Coinbase Users can pay BitPay Merchants Without Peer-to-peer Funds Movement

CrypotMode Coinbase

A stronger collaboration between BitPay and Coinbase introduces some core changes. Users can benefit from instant and no-fee blockchain payments. At the same time, there are some drawbacks to consider as well. 

BitPay and Coinbase Strengthen Ties

  • BitPay is intent on making its services more accessible to Coinbase users looking to spend crypto assets.
  • Merchants who rely on BitPay to accept and process transactions will now be able to receive transactions instantly and at no fee.
  • The worrisome aspect is how this removes the peer-to-peer movement of funds, as well as any traceability of transactions taking place.
  • For the average user and merchant, that aspect will not matter too much, but it is important to keep the bigger picture in mind at all times.
  • This new service will be accessible for any transaction under $1,000, with limits to potentially be increased in the future.
  • A similar integration will occur for users looking to pay Bitpay merchants through their Coinbase account via the BitPay Wallet app.
  • Giving users an easier way to monitor and manage their funds can boost global cryptocurrency adoption.
  • One core aspect of this integration is how it will bring USDC to more businesses around the world, as that is now an available payment method.
  • This is good news for businesses who worry about the native volatility of regular crypto assets.
  • Other supported assets include Bitcoin Cash, Ethereum, and Ripple’s XRP. 

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