Coinbase Adds Another Seven States to USD Wallet Service

Coinbase has announced that its USD wallet service is now available in another seven states: Alabama, Iowa, Kansas, Mississippi, New Hampshire, New York and North Dakota. The service is now supported in 22 states plus Puerto Rico, and there are plans to expand further.

Customers need to have their identity verified to use the service, which is intended to allow users to instantly buy bitcoin straight from their USD wallet balance, instead of having to wait for a bank transfer to clear. Previously, the only other method of instant purchase was through credit card, for which Coinbase charges a fee.

It is possible that the feature will pay bigger dividends as part of a larger future strategy for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. Namely, the company has 1.9 million users, according to published stats. While these users joined for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term purposes, the new feature may soon allow them to make instant, no-fee dollar transfers amongst each other. For Coinbase, this is simply an internal accounting exercise–just like inter-user bitcoin transfers. They have already overcome the onerous hurdle of becoming licensed as money transmitters in multiple states.