I'm glad to see the adoption of such changes. The 'hodl' crowd have changed their talking points to 'Bitcoin is an asset, not a currency' but as far as I'm concerned, if that's how it ends up--if you can't pragmatically buy a $2 cup of coffee with BTC--it would really puncture the immense promise of decentralized financial tech.
This is good to see for Coinbase users.<p>> A common piece of feedback from customers is transaction fees for sending Bitcoin on Coinbase are too high.<p>For example, around $2.50 for a 1:1 send last week or so. This is on top of the cut they take for purchases.<p>Clients that implemented SegWit were able to charge much lower transaction fees (~$0.15 for confirmation in 20 minutes -- less for longer waits) for the same kind of transaction.
Nice to see them being more resourceful. Coinbase was wasting thousands each day for a while by overpaying in bitcoin transaction fees - effectively donating customers funds to miners.