Process your first $1,000,000 of Bitcoin payments for free with Coinbase
1–10 of 56 posts
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#2Interesting development, but $1M seems a bit much.
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#3I wonder if adverse selection will apply where people will abuse this for high frequency transfers of some sort.
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#4Interesting development, but $1M seems a bit much.
If you want to make bitcoin really attractive to merchants, this might do it.
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#5I almost double checked if its not 1 April? How will they make money?
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#6Unfortunately until coinbase support non-US banks, we could only watch and sigh! :)
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#7I almost double checked if its not 1 April? How will they make money?
On the second million.
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#8I almost double checked if its not 1 April? How will they make money?
This appears to only be for merchant accounts. Personal trades will still have a fee.
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#9I almost double checked if its not 1 April? How will they make money?
The number of people using Bitcoin now is negligible, it may as well be 0. Coinbase is perfectly positioned to be a serious player if Bitcoin does achieve the lofty goals supporters are aiming for: Coinbase will make money hand over fist from personal users if that happens. 0% for merchants is Coinbase investing in the long term success of Bitcoin. The money they would make now from charging merchants is inconsequential compared to the money they will make long term if Bitcoin succeeds.
Re: Process your first $1,000,000 of Bitcoin payments for free with Coinbase
#10Coinbase is not instant like advertised, it's identity verification system to level 2(the one that is instant) is incorrect and I try it every day but it will not accept that the information I provide to prove my identity is correct, even though it is. So I'm stuck at level 1 for no reason,
Coinbase's main thing going with it is that they're the only competitor that seems to have not let the entire operation burn down(bitinstant).