this post was submitted on 25 Sep 2023
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This is the best summary I could come up with:
Reddit announced a contributor program on Monday, which awards users actual, real money for their fake internet points.
Now, eligible users will be able to convert their Reddit gold and karma into fiat currency (no, not crypto), which is disbursed once per month.
So far, the Reddit contributor program is limited to users in the United States (to start, at least) who are over the age of 18 and can verify their identity via Persona and Stripe.
This feature was leaked about two months ago in Android Authority, when a reverse engineer found data about the program in an APK teardown.
To withdraw money, redditors need to earn at least 10 gold within a 30-day period — if they don’t reach the threshold, the balance rolls over.
Popular third-party apps like Apollo, Reddit is Fun, ReddPlanet and Sync have shut down after these changes.
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