Coinbase Patents New BTC Emailing Feature

Brian Armstrong – the CEO of Coinbase – has garnered a patent for a new product that will allow users to email bitcoin to each other.

Coinbase Paves the Way for Emailing BTC

The patent was filed in March of 2015 but didn’t garner approval until now. Crazy how long it can take to get the green light on new developments, isn’t it? The product is built to make crypto payments through email addresses linked to various wallets. The sender initiates an order to send money to a specific email address and the transaction takes about two days to complete.

The product also works to increase security by storing a person’s unused cryptocurrencies in an offline vault that can only be accessed by a wallet’s corresponding email address. It’s the equivalent of cold storage, which is often considered a safer and stronger alternative to hot wallet addresses.

The one downside to the product is that it does nothing to alleviate customers of Coinbase’s present fee-setting system. While all…