“Coinbase launched last year and aims to be ‘the PayPal of Internet-only currency.’ It helps merchants and consumers by providing a Bitcoin wallet and platform to make transactions easier, but the vast majority of its revenue comes from letting users buy and sell Bitcoins directly from Coinbase. It charges a one percent fee on top of each transaction. The company claims that it has seen huge growth in the past three months, after it started letting users buy and sell Bitcoin by connecting any U.S. bank account formerly http://blog.coinbase.com/post/34357253898/you-can-now-buy-and-sell-bitcoin-by-connecting-any-u-s. The decentralized currency is currently trading at $22.66 per Bitcoin on Mt. Gox (formerly/https://mtgox.com/), the largest Bitcoin exchange.”
