Love & Bitcoin: OkCupid First Online Dating Site to Accept BTC
OkCupid, one of the world’s most popular dating sites, will now introduce Bitcoin to millions of people who have yet to hear of it. Bitcoiners can now pay for a list of functions at the OKCupid website, such as PM’ing individuals with priority messages.
On Tuesday, despite Bitcoin’s recent correction, OKCupid announced its acceptance of the digital currency for users wanting to pay for the site’s bonus features. The popular, free dating site boasts approximately 4 million active users, and will now become on the world’s largest websites accepting Bitcoin.
OkCupid users hold the option pay on average $12 per month for access to “A-List” extra options such as browsing other profiles anonymously. The real price will be denominated in dollars and will be adjusted for Bitcoin users to reflect currency exchange rates, as determined by Coinbase.
Sam Yagan,a Ok Cupid founder, told Ars that OKCupid has only received about a “dozen requests from users to pay in Bitcoin.”
“Our plan is to liquidate our holdings daily and turn them into US dollars,” Yagan said. “There’s an open question as to how much liquidity there is. I think there’s going to be a tremendous amount of volatility. One of the reasons why we want to be early in the mix is so we can learn.”
Yagan himself holds bitcoins, but he characterized them as a “relatively modest amount.”
“I’m not doing it as an investment,” he said. “I have enough in there to settle wagers and buy stuff. I’m not crazy enough to hold Bitcoin as an investment strategy.”