31 Jan '16, 2am
Coinbase Shift Bitcoin Card Processes over US$1 Million - newsBTC
Regardless of the solid bitcoin infrastructure in the U.S, bitcoin users are struggling to spend their bitcoin in daily basis, primarily due to the lack of bitcoin merchants and awareness of the digital currency. Over the past few years, leading merchant payment processors like BitPay and Coinbase have been trying to raise mainstream awareness to convince traditional and conventional merchants to offer bitcoin as a payment option. However, many startups failed to appeal bitcoin to the majority of the merchants because of the volatility of digital currency. This week for example, the price of bitcoin plummeted to US$378 per coin, due to the instability in the governance of the digital currency and strong performances of alternative cryptocurrencies.