Budweiser Taps Coinbase for Summer Concert Series, Wraps Up Tour Labor Day Weekend in Philadelphia and LA

Aug 28th, 2014

Music festivals are in full swing across the country and Coinbase isn’t missing out on the action. By partnering with Budweiser’s Made in America (BMIA) summer concert series, Coinbase is helping Budweiser wrap up the tour for its inaugural, flagship event in Philadelphia as well as its first-ever performance in Los Angeles. Both BMIA venues are using the Coinbase Merchant Android Application to provide concertgoers with a simple point-of-sale experience. Earlier this summer, the Coinbase app was used at the BMIA event at The Complex in Salt Lake City.

Curated by Jay-Z and featuring a blockbuster lineup that includes Kanye West, Kings of Leon, Pharrell Williams, Tiesto and Steve Aoki, Budweiser Made in America will take place in Philadelphia and Los Angeles on Labor Day weekend, August 30-31.

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Budweiser first introduced its product more than a century ago, and has grown to become one of the most trusted brands in the world. We are excited to provide Budweiser an innovative way to connect with a more progressive, tech-savvy segment of its customer base. By associating its brand with Coinbase, Budweiser has become the largest brand in the entertainment and events space to do so, following sports teams such as the Sacramento Kings and San Jose Earthquakes. Heavyweights in the music industry like Nas have also emerged as staunch advocates of bitcoin’s potential. As more individuals and businesses from the music, film, sports and general entertainment industries align their brands with bitcoin, they’ll look toward early adopters such as Budweiser as pioneers in the space. 

Coinbase Insured

Aug 27th, 2014

We’re proud to publicly announce that Coinbase holds insurance against theft or loss of its bitcoin.  We’ve been insured for almost a year, but given the recent claims of insurance in the industry, thought it was appropriate to tell our users about it.  Our users, of course, won’t be charged for this insurance.

The Details

Coinbase is insured against theft and hacking in an amount that exceeds the average value of bitcoin we hold in online storage at any given time.  The insurance covers losses due to breaches in physical or cyber security, accidental loss, and employee theft.  It doesn’t cover bitcoin lost or stolen as a result of an individual user’s negligence to maintain secure control over their login credentials.

We think it’s important consumers understand what’s behind their insurance.  Some bitcoin wallets may claim to be “fully insured” while not working with accredited carriers or outright self-insuring.  Others may be able to claim “fully insured” at the moment because their number of bitcoin stored are so low that a small insurance policy happens to cover everything until they grow.  We teamed up with Aon, the world’s largest insurance broker, and only use underwriters with high credit ratings (S&P rating of A+ or A.M. Best Rating of A XV or higher).

For more details and fine print, you can check out our FAQ.  If you’d like to get a comprehensive rundown of our industry leading security, check out our security page.

Coinbase Acquires Blockr.io, Welcomes New Staff

Aug 18th, 2014

As Coinbase continues to grow, we’re always keeping an eye out for other companies and individuals making waves in digital currency and helping make bitcoin easy to use. One such company is Blockr.io, a popular block explorer service that caught our eye earlier this year with its sleek, intuitive design and API. Blockr.io parses the bitcoin blockchain and presents the data to users in an easy to read way.

Today, we’re excited to announce that Coinbase has acquired Blockr.io.  As part of the acquisition, we’re able to welcome two of its exceptionally talented employees to the Coinbase team: software engineer Sašo Matejina and designer Samo Drole. The pair recently moved from Slovenia to join our staff of 40 full-time employees here in San Francisco.  Saso and Samo will be focused on continuing to make the Coinbase API the premier tool for developers who want to build on top of bitcoin.  They’ll also work on building out Coinbase’s own bitcoin node.

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Blockr.io will continue to operate as usual for now as Sašo and Samo transition to their work at Coinbase.

We’re excited to have them join the team!

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Sašo is a co-founder of Blockr.io blockchain explorer. Before joining Coinbase, he worked on automated functional and regression testing for banking software and developed news publishing platforms for Slovenian media. He is a cryptocurrency enthusiast and enjoys building products that make your life easier.

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Samo is digital coin enthusiast, who founded Blockr.io blockchain explorer and worked as a freelance designer prior joining Coinbase. He is passionate about biking and cartoons.

