Coinbase Adds Bitcoin Payment Protocol For Safer Transactions
Bitcoin payments processor Coinbase has added support for the bitcoin payment protocol. Called BIP 70, the protocol allows communication between a merchant and its customers when transactions are made, and was designed to provide additional security and improve the customer experience. Coinbase says BIP 70 will offer improved protection against man-in-the-middle attacks on the payment process. Safer transactions. Addition of the protocol brings new features that should come in useful for many merchants: Human-readable, secure payment destinations - customers will be asked to authorize....
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San Francisco-based bitcoin broker and merchant services provider Coinbase announced on Thursday that they are now supporting the BIP:70 Bitcoin Payment Protocol. As provided by Coinbase, the following are features that make the Protocol useful: Human-readable, secure payment destinations- customers will be asked to authorize payment to a payment processor identified as "example.com" (or "Example, Inc." if an extended validation certificate is used) instead of an inscrutable, 34-character Bitcoin address. Secure proof of payment, which the customer can use in case of a dispute with the....
San Francisco-based Coinbase today announced they have added support for bitcoin payment URLs, so when a user enables this feature, they'll be able to click on bitcoin payment URLs and be directed to Coinbase. Coinbase then pre-fills each of the fields (bitcoin address and amount), which helps the consumer make some time and send through their payment with ease. "Ease of use is especially important when sending payments to merchants during a checkout, like when making a purchase with bitcoin on Overstock or Fiverr," the company wrote on their blog. "Using Coinbase as a bitcoin URL handler....
Most of you might have heard about the new SCP protocol developed by Professor David Mazieres from Stanford. Few hardcore Bitcoin fans may find it blasphemous, but it is about time someone created an alternative protocol. Bitcoin protocol has had its own share of troubles in the past couple of years. READ MORE: Better Alternative to Bitcoin from Stanford Professor? SCP or Stellar Consensus Protocol is being used for Stellar Digital Currency, which is an initiative of the non-profit - Stellar Development Foundation. Transactions over SCP are faster, economical and safer than on Bitcoin....
Major cryptocurrency exchange Coinbase now lets U.S. users invest in bitcoin and other cryptocurrencies using their PayPal accounts.
Coinbase adds Ethereum just a day after a historical and highly successful hardfork. Coinbase customers in 32 countries can now easily directly buy, sell store and send eth from their Coinbase account, making a conversion from btc to eth unnecessary, saving money in conversion fees. The ability to buy eth further extends to a new widget recently announced by Coinbase – Coinbase Buy Widget – which in partnership with other platforms, such as Brave Browser, allows users to buy Eth directly from the browser or website. The service will further expand to Australia in the coming weeks.....