Coinbase made two announcements yesterday regarding services they offer to customers which will impact future purchases.
1. Credit Card Purchases
This has been a hot topic lately and has been reported by numerous outlets that Credit Card companies would be reducing or eliminating the use of credit cards to purchase Cryptocurrency. The reason? The giant crash that has occurred since the bull run in November and December 2017. Too many individuals bought on the premise they would get rich and in fact lost thousands, which has caused a slew of reports and attempts at charge backs on Cryptocurrency purchases with credit cards.
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Bank of America
We're encouraging affected customers to switch to debit card or bank account payment methods.
— Coinbase (@coinbase) February 6, 2018
2. Bitcoin SegWit Update
Coinbase tweeted this to their customers, following a blog posted in mid December 2017.
Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase.
SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks.
We previously wrote about SegWit on our blog: https://t.co/3YPQPkYy4C
— Coinbase (@coinbase) February 5, 2018