Today we’re pleased to announce that we’ve integrated with Coinbase, giving us more ways to accept bitcoin payments online.
Coinbase is an international bitcoin wallet and platform service already used by companies like Overstock.com, Expedia, and Google. Our new Coinbase integration can be used alongside other payment services, like PayPal.
Coinbase offers a two-click checkout experience and simple refunds that make accepting bitcoin payments easy and convenient. JARED JAMIN can currently use Coinbase to accept bitcoin and anyone with a U.S. bank account can convert their bitcoin to USD.
Many people find bitcoin somewhat confusing. Quite simply, bitcoin is a peer-to-peer online financial network that people use to send payments from one person to another and it’s also a digital currency (also called bitcoin). The bitcoin network functions without the intermediation of a central authority. The managing of transactions and the issuing of bitcoins is carried out collectively by the network.
This short video helps explain: