BITCOIN WALLET SERVICE Coinbase is expected to open the first virtual currency exchange in the US today.
The firm is tightlipped on its plans, but The Wall Street Journal has the skinny and reckons that today is the day.
The paper reports that the plot is well advanced and that Coinbase has been shaking hands and making plans for some time.
Coinbase has enviable user numbers and good relations with firms and just recently made it easier for merchants to adopt its services.
Coinbase is something of a bitcoin enabler and lets customers buy, store and spend the virtual currency.
The WSJ says that the exchange has investment from the New York Stock Exchange, and that 2.2 million consumers and around 40,000 merchants use its services.
The system will launch in the US initially in states where bitcoin is accepted, and Coinbase expects to roll out the exchange globally.
"Our goal is to become the world's largest exchange," CEO Brian Armstrong told the paper.
Coinbase will take a 0.25 percent cut of any transactions, the WSJ said, but this will be waived in the early stages of the exchange.
We have asked Coinbase to confirm, or at least comment on, the WSJ report and are waiting for a response.
For now we can turn to history and see that Coinbase has a good record of aligning itself with companies and has earned a good deal of confidence from the big players.
Coinbase has been adopted by PayPal, along with two other providers, as a payment method in the US.
So that's why she's smiling…
How many Zuckbucks to the pound?
Alexa, is this exploitation?