Topic: Mint Adds Bitcoin Transactions (Intuit app) (Read 1038 times)
thanks for the article. checking out mint.com
I just looked into this, and apparently you have to enable your Coinbase API key, and enter your API key into Mint.com in order for this to work.
IMHO, that is a huge security risk because if your API key is compromised, whomever obtains it has full control of your coinbase account and can empty it out.
Thanks, but no thanks Mint.com and Coinbase!
They should have integrated their services in such a way that Mint.com got read only access to a users Coinbase account, and didn't require an API key that grants whomever has it full account access.
In my opinion, the current Mint.com / Coinbase integration exposes Coinbase users to huge security risks. I would not recommend enabling your Coinbase API key unless you really know what you are doing.
IMHO, that is a huge security risk because if your API key is compromised, whomever obtains it has full control of your coinbase account and can empty it out.
Thanks, but no thanks Mint.com and Coinbase!
They should have integrated their services in such a way that Mint.com got read only access to a users Coinbase account, and didn't require an API key that grants whomever has it full account access.
In my opinion, the current Mint.com / Coinbase integration exposes Coinbase users to huge security risks. I would not recommend enabling your Coinbase API key unless you really know what you are doing.
I'll have to check out this mint thing. Thanks Intuit! Now if you can add the ability to spend I think you can capture a big market for online transactions. I know I would use it.
That's awesome! Love Mint and what Intuit has done over the last few years. Definitely a step in the right move.
They also have a payment product, similar to Square. Hopefully they'll understand the need and will start processing BTC transcations!
They also have a payment product, similar to Square. Hopefully they'll understand the need and will start processing BTC transcations!
Wire: Business Wire (BUS) Date: Jan 30 2014 8:00:00
Mint Adds Bitcoin Transactions
********************************************************************************
BN 01/30 08:01 *MINT ADDS BITCOIN TRANSACTIONS
********************************************************************************
Mint Adds Bitcoin Transactions
First Personal Finance Tool to let People View Digital Currency Alongside
Traditional Accounts
Business Wire
MOUNTAIN VIEW, Calif. -- January 30, 2014
Mint, the leading personal finance app from Intuit Inc. (Nasdaq: INTU), now
lets users view their digital bitcoin transactions processed by Coinbase
alongside their traditional financial accounts.
Bitcoin is an emerging digital currency and a peer-to-peer payment system
which allows people to electronically manage transactions and the issuing of
bitcoins without using traditional financial institutions or other third
parties. Mint is free to use and provides personalized financial insights to
14 million users. It links users to more than 20,000 different banks, credit
cards, loan and investment accounts, allowing them to view their financial
statements in one place.
“By adding Bitcoin visibility, Mint becomes the only personal finance and
money management tool enabling users to view those transactions,” said Vince
Maniago, group product manager for Mint. “This added feature better serves
consumers’ changing financial needs and provides users with a more complete
financial picture.”
With more than 12 million bitcoins in circulation, Coinbase supports the
world's most widely used alternative currency. Coinbase is the largest and
fastest-growing bitcoin digital wallet service in the United States which
supports more than 870,000 consumer wallets, exceeding the customer base of
many mid-sized traditional banks.
“We’re excited to partner with Mint to allow joint customers to manage their
bitcoin wallets in much the same way as their bank accounts or credit cards,”
said Fred Ehrsam, co-founder of Coinbase. “This further demonstrates that
bitcoin is becoming more broadly adopted by consumers, and we look forward to
working with the team at Mint to help make that a reality.”
Mint is free to download and use from the App Store on iPhone, iPad and iPod
touch as well as for Android smartphone and tablets at Google Play and on the
Amazon Appstore. Mint is also available in the Windows Store for Windows 8.1
and the Windows Phone Store for Windows Phone 8.
Resources:
* The Mint.com Blog - Mintlife
* Mint.com
* Mint.com on Twitter
* Mint.com on Facebook
* Mint.com on Google+
About Intuit Inc.
