CoPay, the customer wallet application by the well-known bitcoin payment processor, BitPay has few new features to offer its users. According to the latest post by BitPay, CoPay users will now be able to buy and sell bitcoin inside the wallet itself.
This new bitcoin trade feature on CoPay is an extension of the earlier Coinbase integration. The new feature will be available for those who have updated their CoPay wallet application to the latest vision 1.10.1.
Both BitPay and Coinbase are Digital Currency Group portfolio companies. Barry Silbert, a serial investor in the bitcoin sphere and also the CEO of Digital Currency Group has invested in both of these bitcoin startups.
The latest feature is now available for CoPay users in all the regions that is currently supported by Coinbase. That includes about 32 countries including the United States and Canada. However, the buy and sell feature on CoPay comes with a limitation. Users can buy or sell only up to $1000 per day.
As CoPay makes use of the trade function provided by Coinbase, users have to link the CoPay wallet with their Coinbase account to make use of this new feature.
CoPay announced the integration of bitcoin exchange feature late last year. CoPay had partnered with Glidera bitcoin exchange to offer this feature. However, the feature was not available to all users as the buy and sell feature was supported in only select US territories.
Now with the integration of Coinbase exchange services, the features are more widely available. BitPay has already built a reputation as a trustworthy bitcoin payments processor. The same holds good with Coinbase when it comes to bitcoin consumer application. The collaborative effort by both the companies may result in some really happy customers.