Coinbase CEO Says, ‘Informal Pressure’ From RBI Disrupted Our Payments
On April 5, the Nasdaq-listed U.S.-based crypto exchange Coinbase, officially allowed Indian users to buy crypto tokens through UPI (Unified Payments Interface), a modern Indian payment infrastructure built by a coalition of retail banks. But after three days of launch, UPI rolled back its service without any explanation. The action was taken after a strange […]
Related News
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India Coinbase Global provided an update on its Indian operation during the company’s earnings call Tuesday, particularly why it exited the Indian crypto market a few days after launch. Anil Gupta, vice president of Investors Relations at Coinbase, asked CEO Brian Armstrong: “Some....
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong. Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal pressure” from India’s central bank.During Coinbase’s 2022 Quarterly Earnings call, Armstrong spoke about the company’s global expansion plans....
Coinbase now accepts commerce payments in dogecoin. With the addition of the meme crypto, Coinbase Commerce now allows customers to check out and pay with seven cryptocurrencies. Coinbase Commerce Now Supports Dogecoin Coinbase Commerce is a platform by the Nasdaq-listed Coinbase that “enables merchants anywhere in the world to accept cryptocurrency payments in a fully decentralized way,” its website describes. The company announced via Twitter Wednesday: We’re now accepting commerce payments in dogecoin (DOGE). According to its website, seven cryptocurrencies are now....
Bitcoin momentarily blasted above $40,000 today, doubling its previous peak set back in 2017. A huge rejection took place shortly after the level was overcome, prompting a $4,000 drop near instantly. But as eager buyers stepped in to “buy the dip” on Coinbase, they were met with frustration and disrupted services. And because Bitcoin is […]
Coinbase, the largest Bitcoin exchange in the world, has launched debit card payments in the US. The debit and credit card payments were already available to Coinbase’s European customers. Coinbase released the following statement on its website, saying that from the March 1, Coinbase users in the US will be able to buy Bitcoin via their debit cards: The Bitcoin subreddit, /r/Bitcoin, has always had mixed feelings with regards to Coinbase, but the general consensus among the community is that this is a positive development. “Today we’re launching a new Coinbase product (in beta) to users....