Can one of you tech savvy guys tell me why ICO's don't use services like Coinbase to accept funds for their ICO's?
I see in my account where I could add a shopping cart to my website to take payments in many different coins (the same way I would add a Paypal cart) and that takes about 5 minutes. Why don't these guys just use one of these services and they could accept just about any coin?
Using Coinbase in this context would sacrifice all the financial power that ICOs provide. Their utility is sidestepping the legacy banking and investment sector, removing friction between investors and project developers.
Coinbase is tightly regulated. That means the money could be restricted (frozen, subject to withdrawal limits), since it is under control of a third party. They also might run afoul of the SEC if used to crowdfund for unregistered securities.