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What's going on, guys? It is Tuesday, February 20th, and today we are talking about questions around

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Hello friends.

Well, for the first time since the ETFs launched, there has been a bit of a dust up from within the Bitcoin industry, and today we're going to talk about all of that.

Coinbase has removed support for self-custody Bitcoin from their merchant platform,

Coinbase Commerce.

The service allows merchants to accept crypto payments from their customer's token of choice, which is then automatically converted

into USDC. Coinbase head of product, Lauren Dowling, explained the decision in a Twitter

thread stating, the new commerce product enforces the details of each payment on-chain, supports

hundreds of assets native in ERC20s across base, Polygon, and Ethereum,

and automatically converts payments to USDC on-chain at a guaranteed rate to merchants.

Delivering these same capabilities on the Bitcoin blockchain without smart contracts

and stable coins was challenging, and we therefore made the difficult decision to remove

native Bitcoin and other UTXO support.

Customers retain the ability to pay with UTXO assets

like Bitcoin from their Coinbase account, which accounts for a significant portion of the Bitcoin

volume we were seeing before making these changes. Since making the change, the results have

...