Coinbase today announced a new milestone: over 1 million consumer wallets, up from just 13,000 at the start of 2013. The company also revealed it is now seeing more than 25,000 merchants using its platform to attract new customers and more than 4,000 Bitcoin applications created using its API.
Without naming names, Coinbase also mentioned that recent issues in the Bitcoin community show that the virtual currency has a long road ahead of it. “We are fully committed to helping continue to bring the stability and confidence required to help ensure Bitcoin is as useful as possible for consumers, merchants and developers alike,” the startup declared. That’s a big promise for a big customer base.
Image Credit: George Frey/Getty Images