Coinbase’s New ‘Instant Exchange’ Extends Immediate Cash-Out Ability to Users
Coinbase announced on their blog today that they’ve launched a new Instant Exchange feature. Users can send and receive bitcoins without worrying about exchange-rate fluctuations. Previously, only merchants had this ability to move between bitcoin and local fiat currency to avoid such changes in value. Coinbase is now taking the functionality of merchants and bringing it to the consumer — as long as they hold a fiat currency (USD GBP or EUR) wallet with Coinbase — offering two new features people can start using today. First, there is Instant Exchange Send, which gives you the ability to....
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Coinbase, a popular Bitcoin exchange and online wallet provider, has announced the launch of its Instant Exchange. This new service will allow Coinbase users to send and receive Bitcoin payments instantly. Coinbase says that the Instant Exchange will protect people from Bitcoin price volatility, since they will be able to complete transactions so quickly. From Coinbase’s official announcement: “Coinbase has long offered merchants the ability to automatically convert received bitcoin into their local currency, and now Instant Exchange is available to anyone with a local currency wallet.”....
The largest bank in Japan, Bank of Tokyo-Mitsubishi UFJ (BTMU), has formed a strategic partnership with Coinbase to support the exchange’s long-term international expansion efforts. Some users complain about the exchange’s too strict compliance. MUFG senior manager Yuichiro Kawasaki cited the reasons behind Coinbase’s ‘strong compliance systems was to prevent wrongdoing. Another factor in play has been the Coinbase’s licenses to offer money transmission services in many U.S. states. As a part of the compliance procedures, now the exchange asks users if they are sending their coins to....
Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, sell, and transfer cryptocurrencies like bitcoin, ethereum, and the USDC stablecoin. South Africa Ripe for Disruption and Innovation According to a report that quotes the start-up’s VP for strategy and partnerships in Africa, Pardon Mujakachi, Chipper Cash has made the foray into South Africa because it believes the country “is ripe for disruption and innovation in the....
Cash App users can now send instant bitcoin payments worldwide for free.
Bitcoin wallet service provider Coinbase today announced the launch of Instant Exchange, a feature that will enable users to transfer Bitcoin while eliminating the risks associated with price fluctuations. In a blog post today, Coinbase said, "Coinbase has long offered merchants the ability to automatically convert received bitcoin into their local currency, and now Instant Exchange is available to anyone with a local currency wallet." In this latest offering, the Bitcoin company will provide two new features: Instant Exchange Send. This option allows users to send Bitcoin and pay for the....