Presentation: Coinbase Commerce: A User-Controlled Payment Processor
This presentation is now available to view on InfoQ.com
Watch videoWhat You’ll Learn
- Learn how aspects of blockchain (including elliptic curve cryptography) allow companies like Coinbase to build user-controlled products.
- Hear about the trade-offs a merchant faces when accepting crypto as payments between usability, control, and privacy.
- Learn how payments in the blockchain world differ and are similar to credit cards, ACH, SEPA, checks and debit cards.
Abstract
Coinbase Commerce is a user-controlled payment processor. Since launching in February 2018, we have processed millions of dollars worth of transactions totally free. We never hold the merchants funds, which means the merchant is always the sole custodian and guardian of their funds via a private key. Come learn how we use hierarchical deterministic wallets to separate the ability to spend funds and the ability to receive funds so that the merchant can always be in control of their financial destiny!
QCon: Do I need to know anything about crypto or blockchain to attend this talk?
Amy: Absolutely not! Amy will explain private and public keys as well as blockchain addresses, which is all that is needed to understand the talk.
QCon: What will I learn from the talk?
Amy: You'll learn how elliptic curve cryptography gives you control of your financial destiny and how aspects of blockchain allow companies like Coinbase to build user-controlled products. You'll also hear about the trade-offs a merchant faces when accepting crypto as payments between usability, control and privacy. Lastly, you'll also learn about how payments in the blockchain world differ and are similar to credit cards, ACH, SEPA, checks and debit cards.
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