Coinbase and Binance outraged Bitcoin community

• Coinbase gets a patent for sending Bitcoins over email.
• The community is not impressed by the solution.
• Bitcoin is moving within the descending wedge.

The US-based cryptocurrency exchange Coinbase got a patent on a solution that allows sending Bitcoin via email. To make a transaction, both the sender and receiver must have a Bitcoin hot wallet tied to a specified email address. A sender makes a request and specifies the receiver’s email and the transaction amount. Notably, the system will process the request within  48 hours, while the administrator will be entitled to block suspicious transactions.

The solution is deemed to facilitate Bitcoin usage and take the cryptocurrency one step closer to mass adoption. However, the community seems to be skeptical about the innovative feature patented by Coinbase. Lack of privacy, long processing time, and centralized control are among the most frequent complaints.

A Twitter user Mairye (@Maiirye) writes: 

“I…