Coinbase, the bitcoin company that provides user wallets, merchant solutions, and exchange services, has announced that they have hired Charlie Lee, creator of litecoin. Litecoin, one of the few crypto-currencies that has gained much traction other than bitcoin was launched in 2011 and uses many of the same principles as bitcoin, but with quicker confirmations and a larger circulation. Lee is a former engineer at Google where he was involved in Google Play Games, Chromes OS and You Tube. About his work at Google, Coinbase stated “If you use Google Authenticator to secure your Coinbase account or Authy’s voice support feature to verify your phone number, then you’ve already benefitted from some of Charlie’s early work!”
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For Coinbase, it’s a top talent pickup as the firm has been quickly growing its user base and services following the receiving of $5 million in funding earlier this year. While not a flashy product, Coinbase has been working on creating infrastructure products that assist in getting new users up and running with bitcoins. Recent advancements in their merchant services include the ability to receive subscription payments and iFrame based payment options. In terms of expanding user adoption, integration of merchant payment solutions for existing e-commerce sites is an instrumental area of importance. On this note, our sister site, Payment Magnates conducted an interview with Jeffrey A. Tucker titled Bitcoin and E-commerce which touched upon many of the important subjects merchants affecting merchants.