Crypto Adoption: Coinbase CEO Wins Patent For Sending Bitcoin Via Email
The massive goal of crypto adoption has been one of the main focuses in the crypto industry this year.
There have been a lot of moves made in the crypto space towards the achievement of this goal, and things are going great, despite the huge volatility in the crypto market.
Regardless of the digital assets’ prices, the projects behind the crypto are going on with their developments and successful achievements.
Coinbase CEO acquired a US patent that allows sending BTC via email
Brian Armstrong, who is the chief executive officer of the most important crypto exchange Coinbase has acquired a US patent for a method that allows users to transfer BTC by sending a simple email.
The patent has been initially submitted back in March 2015, and it was awarded on Tuesday, December 17th.
This describes a system for people to perform crypto transactions by using email addresses that are connected to the online wallets.
Once the sender requests to send BTC to a certain email address, the program will automatically send the specified amount from the sender’s crypto address the wallet of the recipient, which is associated with the email address.
It’s also important to note that the patent does mention BTC, but it doesn’t say whether the email system will allow users to transact with other cryptos as well.
We recommend that you read more details on this issue in the original notes of the patent.
Coinbase expands support for XRP and more coins
It’s been revealed not too long ago that Coinbase made crypto enthusiasts happy when they decided to expand support for XRP and more cryptos.
— Coinbase Card (@CoinbaseCard) November 14, 2019
Coinbase extended its Visa debit card services.
According to the latest reports, the Coinbase Card now supports five new cryptocurrencies: XRP, Basic Attention Token (BAT), Stellar Lumens (XLM), 0x (ZRX) and Augur (REP).
Brian Armstrong is the co-founder and CEO of Coinbase, one of the largest crypto exchanges in the world (its reported Coinbase holds 966,230 Bitcoin ($7B) in Cold Wallet). Prior to his involvement with the blockchain and Coinbase, Armstrong worked at Deloitte and Touche as an Enterprise Risk Management Consultant.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.