One of the largest bitcoin payment providers BitPay has announced it enhanced payments made via Coinbase accounts in USD coin (USDC), bitcoin (EXANTE: Bitcoin), ethereum (ETH) and other cryptocurrencies.
From now on, BitPay’s clients can make payments directly from the Coinbase account to BitPay merchants with no fees. The phased rollout, according to an official announcement, starts with transactions under $1,000.
BitPay Director of Product Sean Rolland claims integration between Coinbase and BitPay lets users pay directly from their Coinbase account, "opening up new global businesses opportunities to accept and pay with crypto."
"Customers who have a Coinbase account are looking for a fast, secure and easy way to pay for goods and services with crypto globally now have additional options through BitPay enabled merchants," Rolland added.
Previously, BitPay added support for Segregated Witness (SegWit), an implemented protocol upgrade intended to provide protection from transaction malleability and increase block capacity.
"We have also updated the fee estimation algorithm in the BitPay App to improve accuracy, reduce transaction confirmation times, and lower fees. This improvement could reduce fees by as much as 5-10% over previous versions and now works on all bitcoin wallets (SegWit and non-SegWit)," a BitPay's representative said.
iHodl earlier reported Coinbase had increased the confirmation time for ETC deposits to two weeks. The decision has reportedly been made as a result of the recent 51% attacks suffered by the currency.