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Coinbase: Switching to mBTC Bitcoin Units Not Planned For the Near Future

Avatar newsbtc 6 years ago

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On Monday evening, popular bitcoin monitoring website Bitcoinity made what could potentially be considered the huge move of switching the default bitcoin unit from BTC to mBTC. That is, essentially moving the decimal place three times to the left in order to make the per-unit price less intimidating and within reach for newcomers looking to acquire the digital currency (as opposed to referring to a whole bitcoin as a four-digit number).

Many in the bitcoin circle are avid supporters of the move, and some even suggest other services, such as bitcoin buy/sell outlet Coinbase should do the same in order to promote community-wide acceptance of the mBTC unit.

Olaf Carlson-Wee of Coinbase, however, tells newsBTC such a move is just simply not on the cards for the near future — though they remain open to new ideas.

newsBTC has asked Carlson-Wee for more information and will update you accordingly.

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