TIME magazine will start accepting ApeCoin for payment

TIME magazine readers will be able to purchase subscriptions for ApeCoin (APE) tokens.

In the coming weeks, TIME magazine will begin accepting ApeCoin tokens as payment for subscriptions. This was announced by the team of the magazine's Web3 initiative, TIMEPieces.

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

The developers of the NFT-project Bored Ape Yacht Club (BAYC) announced the release of ApeCoin token on March 17 and held an airdrop among NFT owners. The token is an asset of the BAYC ecosystem and can be paid for in the company’s projects and metaverses.

TIME magazine began accepting cryptocurrency as a means of paying for subscriptions back in April 2021. This information is from site CryptoDeFix. The magazine implemented this option in cooperation with Crypto.com payment system.