Square holds
the bitcoins on behalf of users and said it would not add extra fees to bitcoin transactions.
This includes all messages sent by SMS
Bitcoin on behalf of the user.
Not exact matches
Also,
users do not technically hold the
Bitcoin they purchase through the app themselves, as Square plans to keep safe all
bitcoins on behalf of its customers.
Account services manage a
bitcoin wallet
on behalf of users, much like a bank manages a customer's funds.
The way that Bsave is able to pay its
users interest
on their
bitcoin holdings is by engaging in margin lending
on the Bitfinex trading platform
on behalf of its
users.
In addition to his support for
Bitcoin Unlimited, Bhardwaj also feels that the various contributors who work
on Bitcoin Core are incapable
of handling further development
of the
Bitcoin protocol
on behalf of its
users.
On behalf of tens
of thousands
of users served by the
Bitcoin Embassy, as well as the dozens
of startups served by the
Bitcoin Embassy such as Satoshi Counter, Satoshi Portal and Bylls, we thank the miners that have adopted Segregated Witness and are excited for the unanimous adoption
of SegWit in 2017, which will certainly be
Bitcoin's best year yet.
In an analytical column, the Zebpay team explained that
Bitcoin exchanges and businesses tend to overpay
Bitcoin fees
on behalf of their
users to prevent bad
user experience and transactions from being stuck.