Founded in 1948, the Chicago Sun-Times has come a long way through varies eras of technological advancements. Announced today, the Chicago Sun-Times will be embracing the full potential power of Bitcoins. Partnering up with Bitwall, on February 1st, a pay-wall will be put up, allowing online readers to either donate Bitcoins, or tweet about the article and event.
With a daily readership of 450,000, and being the 9th largest newspaper in the U.S, Bitcoin donations will surely follow. This is less than a week after Overstock announced they will accept Bitcoins as a form of payment on their online website, racking up $130,000 in sales through Bitcoins in just the first twenty-four hours.
“The Chicago Sun-Times is showing its technological leadership by being the first major newspaper to adopt a social paywall and Bitcoin-powered monetization strategy. Bitcoin is an innovative technology well suited to online monetization,” said Bitwall CEO Nic Meliones. Jim Kirk, editor and Chief of the Chicago Sun-Times, said, “We continue to experiment and test new technologies that we believe engage our readers and look forward to being the first major USA newspaper to test a Bitcoin-based paywall”