Coinbase incentivizes Bitcoin users identification

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 users that enter their identification details will be rewarded with immediate transaction – no four day delay.

Something new has arisen for Bitcoin users: those who would like to reach “level 2” status will be required to enter personal identification details, at which point, the purchase and sale of 50 bitcoins at a time and immediate payment transaction will be possible. Those users who remain at “level 1” will be restricted to a lower value of purchase and sale per time and will have to wait four days for fund conversion.

While much of the attractiveness of Bitcoin has been in its anonymity, pressure has been placed on Bitcoin and other such alternative payment methods to make changes that will counter illegitimate business, hence the introduction of “level 2”.

A Bitcoin blog encourages users to see it as a positive movement and one from which they will gain: “There are only a few seconds between you and more Bitcoin. By the time you finish reading this sentence, someone will have converted dollars into BTC instantly using Coinbase. You can do the same, so try it out now.”