Social Network in Latin America Offers Bitcoin Payments for Content

Facebook rival in Latin America, Taringa!, announced that it would be offering bitcoin payments in exchangefor content to be posted on the social media platform. The social network has roughly 75 million active users and is expanding its market reach in the region.
This project combines an ad revenue-sharing model similar to that of YouTube and its owners decided to give incentives to those who share content. The system was developed in partnership with Xapo, a Palo Alto, California-based bitcoin wallet and custodial service provider.
Bitcoin Payments for Posts
According to Taringa! co-founder Hernn Botbol, the company had planned on introducing a revenue-sharing model. This way, they can add to the existing, non-financial incentive system that encourages popular content and help his firm achieve rapid network growth.

This post was published at NewsBTC on Apr 22, 2015.