The objective behind this update was to create a more convenient and user-friendly experience for cryptocurrency users as they usually had to go to websites or open the application to see real-time prices. The notifications will automatically appear upon a significant movement in a certain asset’s price.
On the topic of convenience, Coinbase has discussed a previous release of theirs during the Fortune’s inaugural Brainstorm Finance conference, Coinbase Commerce. The product allows merchants to accept cryptocurrencies in exchange for goods and services. Coinbase’s CFO, Alesia Haas, was quoted saying: “We’re excited about the opportunity for companies to accept crypto as payment for services. Coinbase can enable this through tools like Coinbase Commerce”.
The road to adoption may be long but we seem to be on the correct route. Recent news had been very positive about this topic, especially Facebook’s entry to the cryptocurrency and payments scene with project Libra. The biggest hurdle will be regulating the space as governments are still getting acquainted with the technology, nonetheless more light will be brought by the FATF and G20.
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