Coinbase merchant payments platform removes support for native Bitcoin and other UTXO tokens

The Coinbase merchant payments platform has removed support for native Bitcoin and other UTXO tokens, with CEO Brian Armstrong stating that a Coinbase account is now required to make merchant payments. Armstrong noted: “Using cryptocurrencies for online payments won’t really become mainstream until we move away from Layer 1 and reduce transaction fees and confirmation times, so we’re working hard to accelerate to get there.” (Cointelegraph)