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Gmail bitcoinGoogle Goes Down; Bitcoin Stays Up - Decrypt
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Google Employee — Google product team members and community managers. This approach stands in stark contract to partners like Tradehill, for example, which focuses more on the high-net worth market.
It refuses to do business without all of its US state licenses intact, and has backed out of the market while it resolves the issue. Grabbing a market first brings the benefit of time; an early adopter can get a solid grip on a market and establish a healthy cashflow before regulators weigh in. Coinbase has a long way to go down that road.
It was the largest investment in a bitcoin-related company at the time, and it sets the scene for bigger funding deals in the future. It is constantly growing, having just signed a deal with Cashie Commerce, enabling the latter to use its merchant API for BitDazzle , an online Etsy-style marketplace for bitcoin-friendly merchants.
If the regulatory challenges do come, the firm must be secretly hoping that it will have raised enough funds to handle them. In the meantime, it will be concentrating on volume growth, by gaining mindshare in a still-nascent market. It will also strive to stay focused on what users want, which is likely to keep it one step ahead of the core development team on merchant and wallet features.
Bitcoin startups today must make a landgrab for users. In a market with everything to play for, owning your own ecosystem in a decentralized world like bitcoin is a valuable asset. Coinbase aims to become the Gmail of bitcoin. What exactly does Coinbase do? Regulatory uncertainty The company still faces challenges, however. Deals like this will propel the company forward — and bitcoin with it.
Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Users who wanted to access such services may not have been able to do so. Your centralized bitcoin and blockchain services are locked Can't access funds because of 2FA.
Others simply pointed out that Bitcoin is still up and running, a nod to its reported Bitcoin has only gone down twice in its history, in and Read on the Decrypt App for the best experience.
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