People Magazine is reporting that the Bitcoin blockchain, a decentralized online ledger, is becoming the new currency of choice among the most popular online news organizations.
The magazine, which is owned by News Corp, said in a report that it is using blockchain technology to process payment, news content, and business transactions on the news platform.
The digital currency was created in 2009 as an alternative to conventional money, but it has been steadily gaining in popularity.
It’s value has surged in the past year as Bitcoin prices have more than doubled.
The news organization said it has already been using blockchain to process $1 billion in payments in the last year.
“Blockchain technology is a new and innovative way of recording and storing data, allowing companies to verify and control their business operations on the blockchain,” said Michael Kiley, chief digital officer of People Magazine.
“It allows us to deliver more transparency and accountability, while also allowing us to securely and securely store information and data for long periods of time.”
The technology allows for a system of virtual currencies, such as Bitcoin, to be exchanged among a group of trusted parties.
It allows for companies to set up an online database of all their customers’ transactions, and the data can be linked to the users account on the site.
The system also provides a way for individuals to receive payment in exchange for digital goods, like news articles, merchandise, or services, through the blockchain.
The technology is also being used by financial institutions and news publishers to create new products and services.
“The news media is a valuable part of the economy,” Kiley said.
“We believe that the use of blockchain technology is helping to bring the world’s information into the 21st century.”