Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency. They are making it easy for the average person and business to start buying and selling Bitcoin instantly by connecting their bank account. In addition, Coinbase provides a series of merchant tools that support some of the most highly trafficked sites on the internet. Coinbase processes the first $1,000,000 of merchant orders for free, with a simple 1% fee after that. Combined with no chargebacks by nature in Bitcoin, this provides significant savings to merchants who are paying 3% plus to credit card fees.