Coinbase (YC S12) launches subscriptions and recurring payments using Bitcoin

by Y Combinator5/16/2013

Recurring payments are necessary for a ton of services – anything where you periodically receive a bill.

Some examples include:

  • Publication subscriptions
  • Collecting rent
  • Maid services
  • Ride sharing
  • Gym memberships
  • Recurring donations
  • And many more

Outside of a customer/merchant context, we also added the ability to:

  • Buy and sell bitcoin at regular intervals – great if you’d like to scale in to owning Bitcoin gradually
  • Send or request bitcoin from other people
  • This is helpful if you’d like to pay rent, bills, friends, etc on a regular basis, or regulating invoice clients.

Recurring payments can be set up per day, week, month, year, etc.

Author

  • Y Combinator

    Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200). The startups move to Silicon