Coinbase waives fees for businesses' first $1 Million of sales
Article updated on 28th August at 11:59 BST. Coinbase, the bitcoin merchant service, has announced it will scrap processing fees for merchants until they make $1m worth of sales. Coinbase claims it is doing this to aid the adoption of bitcoin as a payment method by merchants. "We wanted to lower all barriers for new merchants to get started, and help highlight some of the economic benefits of accepting bitcoin." Coinbase said in its latest blog post. The removal of the transaction fee will clearly appeal to small-scale businesses who don't imagine they will reach $1m in sales for some....
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