Coinbase’s New Tech Allows Sending Bitcoin via Email

Brian Armstrong, chief executive of Coinbase, has won a patent for adopting a technology that facilitates sending the Bitcoin via email, according to Coindesk website.  

This technology allows direct Bitcoin payments as users can link their wallet addresses with email addresses. Once obtaining an approval on the request, the cryptocurrency will be sent from the sender to the recipient.

The transaction takes 48 hours to be carried out once getting a confirmation from the sender on the payment.

Users will not be charged any fees, and mining fees will be paid for by the exchange itself. However, users should take into consideration that transactions to external wallets would be possible, but may not be for free.

The San Francisco-based cryptocurrency exchange won two other patents on Tuesday. One of them is an application ensuring that user accounts go in line with international and local law, while the other patent is an enforcement protocol for closing any account violating laws.

Armstrong had earlier said: “The vision for Coinbase is creating more economic freedom for every person and business in the world over the next 10 years.”

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.