine said in a statement that for digital subscription payments ApeCoin announced that it would start accepting
Time Magazine To Accept ApeCoin As A Payment Method In The Coming Weeks
APE, an Ethereum-based token released by the founders of the Bored Ape Yacht Club NFT collection, will be accepted as payment in the coming weeks, according to Time magazine’s statement on Twitter. ApeCoin is described as a meme coin by some, including its developers.
Congrats to the ApeCoin DAO on the rollout of @ApeCoin & thrilled we can announce that @TIME will be accepting $APE for digital subscriptions in the coming weeks on https://t.co/tiBU5fsE5B ⏰❤️🍌🦍
— TIMEPiecesᵍᵐ ⏰ (@timepieces) March 20, 2022
Magazine last April bitcoin and between XRP, Ethereum and of dogecoin It made it possible to make digital subscription payments with other cryptocurrencies.
In addition, Time magazine auctioned some of their memorable covers as NFT a year ago. However, the company, which cooperated with Grayscale, agreed to keep Bitcoin on its balance sheet.
In December, the world-famous magazine declared Dogecoin advocate, famous businessman Elon Musk, the person of the year.
The magazine, which has a history of 98 years, agreed to publish an issue as NFT for the first time in its statement made a few days ago. Ethereum co-founder Vitalik Buterin will be on the cover of the issue. In the magazine, which gave a wide-ranging interview, the famous crypto money genius expressed his concerns about the crypto industry.
However, ApeCoin, which has made a name for itself, was distributed free of charge to Bored Ape Yacht Club owners as an airdrop on Thursday.
Altcoins In addition, it was listed on major cryptocurrency exchanges such as Binance and Coinbase directly on the day of its release. The meme coin, which hovered around $39.40 in the first hours of its listing, then dropped to $8.90.