If you have an app that uses Bitcoin for something, like virtual goods in a game, you need to give your users an easy way to buy the Bitcoin.
Our portfolio company Coinbase has a solution for that problem. It is a “Buy Bitcoin” button, powered by the Coinbase API.
There are some limitations to the buy button right now, which Coinbase hopes to remove over time. They are:
The Buy Widget is currently limited to customers in the United States using debit cards. To enable instant buys with limited KYC, the Buy Widget supports buys up to $5 per day. Each user has also a lifetime limit of $50 after which they are asked to set up a full Coinbase account. These limitations are only temporary and we’ll be adjusting them and adding more payment methods over time to increase limits.
I think that virtual currencies, like Bitcoin and Ethereum, are a great way to create “economies” in your app. So if you want to experiment with this idea, try out the Coinbase Buy Bitcoin button. Details for developers are here.
