Coinbase Launches Bitcoin-Based Tips, Micropayments


At the inception of the commercial web, it was arguably a mistake that the industry went down an advertising-based route for supporting content.

Some have speculated that had payments been built into the browser and the web itself, we would have substantially different online properties from search to social networking to online media.

Perhaps that reality can be corrected with Bitcoin.

Coinbase, which is one of the biggest Bitcoin wallets in the world and is backed by Union Square Ventures and Andreessen Horowitz, is launching a micropayments feature.

“The whole Internet has this free tier that is monetized by ads and then there’s this step function up to paid products that requires a bit of a burden,” said Coinbase CEO Brian Armstrong. “From a longer-term point of view, you could think of this as an experiment against advertising. It might be a better monetization method in certain situations.”

More than 30 percent…

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