 |
August 07, 2013, 03:58:06 AM |
|
I love CoinBase and how it is making it really easy for not only users to buy bitcoins instantly, but also its excellent merchant features. I was thinking about the following feature idea and wanted to see if you guys thought this would be possible or even desirable.
What if CoinBase allowed the possibility for merchants to allow people who do not know what Bitcoin is, or has zero interest in buying bitcoin in order to purchase a merchants product - to have the ability for that customer to input their banking information instead of sending bitcoin.
So instead of having a buy it now with BTC button, have a pay with CC or ACH button. The merchant would obviously have to wait 3 or so days to get their BTC but it would allow a merchant to widen their customer base and still obtain bitcoins for their goods and services in one central location.
The obvious issues that could arise is fraud, or for some types of services not being able to issue the product until the payment has cleared, however I can see some situations where this could not be a problem.
Another way to mitigate the above issues is to force users to register with CoinBase and go through the verification process like they are already doing.
Thoughts?
|
