Brian Armstrong: “Coinbase account will eventually replace bank cards”
Date: 2024-06-19 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Coinbase CEO Brian Armstrong said the company plans to introduce functionality that will encourage customers to use the platform as their main account for everyday transactions, replacing traditional bank cards and accounts. This announcement generated widespread interest among users and analysts.
Coinbase plans to expand functionality
Armstrong emphasized that the company does not intend to become a bank, but intends to become the main financial operator for people. According to him, the future of finance lies in digital money and mobile gadgets, which opens up great opportunities for Coinbase.
“We strive to become people's primary financial provider. Digital money and mobile devices will be the basis for access to all financial services. We already have USD Coin for those who want to store their savings in US dollars. In the future, we plan to add features such as the ability to directly receive or send bank transfers. This way, the exchange account can become the primary financial account for our clients,” Armstrong said.
Brian Armstrong noted that more than half of the Fortune 500 fintech companies are already devoting significant resources to developing universal solutions. These solutions allow you to close in your ecosystem the circulation of digital assets and services that were previously provided only in the traditional banking sector.
He believes such innovations and growth strategies will help cryptocurrency platforms like Coinbase gain the trust of users and become a central part of their financial lives.
The future of cryptocurrency payments
Armstrong also expressed confidence that in the foreseeable future the crypto community will come to instant and free payments with digital assets around the world. This vision involves significantly simplifying and reducing the cost of financial transactions, which will make cryptocurrencies more accessible and attractive for mass use.
Coinbase's plans to expand the functionality of its platform could fundamentally change the way financial services are used. The emergence of cryptocurrency accounts as mainstream financial instruments will open new horizons for users, offering them more freedom and opportunity to manage their funds.
