Coinbase releases Bitcoin m-payment app

Monday 6 January 2014 | 11:15 CET | News
US-based Bitcoin wallet provider Coinbase has launched a point-of-sale application which enables merchants to accept Bitcoin payments in-person on a mobile device. Coinbase provides a consumer digital wallet for sending and receiving Bitcoins and a merchant service for accepting Bitcoin payments. The wallet is linked to US bank accounts, allowing users to buy and sell Bitcoins and have US dollar equivalents deposited into their bank accounts daily. The stand-alone PoS merchant app can be used online or offline. To receive in-person payments, the merchant enters the amount of the sale on a mobile device to generate a QR code. This code is scanned by the customer's Coinbase app and the payment is then completed.

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