Intuit Inc. creates business and financial management solutions that simplify
the business of life for small businesses, consumers and accounting
professionals.
Its flagship products and services include QuickBooks®, Quicken® and
TurboTax®, which make it easier to manage small businesses and payroll
processing, personal finance, and tax preparation and filing. Mint.com
provides a fresh, easy and intelligent way for people to manage their money,
while Demandforce® offers marketing and communication tools for small
businesses. ProSeries® and Lacerte® are Intuit's leading tax preparation
offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2013.
The company has approximately 8,000 employees with major offices in the United
States, Canada, the United Kingdom, India and other locations. More
information can be found at www.intuit.com.
Contact:
Intuit Inc.
Holly Perez, 650-944-6482
[email protected]
-0- Jan/30/2014 13:00 GMT
-----------------------------====================------------------------------
Copyright (c) 2014
################################ END OF STORY 1 ##############################
Mint Adds Bitcoin Transactions
********************************************************************************
BN 01/30 08:01 *MINT ADDS BITCOIN TRANSACTIONS
********************************************************************************
Mint Adds Bitcoin Transactions
First Personal Finance Tool to let People View Digital Currency Alongside
Traditional Accounts
Business Wire
MOUNTAIN VIEW, Calif. -- January 30, 2014
Mint, the leading personal finance app from Intuit Inc. (Nasdaq: INTU), now
lets users view their digital bitcoin transactions processed by Coinbase
alongside their traditional financial accounts.
Bitcoin is an emerging digital currency and a peer-to-peer payment system
which allows people to electronically manage transactions and the issuing of
bitcoins without using traditional financial institutions or other third
parties. Mint is free to use and provides personalized financial insights to
14 million users. It links users to more than 20,000 different banks, credit
cards, loan and investment accounts, allowing them to view their financial
statements in one place.
“By adding Bitcoin visibility, Mint becomes the only personal finance and
money management tool enabling users to view those transactions,” said Vince
Maniago, group product manager for Mint. “This added feature better serves
consumers’ changing financial needs and provides users with a more complete
financial picture.”
With more than 12 million bitcoins in circulation, Coinbase supports the
world's most widely used alternative currency. Coinbase is the largest and
fastest-growing bitcoin digital wallet service in the United States which
supports more than 870,000 consumer wallets, exceeding the customer base of
many mid-sized traditional banks.
“We’re excited to partner with Mint to allow joint customers to manage their
bitcoin wallets in much the same way as their bank accounts or credit cards,”
said Fred Ehrsam, co-founder of Coinbase. “This further demonstrates that
bitcoin is becoming more broadly adopted by consumers, and we look forward to
working with the team at Mint to help make that a reality.”
Mint is free to download and use from the App Store on iPhone, iPad and iPod
touch as well as for Android smartphone and tablets at Google Play and on the
Amazon Appstore. Mint is also available in the Windows Store for Windows 8.1
and the Windows Phone Store for Windows Phone 8.
Resources:
* The Mint.com Blog - Mintlife
* Mint.com
* Mint.com on Twitter
* Mint.com on Facebook
* Mint.com on Google+
About Intuit Inc.
Intuit Inc. creates business and financial management solutions that simplify
the business of life for small businesses, consumers and accounting
professionals.
Its flagship products and services include QuickBooks®, Quicken® and
TurboTax®, which make it easier to manage small businesses and payroll
processing, personal finance, and tax preparation and filing. Mint.com
provides a fresh, easy and intelligent way for people to manage their money,
while Demandforce® offers marketing and communication tools for small
businesses. ProSeries® and Lacerte® are Intuit's leading tax preparation
offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2013.
The company has approximately 8,000 employees with major offices in the United
States, Canada, the United Kingdom, India and other locations. More
information can be found at www.intuit.com.
Contact:
Intuit Inc.
Holly Perez, 650-944-6482
[email protected]
-0- Jan/30/2014 13:00 GMT
-----------------------------====================------------------------------
Copyright (c) 2014
################################ END OF STORY 1 ##############################
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