Coinbase, a leading cryptocurrency exchange platform, has recently announced significant changes to its merchant payment system, Coinbase Commerce. The platform will no longer support native Bitcoin payments, moving towards a model that requires users to have a Coinbase account for Bitcoin transactions. This adjustment aims to tackle the challenges posed by the Bitcoin blockchain's limitations without smart contracts and stablecoins. Moreover, Coinbase is exploring the integration of the Lightning Network to offer faster and cheaper Bitcoin transactions, signaling a shift towards more efficient payment solutions in the crypto space.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
