The 9th most popular newspaper in the United States — the Chicago Sun-Times — will reportedly trial a bitcoin paywall for a 24-hour period on February 1st, making the publication the first major news media outlet to do so.
Readers of the publication will be prompted to either donation bitcoin or tweet in support of the Taproot Foundation (a non-profit that offers a number of marketing and management services to other non-profits) in order to gain access to the Sun-Times content.
It’s all coming together with a partnership with BitWall, the San Francisco-based start-up that builds bitcoin paywalls and helps publications monetize their content.
“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,” says BitWall CEO Nic Meliones. “Bitcoin is an innovative technology well suited to online monetization.”
According to Jim Kirk, publisher and editor-in-chief at the Sun-Times, the publication looks to “continue to experiment and test new technologies that we believe engage [their] readers and look forward to being the first major USA newspaper to test a Bitcoin-based paywall.”