after this anecdote: high Bitcoin prices drive gold demand. To the left, Google Trends shows how interest, above $250, from bitcoiners in gold, increases exponentially.
According to its website, BitPay will join CoinBase as a payment processor with zero fees. Currently, Coinbase is using the model towards a merchants’ first one million sales, after which merchants will pay 1% fees. BitPay’s new model, however, asks for $30 per month per merchant, with zero additional fees. This is unprecedented in payment processing space, and will certainly send shockwaves through various payment processing spaces.
Both BitPay and Coinbase represent the world’s first zero-fee payment processors, driving home how revolutionary modern payment methods are.
To be certain, the news is bullish for the Bitcoin price, and will likely not make the impact it should via mainstream financial channels.