When it comes to getting the word about Bitcoin out there, it is important people are able to use this digital currency through services and platforms they already know. Vimeo is a very popular video-on-demand platform, and they are looking at ways to integrate Bitcoin payments into their platform.
A tweet posted by Vimeo’s Director of Engineering Kevin Sweeney hinted at the possibility of using Bitcoin to pay for movie rentals in the future. He did stress however that integrating Bitcoin payments into Vimeo “comes with a lot of red tape that we are still working out.”
As you would come to expect, Bitcoin payment processors are more than glad to aid Vimeo through this process. BitPay was the first company to jump on this opportunity, by tweeting “When you are ready, we want to help make this happen!”
Vimeo joins a long list of big brand name merchants accepting Bitcoin as a payment. Joining the likes of Overstock.com, Expedia, Dish Network and Paypal , to name a few, it seems to be only a matter of time until digital currencies become a globally accepted payment method.
If this deal goes through, Vimeo would be the first major online video-on-demand platform to integrate Bitcoin payments, getting a leg up over competitors like Youtube and Vudu. Another major “video” platform, Twitch.tv, recently joined the club of platforms accepting Bitcoin payments as well.
Vimeo is a U.S.-based video-sharing website on which users can upload, share and view videos. The company was founded in November 2004. As of December 2013, Vimeo attracts over 100 million unique visitors per month and more than 22 million registered users. Vimeo On Demand, which was launched in March 2013, is a digital distribution platform designed to help creators sell their films and video series.