OKWave, the largest Q&A site in Japan with more than 40 million monthly visitors, has announced that the company will integrate bitcoin to allow its users to either tip each other or incentivize its users using bitcoin.
OKWave’s blogpost read, “Until now, you could only leave thanks in the comments under your favourite answers, now you can send your gratitude with bitcoin.”
The company uploaded a screenshot of the tipping program that has implemented a voting system like Reddit, in which users can up-vote and down-vote content and get paid in bitcoin for highly rated content.
The tipping system itself is very similar to the recently launched Taringa! Creadores, a tipping initiative developed by Argentina’s largest social media platform Taringa!, which started to enable its users to receive incentive via bitcoin. Since June, Taringa! Has seen a more than 40 percent spike in content creation, which may have influenced the Japanese Q&A site to introduce bitcoin to its users.
The bitcoin integration of OKWave’s new tipping system marks the second major bitcoin deal since Rakuten, the largest Japanese e-commerce store, began to accept bitcoin earlier this year. Although the company has not announced its partner payment processing platform, it is highly likely that the company will be advised by Bitcoin angel investor Roger Ver, who was one of the first to mention the news on the July 7.
Joseph is a web developer and designer, writer and a passionate musician who loves to travel. He has worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.