Merchant Highlights: Xsolla, Terminal, and Demand Food

Aug 15th, 2014

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Xsolla, a cross-platform payment and billing solution for gaming companies, is now using Coinbase to accept bitcoin payments for Twitch Turbo. Although Bitcoin does not support recurring payments at the protocol level, merchants like Xsolla can use the Coinbase API to enable recurring payments. We’re glad to see Xsolla allowing users to make bitcoin payments on gaming platforms like Twitch, and look forward to seeing payments innovation in gaming in the future.

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Terminal is a flexible cloud-computing platform with a mission to give simple, affordable computing to everyone in the world. By accepting bitcoin, Terminal is able to provide cloud-computing access to anyone in the world with an Internet connection. We are excited to offer the Bitcoin community the opportunity to purchase Terminal’s hosting services for a 5% discount for a limited time.

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Demand Food is an on-demand food delivery service based in Austin, TX. The service offers $9.99 meals that can now be paid for in two clicks using Coinbase. The convenience and speed of bitcoin payments makes bitcoin a great fit for on-demand services like Demand Food. We’d love to hear from more on-demand services interested in using our API: merchants@coinbase.com.

Wikimedia Foundation Receives More Than $140,000 in Bitcoin Donations in First Week

Aug 7th, 2014

Since it was founded in 2001, Wikipedia has provided tremendous value to the world by making it easy and free for anyone with an Internet connection to consume information. We were particularly excited to enable the Wikimedia Foundation to accept bitcoin donations because we feel that the decentralized, inclusive nature of Wikipedia is well aligned with Bitcoin and we wanted to help the Bitcoin community contribute to the democratization of information.

Today, we are thrilled to announce that in the first week of accepting bitcoin, the Wikimedia Foundation has received over $140,000 in bitcoin donations.

Wikipedia is run by a non-profit organization and has been able to operate ad-free because of the generosity of donors from across the world.  For donors worldwide, bitcoin is a convenient donation method that ensures 100% of donated funds go to the cause. Donors can also enjoy significant tax benefits by donating bitcoin. As inspiring non-profits such as the Wikimedia Foundation continue to adopt bitcoin as a payment method, we look forward to seeing you and the community show strong support as well.

Coinbase Offering Bitcoin Perk to 350,000+ AnyPerk Users

Aug 1st, 2014

Mainstream merchant adoption of bitcoin in the US is rapidly accelerating, but many consumers are still unaware of the convenience, security, and cost savings associated with bitcoin payments. At Coinbase, we are committed to helping both consumers and merchants unlock the efficiencies of the Bitcoin network. Today, we are excited to announce a partnership with AnyPerk.com, a company that provides employee perks to over 2,500 companies across the world including Salesforce.com, Pinterest, Snapchat, Groupon, and Etsy.

If you are an AnyPerk user, you can claim $10 of free bitcoin by creating a Coinbase account with your AnyPerk email address, and linking a bank account. After claiming the funds, you can save it, spend it, or send it to a friend instantly anywhere in the world. 

    

Here are 10 ways to spend $10 of bitcoin:

      

1.) Buy a stress release ball from Overstock ($7.99) 

2.) Commission a caricature on Fiverr ($5)

3.) Donate to Wikipedia ($10)

4.) Buy a Batman keychain from Fancy ($8)

5.) Buy pizza at Domino’s via eGifter ($10)
 
6.) Buy a bundle of computer games and support the American Red Cross on Humble Bundle ($10)

7.) Donate to the political campaign of a US Congressman ($10)

8.) Learn about cryptography and donate to Khan Academy ($10)

9.) Buy a book at Barnes & Noble via eGifter ($10)

10.) Dedicate a song to a person in need on SongsofLove.org ($10)

Wikimedia Foundation Partners with Coinbase to Accept Bitcoin for Donations; Coinbase Now Offering 0% Processing Fees for Non-Profits

Jul 30th, 2014

We’re excited to announce that the Wikimedia Foundation is now accepting bitcoin donations and has chosen Coinbase as its preferred bitcoin payment processor. The Wikimedia Foundation is a non-profit organization that distributes free educational content and operates some of the largest collaboratively edited reference projects worldwide, including Wikipedia. Using Coinbase, the Wikimedia Foundation is able to instantly exchange bitcoin for U.S. dollars.

