TIME, an American news magazine and news website, will now accept apecoin (APE) for digital subscriptions, the magazine said in a tweet post. Although it remains unclear how exactly TIME plans to support payments in APE, the 99-year-old magazine wants to start accepting the altcoin in the coming weeks.
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The move comes after the team behind the Bored Ape Yacht Club (BAYC) collection launched a token for culture, gaming, and commerce as part of the BAYC ecosystem. The token is managed by a decentralized organization called ApeCoin DAO, where any owner of the token can become a member.
In November 2021, TIME started accepting and hodling ether (ETH) on its balance sheet. Cryptocurrency firm Galaxy Digital also acts as an assistant in explaining the metaverse trend for the magazine.
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