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I think you are being downvoted because you pretty clearly need to build the exchange to make the payment thing work. They just never got to that part, so it's
by nl 4y ago
I think you are being downvoted because you pretty clearly need to build the exchange to make the payment thing work.
They just never got to that part, so it's arguable if it's a pivot.
- 55555 4y agoI listened to Armstrong on Lex Fridman lately. He was originally trying to simply build a bitcoin storage website (a ‘bitbank’). Then he added a buy button and people started using it, but even this did not initially require creating an order book / full exchange. It was a proper pivot by the sound of it.
- notpushkin 4y agoThey actually got to that part pretty early on I think. They had a feature that allowed businesses to accept crypto through them and receive plain old fiat payouts to the bank account. It's still there nowadays, too: https://commerce.coinbase.com/ https://commerce.coinbase.com/ Edit: it was even earlier than they actually added an exchange – these days it was just a custodial wallet.