So what does this do and why is it important?
What it does is makes it much more simple to send a payment in Bitcoin for a transaction. There will be no need to copy/paste followed by switching tabs to go to CoinBase to enter the payment address. Instead with the handler enabled all you have to do is click on the payment address, and it will bring you right to your CoinBase box and enter the information for you. The fussing and multiple clicks are streamlined making it much easier to use.
Why it’s important is because it will make it much easier for the average user to use Bitcoin to shop with and trade. That will help the adoption of Bitcoin as an alternative currency that much easier for more people to use and help retailers as the process is simplified at the user lever without them having to do anything.
To enable the Payment URL handler log into your CoinBase account and go to advanced settings. From the choices, click the Enable Link Handler button, and you are set to go.
A quick overview of it in action can be found on CoinBase’s blog. In it, they show how to enable the handler and what it looks like when they use the donation payment button for the Bitcoin Foundation. From there clicking on the payment link brings you right to your send payment page with the payment address already there.
I did find that I needed to be logged into my CoinBase account, or it would ask me to log in and then it would fill in the payment form. This does not bypass your security and login settings to function that is very good. As with any transaction it is always good to have two factor authentication enabled in your CoinBase settings.
Their setup and trouble shooting page is excellent if you have problems installing it or getting it to run. It has quick and simple instructions to get everything going for both Chrome and FireFox.
It is good to see a major exchange as CoinBase keeps raising the bar by being a solid exchange and also by bringing out innovations to make using Bitcoin easy and secure.
Last modified (UTC): March 5, 2014 11:55