Coinbase Announces Coinbase Bundle

Digital currency exchange Coinbase has announced Coinbase Bundle. It allows users to buy all five available cryptocurrencies with just one purchase.   
 

Those who choose to buy the Bundle will be buying a mixture of each currency in proportion to their USD market capitalization at purchase time. A Bundle is made up of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic.

The call to learn more about Coinbase Bundle came in the same Twitter thread where the company introduced a “suite of new features,” including Coinbase Asset Pages and Coinbase Learn.

A Convenient Way To Buy Cryptocurrency

According to Coinbase, the breakdowns of Bundles are calculated by multiplying the price of each cryptocurrency by the circulating supply at transaction time.

The exchange says buying fees will not be any different than if a user purchased each cryptocurrency separately. Coinbase charges a 1.5% commission rate on purchases.

The ability to purchase Bundles is only available to customers in the United States, United Kingdom, and across the European Union who have a verified identity.

There is no cap on the maximum purchase size for a Bundle, but the smallest one can be purchased for $25 (£25, or €25).

The digital currency exchange wrote in a FAQ page how customers are able to sell off portions of Bundles, but are not able to send or sell them altogether in a single transaction. Additionally, Coinbase is not able to provide tracking information about a Bundle’s specific aggregate performance.

Big Changes Coming To Coinbase

Aside from Bundles, Coinbase also wrote on Twitter today about launching asset pages so people can explore and become educated about cryptocurrencies. They said this resource would be available to anyone, not just customers.

For those totally new to the industry, Coinbase decided to build Coinbase Learn so interested people can get the basics about blockchain and receive other “simple answers to your top cryptocurrency questions.”

More information about the asset pages, Coinbase Learn, and Coinbase Bundle were spelled out in a September 27th blog post from the company.

Additionally, CryproGlobe reported yesterday on a new assets framework for Coinbase that will increase the frequency and number of listed assets.

This new process is designed to make it possible to list digital assets on a per-location basis, assuming they are in compliance with legal requirements in the specific jurisdiction.

PayPal is Cautiously Optimistic About Partnership with Libra Association

  • PayPal cautious about future with Facebook's digital currency libra. 
  • Payment platform was one of the first companies to join and support the Libra Association.

Payment platform PayPal is cautiously optimistic about its relationship with Facebook’s digital currency libra, despite being the highest-profile company to join the Libra Association. 

PayPal Backs Libra Association

In June, shortly after the official unveiling of Facebook’s libra, PayPal announced an intention to join and support the Libra Association, a collection of tech and finance companies promoting the product. 

At the time, PayPal billed the digital currency as a revolutionary product for people around the world, 

We believe in democratizing participation in the digital economy for people from all walks of life, and businesses of all sizes.

However, PayPal appears cautious about its future with Facebook’s digital currency. PayPal investor relations vice president Gabrielle Rabinovitch reiterated Sept. 12 that the company is a non-binding agreement with libra, 

It's a non-binding commitment. And obviously, I think there's a lot of work to happen before we get to that point where it becomes something more than just a very exciting idea.

She added, 

The goals and ambitions of Libra are very consistent with PayPal's overall ambitions in terms of serving the underserved; democratizing access to capital. So we very much believe in the potential of Libra.

While PayPal appears optimistic about the future of libra, the digital currency has endured months of regulatory and political scrutiny concerning its release. 

Earlier in the week, senior U.S. Treasury official Sigal Mandelker told an audience in Geneva that libra would be held to the highest standard of regulatory compliance in order to combat money laundering and terrorist funding.

 

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