The Internet has made it easier for non-profits to operate by enabling them to increase geographic reach and reduce the overhead required to fundraise. Adding bitcoin as a donation option is a natural next step for non-profits because it eliminates one of the most significant costs remaining —payment processing fees. In response, we’re proud to announce zero processing fees for all registered non-profits accepting bitcoin through our merchant tools. This means that any non-profit accepting bitcoin through Coinbase will be able to instantly cash out their bitcoin donations for U.S. dollars and receive a daily bank transfer, free of charge.

Charitable giving is emerging as a major consumer use case for bitcoin. Bitcoin enables donors to give 100% of their funds to causes they care about, and the convenience of bitcoin has inspired donors to donate small amounts when they previously might not have donated at all. U.S. donors may also enjoy significant tax deductions based on their bitcoin-denominated donations. 

Following the Wikimedia Foundation’s lead, all registered 501(c) organizations are now eligible to receive free bitcoin payment processing using Coinbase. If you have questions about whether your organization qualifies, please contact merchants@coinbase.com.

The Coinbase Vault Is Now Live To 100% Of Customers

Jul 25th, 2014

Introducing Coinbase Vault

Bitcoin wallets are great for day-to-day spending, but storing large amounts of bitcoin requires extra security. This is why we created Coinbase Vault.

How does it work?

  • Withdrawals are time delayed with notifications delivered to your phones and emails.
  • Optionally choose a group vault with multiple withdrawal approvers for increased security.
  • Up to 97% of bitcoin is stored entirely offline in geographically distributed safe deposit boxes and private safes.

How much does it cost?

The Coinbase Vault is 100% free and has no fees.

Merchant Highlights: Bongo International, Reelhouse and Mercury One

Jul 24th, 2014

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Bongo International, a global ecommerce and logistics solutions provider, now enables its merchants to add bitcoin as a payment option within the Bongo Checkout solution. Bongo helps merchants handle the complexities associated with international ecommerce, such as currency fluctuations, fraud, and shipping. Bitcoin helps make frictionless cross-border payments possible and offers mersignificant benefits to merchants that want to expand their reach internationally. By integrating with Coinbase, Bongo has made international ecommerce even easier for its entire customer base, which includes leading brands like Allen Edmonds, Jelly Belly, and U.S. Auto Parts.

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Reelhouse is an online video community that enables filmmakers to self-distribute content directly to viewers. By integrating with Coinbase, Reelhouse has enabled viewers to buy any film on the platform with bitcoin. Reelhouse is passing the savings it receives from bitcoin sales directly to the content creators on the site, allowing content creators to get up to 30% more of the sale when a consumer pays in bitcoin. Digital content payments are a great use case for bitcoin and we are excited to work with an innovative digital content company like Reelhouse.

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Mercury One, the charity organization of radio host Glenn Beck, is now accepting bitcoin for donations. The mission statement of Mercury One is “to inspire, organize and mobilize individuals to improve the human condition physically, emotionally and spiritually with malice towards none and charity for all.” Mercury One is the latest non-profit in a rapidly growing list of non-profit organizations to adopt bitcoin as a payment method. Bitcoin is a natural fit for non-profits because of its low-cost, global, and transparent nature.

Dell.com Partners With Coinbase to Become the Largest Ecommerce Merchant to Accept Bitcoin

Jul 18th, 2014

Dell is now accepting bitcoin payments from consumers and small business shoppers across the U.S. for all items available on Dell.com, including the Alienware line of products. To date, Dell is the largest ecommerce company to officially accept bitcoin, with nearly $60 billion in annual sales. Head over to Dell.com to view this video guide on Dell’s bitcoin splash page and see the bitcoin payment process in action.

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With the Coinbase integration, Dell is able to provide its customers with even more flexibility when it comes to payment options. Coinbase partnered closely with the Dell team to implement bitcoin payments on Dell.com in just two weeks, and we look forward to continuing to support Dell in the coming weeks as they implement additional bitcoin features. For more information about this integration, visit the official Dell.com blog here.

To celebrate this partnership, Dell will soon be offering a special Alienware promotion where customers can save 10% off a new Alienware system purchase (up to $150 limit) when checking out with bitcoin. Visit Dell.com/bitcoin to learn more.