FTX Pay’s payment and exchange infrastructure integrates with Reddit Community Points

CHICAGO, August 9, 2022 /PRNewswire/ — FTX, a leading regulated cryptocurrency firm, today announced integration with Reddit’s Community Points in the US, EU, Australia, and other global markets. The partnership includes the integration of FTX Pay as a white label payment and exchange solution to help users integrate Community Points.

Reddit Community points are a measure of reputation in user communities. In subreddits, they’re displayed alongside usernames, so the biggest contributors to the community stand out from the crowd. Because Community Points are on the Arbitrum Nova blockchain, users can take their reputation to wherever they are recognized on the internet. The FTX Pay integration allows users to purchase Ether cryptocurrency from supported Reddit apps, which can then be used to pay blockchain network fees for their on-chain Community Points transactions.

Sam Bankman FriedFTX CEO commented on today’s news, “We are thrilled to partner with Reddit to continue their work to enable online communities to harness the power of blockchain. FTX Pay’s exchange integrates with Reddit Community Points, making the customer experience a seamless process.”

Niraj Shethsoftware engineer at Reddit, shared, “We are always working to empower communities and introduce new ways to use Reddit, and decentralized and autonomous blockchain technology allows us to do that. By working with FTX, we are able to do on a grand scale.”

About FTX US

FTX US is a regulated cryptocurrency exchange in the United States, built from the ground up. Its mission is for FTX US to grow the digital currency ecosystem, provide US and international traders with a platform that inspires loyalty, and become a market leader among regulated cryptocurrency exchanges in the US.

To learn more about FTX US, please visit: https://ftx.us/

Media Contact:

Jay Morakis
Group M Strategic Communications (for FTX and FTX US)
[email protected]

SOURCE FTX United States

About Matthew R. Dailey

Check Also

Musk can use $7.8 million Twitter whistleblower payout in his counterclaims: US Court

A tweet promoted about the Chinese city of Suzhou is displayed on a mobile phone …