Coinbase allows accepting USD coins without a transaction fee between Coinbase users. Compare this to accepting credit cards for vendors on Paypal which can cost up to 2.9% plus $0.30. USD are stable coins tied to the United States dollar which does not fluctuate in value. When they were initially available on Coinbase, they were earning more than 2 percent but now it's earning 0.15% as of April 2021. Bitcoin is near $60000. Some early investors may convert their gains to USD. From there, they can make payments to vendors without transaction costs for either user. To transfer USD coins, open the Coinbase app. Click on portfolio and then USD coin. Then hit the send button which is the arrow in the upper right corner. Enter your amount to send. Hit continue, then enter the email address or scan the QR code of the receiving Coinbase user. #crypto #coin
Reply to this Note | Notes Linking Here | Prior Note
Bitcoin has increased in value ten times in 2017. It's relatively easy to buy or accept payments with Coinbase, which is available as an app. Bitcoin is an electronic currency.
...Read more
Getting started with Bitcoin, ethereum, and litecoin was relatively easy with Coinbase, which recently received significant funding by venture capital firms. They require identity verification by scanning in your license. It's probably best to link to a secondary bank account. They also accept credit cards for purchase but charge 2.5%. Cryptocurrencies can revolutionize finance.
...Read more
With a Coinbase wallet, it's relatively easy to accept payments with Bitcoin, Ethereum, or Litecoin. Download the app for iOS or Android. Open the wallet for the cryptocurrency, then hit send on the upper right. Copy the text code and send it out. The other option is to have another phone with the Coinbase app scan the bar code and send money. Transaction fees are relatively small for bitcoin about 2%. Between Coinbase accounts, there are no transaction fees.
...Read more
Litecoin.org has a wallet available for download to multiple platforms including PC. Downloading all the transactions on the Litecoin network is about 10 gigabytes at this time but it's part of setting up your wallet. To receive money, go to File > Sending Addresses. Copy the sending address into another wallet like Coinbase and send the money. For $10, the transaction fee was $0.05 and it finished within a few minutes. This was quicker than a Bitcoin transaction.
...Read more
The Litecoin PC wallet does have a feature to create a QR code with a defined amount of money to be send. This could be used by restaurants or businesses to order items. The customer would need the Coinbase account to read the QR code. In late 2017, Litecoin traded down to $79.75 then traded up to $100.
...Read more
Despite all the technological advances made with websites and mobile apps in the last twenty years, the cost of accepting a payment online can still be up to 2.9% and $0.30. For items less than $10, this is a significant fee. Cryptocurrencies including Bitcoin and Litecoin can decrease these transaction costs. Recently sent 0.05 litecoin from a PC wallet to a Coinbase wallet. This was about $4.50. The fees noted BlockCypher was about $0.02. Financial transaction fees are the last friction point in commerce reduced by technology.
...Read more
Patreon allows monthly subscriptions for creators. Can donations be enough to help writers or video makers? The business model would be that people would continue to create as long as donations continue to flow into their digital wallets. Cryptocurrencies such as litecoin have low transaction fees and allow donations with a block of text such as the one at the end of this paragraph. The block of text can be entered inside a Coinbase wallet to send money. Money does not have to be aggregated at a central site. The other model is to create a bill for content consumers and then release content to people who have paid. This would be the traditional billing model used by newspapers and magazines. Would there be writers at major newspapers interested in trying this model? Write a better article on here for a chance to get litecoin.
Write your own post, click reply.
Donate with Bitcoin:
1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 ||
Donate with Lite
...Read more
Walmart has $489 billion in revenue per year. They are already using a QR scanner to pay for items from within the Walmart app using a system called Walmart Pay. A few options exist for Litecoin. Either the cashier can accept payments using the Coinbase app or the Walmart Pay app accepts money as Litecoin. If cryptocurrencies can offer smaller transaction costs than credit cards, they are viable. Donate with Bitcoin: 1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 || Donate with Litecoin at Lb5yfdMvvRDJZLDqkmLhLBTJPXa2QKCBMC
...Read more
Turn $74,000 into $1.54 billion in 6 years. Bitcoin wallet addresses are public and they show the total amount present inside the wallet. One wallet had 79,956 bitcoins in 2011. No bitcoins were bought or sold. In six years, the value of this wallet went from $74,363 in 2011 to $1,543,066,663 at the end of 2017. It would be difficult to find such a return in investment history. The only similar returns may be for the Instagram or Youtube founders.
Support this site with cryptocurrency donations. Send money from your Coinbase or other wallet to the following addresses. Donate with Bitcoin: 1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 || Donate with Litecoin at Lb5yfdMvvRDJZLDqkmLhLBTJPXa2QKCBMC
...Read more
GDAX is a trading platform connected to Coinbase. Bot trading does exist for Litecoin. Multiple small trades are being performed on the exchange for about $1.40 per trade. These might be a large amount of automated trading by computers to generate returns through an entire day of trading. As of December 2017, the bigger trades on GDAX are few and far between. Some are from 10 to 70 litecoins, which is roughly $3,000 to $21,000. GDAX does integrate well with Coinbase and allow limit orders.
...Read more