TIME Partners with Crypto.com to Offer Cryptocurrency as a Form of Payment for Digital Subscriptions
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Today, TIME will begin accepting cryptocurrency as a form of payment for digital subscriptions through a new partnership with Crypto.com.
Subscribers who elect to pay with cryptocurrency will receive unlimited access to content across Time.com for 18 months with their one-time purchase, as well as subscriber-only events and offerings. Currently, purchasing a subscription through cryptocurrency is only available in the U.S. and Canada, with global access to roll out in the next several months.
In support of the partnership, Crypto.com will offer Pay Rewards of up to 10% back for subscribers who elect to pay using CRO, the Crypto.org Coin.
TIME President Keith Grossman said:
“As TIME continues to innovate and find new ways to build upon our existing community of 2.3 million subscribers, we are proud to offer this new payment option through our partnership with Crypto.com.”
TIME Chief Technology Officer Bharat Krish said:
“We are thrilled to offer cryptocurrency as a payment option for our digital subscribers for the first time. TIME’s rapid digital transformation on behalf of our community is the result of our commitment to embracing new technologies and working closely with innovative companies like Crypto.com to bring our ideas to fruition.”
Kris Marszalek, co-founder and CEO of Crypto.com, said:
“We feel very fortunate to partner with TIME. Our mission is to accelerate the world’s transition to cryptocurrency and together with TIME we’ve just taken a major step forward towards reaching our goal.”
This announcement follows TIME’s recent expansion into the cryptocurrency space. In March, TIME offered an exclusive series of three TIME covers as non-fungible tokens at auction, including one of the most iconic covers in TIME’s 98-year history, and the first-ever cover designed exclusively as a NFT.
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About Time
TIME is a global media brand that reaches a combined audience of more than 100 million around the world. A trusted destination for reporting and insight, TIME’s mission is to tell the stories that matter most, to lead conversations that change the world and to deepen understanding of the ideas and events that define our time. With unparalleled access to the world’s most influential people, the immeasurable trust of consumers globally, an unrivaled power to convene, TIME is one of the world’s most recognizable media brands with renowned franchises that include the TIME100 Most Influential People, Person of the Year, Firsts, Best Inventions, World’s Greatest Places and premium events including the TIME100 Summit and Gala, TIME100 Health Summit, TIME100 Next and more.
About Crypto.com
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.
Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.
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