Coinbase CEO Armstrong Wins Patent for Tech Allowing Users to Email Bitcoin
Coinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email, literally.
The patent, granted on Tuesday and filed in March 2015, details a system for users to make cryptocurrency payments with email addresses linked to corresponding wallet addresses.
There also appears to be no restriction on email providers, meaning users could use existing email addresses should they wish to.
The email system would also include a featured exchange facility for users to make in-app bitcoin trades using fiat currency from a linked bank account.
Two other patents were granted to Coinbase on Tuesday. One is an application for ensuring user accounts comply with international and local law, the other an enforcement protocol for closing non-compliant accounts.