Bitcoin digital wallet Coinbase is giving away free processing for the first million USD.
With the conviction that merchant adoption of bitcoins as an alternative payment option for end-users will take the digital currency to a new level, Coinbase is promoting its processing services, at no fee, up to $1,000,000 in Bitcoin merchant orders. As explained on Coinbase’s blog, the (already extremely cheap) 1% that is usually charged will not be paid by merchants who decide to accept its present offer.
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We will monitor closely the effect of such intiatives on the adaoption of Bitcoin in the Ecommerce