Dive Summary:
- Coinbase is releasing two new mobile apps aimed at encouraging the acceptance of bitcoins for retail purchases.
- Retailers will be now able to use the mobile app and receive guaranteed daily payment when accepting bitcoins through the app on payment transactions.
- Additionally, Coinbase will now allow users access to its full list of online features while in offline mode.
Dive Insight:
For consumers, Coinbase has included a number of interface updates to improve functionality for Android users and both versions of the mobile app are now available for download through the Play Store for Android version 2.3 or greater. Retailers will now be allowed to check their Coinbase statement online and produce account reports for their own financial records.
Heading into 2014, bitcoin payments will be an interesting space to watch. As regulators push back and some major retailers warm up to the currency, it stands to be a significant topic for disruption and controversy.