Coinbase wins US patent for sending Bitcoin via email, it takes 48 hours to clear

posted 3 months ago
The Coinbase CEO won a US patent for an invention that allows Bitcoin to be sent via email. Today it was revealed that the patent, granted last week (and filed back in March 2015) outlines a system that allows users to make Bitcoin payments using an email address linked to a Bitcoin wallet.

The patent states "Bitcoin can be sent to an email address… Instant exchange allows for merchants and customers to lock in a local currency price. A tip button rewards content creators for their efforts. A Bitcoin exchange allows for users to set prices that they are willing to sell or buy Bitcoin and execute such trades." However, the system takes 48-hours for the transaction to clear once the receiver has confirmed the payment.
Tags: bitcoin, blockchain, news