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Why This Major Crypto Exchange Removed Native Bitcoin Payments
This article briefly:
•Cryptocurrency exchange Coinbase halted native Bitcoin payments due to operational snags.
•Coinbase head of product Lauren Dowling launches on-chain payments protocol to address customer concerns.
•The news comes as JPMorgan upgraded Coinbase Global (COIN) stock to neutral, sending shares surging 10%.
An executive at cryptocurrency exchange Coinbase’s digital payments service has announced that the company has made the difficult decision to remove native Bitcoin and other UTXO support.
Lauren Dowling, head of product for Coinbase Commerce, said customers are facing operational challenges with the product.
•Cryptocurrency exchange Coinbase halted native Bitcoin payments due to operational snags.
•Coinbase head of product Lauren Dowling launches on-chain payments protocol to address customer concerns.
•The news comes as JPMorgan upgraded Coinbase Global (COIN) stock to neutral, sending shares surging 10%.
An executive at cryptocurrency exchange Coinbase’s digital payments service has announced that the company has made the difficult decision to remove native Bitcoin and other UTXO support.
Lauren Dowling, head of product for Coinbase Commerce, said customers are facing operational challenges with the product.
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