• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
<>
Sensei Inu Logo

Merchants Can Now Specify a Percentage of Bitcoins to Keep With New Coinbase Feature

newsbtc by newsbtc
9 years ago
in Cryptocurrency Market News
Reading Time: 1 min read

Services like Coinbase and BitPay have been quite the godsend for businesses looking to accept bitcoin.

Their services allow merchants to accept the digital currency and instantly convert it back to the fiat currency of their choice — but some in the community disagree with the method, stating that businesses that accept bitcoin should at least keep some of it to support the bitcoin economy.

(Take Overstock.com, for example. The company recently stated that they keep ten percent of their bitcoin income as bitcoin.)

So why shouldn’t others follow suit?

Coinbase announced today that merchants will now be able to specify a percentage of bitcoin to keep in their accounts. The rest, as one would imagine, would be instantly converted to fiat as normal.

The team writes on the company’s official blog:

“…as the bitcoin ecosystem is maturing, every day we’re seeing more and more merchants starting to accept bitcoin. It is starting to make more sense to keep some part (or all) of your orders in bitcoin and use it to pay your vendors or other merchants, to completely avoid any exchange/banking fees.”

It’s a great move forward in supporting this economy.

Coinbase minimum percentage

Merchants who are interesting in opting into the feature simply need to log into their merchant settings dashboard and check off the “Maintain a minimum balance in BTC when exchanging” in the payouts section.

Tags: bitcoincoinbasefeatureNews
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

Bitcoin Price Prediction – Top Trader Expects ‘Choptober’, New Cryptocurrency Bitcoin Minetrix Hits $200,000 Mark

Bitcoin Price Prediction – Top Trader Expects ‘Choptober’, New Cryptocurrency Bitcoin Minetrix Hits $200,000 Mark

14 hours ago
CRV

CRV Price Surges 16% – What’s The Next Move For Curve DAO Token?

16 hours ago
Why Is Bitcoin Price Up Today

Why Is Bitcoin Price Up Today? Insights From Leading Analysts

18 hours ago
Maker

Maker (MKR) Inks 20% Price Advance, Leads Top 50 Coins Today

20 hours ago
Dogecoin

Billionaire Takes Over As GameStop CEO, Bullish For Dogecoin?

1 day ago
Ethereum

Is The Ethereum Winter Over? L2 Exploding, ETH Futures ETF Launches

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Bitcoin Spark: Cross-Chain with Polygon, BSC, and Cosmos

    15 hours ago
  • Explosive Surge: Curve DAO and Everlodge on a Wild Pumping...

    17 hours ago
  • The DeFi Big Three: Solana (SOL), Chainlink (LINK), and...

    18 hours ago
  • Plus 500 Reviews Get Moderate Risk Rating From Trading...

    19 hours ago
  • Comprehensive Analysis of the Interactive Brokers Platform

    1 day ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.