TIME, the New York-based news magazine and publisher, has stated that APE would soon be accepted as payment for its digital subscription services. TIME has announced that its consumers will soon be able to pay for digital subscription services.
ApeCoin is a utility and governance token issued by the “Apecoin DAO” to holders of the ‘Bored Ape’ and ‘Mutant Ape’ NFTs. Since its release on March 17, APE has been the most traded NFT token among Ethereum whales.
TIME Magazine stated in April 2021 that it would accept BTC, XRP, ETH, and DOGE as payment for its digital subscription services. The new ApeCoin (APE) that was just made will also be able to be used to pay for things at the American news magazine.
TIME Magazine previously made an announcement that it will accept ApeCoin, and E11EVEN Residencies in Miami and SaltWater Brewery revealed their own plans to accept APE as payment for their products.
The founders of the Bored Ape Yacht Club, Yuga Labs, have also teased the launch of a metaverse powered by ApeCoin.