(CTN News) – Coinbase CEO and Co-founder Brian Armstrong recently shared his perspective on cryptocurrency in a blog post, asserting that it is not merely a temporary fad but rather the harbinger of the future of money.
It is worth mentioning that Coinbase is dedicated to enhancing economic freedom for over a billion individuals, underscoring the revolutionary capabilities of cryptocurrencies in revolutionizing the financial realm and empowering people worldwide.
Coinbase focuses on developing reliable, compliant products.
According to Armstrong, the increasing acceptance of cryptocurrency is being driven by consumers who desire the speed, accessibility, and independence that traditional financial institutions and online payment systems often lack.
This has led many individuals, including 52% of adults aged 18-40, six in 10 Black Americans, and almost half (47%) of Hispanic Americans, to actively explore alternative options within the current financial system.
As the use of cryptocurrency continues to expand, Armstrong emphasizes that Coinbase is dedicated to developing reliable and compliant products and services, supporting developers, and advocating for fair regulations to ensure that the advantages of crypto are accessible on a global scale.
These offerings include Coinbase Wallet, Base, and an International Exchange.
Furthermore, Armstrong highlights international expansion strategy, known as “Go Broad, Go Deep,” which aims to accelerate the adoption of crypto worldwide. The company has recently obtained licenses or expanded its presence in key markets such as Canada, Spain, and Bermuda, demonstrating its commitment to establishing a global presence in the cryptocurrency industry.
In addition, Coinbase has chosen Ireland as its EU MiCA entity location, further reinforcing its dedication to maintaining a global presence in the cryptocurrency space.
Coinbase Restates Dedication to Advancing Cryptocurrency Innovation.
Coinbase’s CEO has reiterated the company’s dedication to establishing a solid foundation for the cryptocurrency industry.
This includes implementing clear regulations, forming strategic partnerships, and offering reliable products and infrastructure to support present and future innovations in the field.
Armstrong emphasized that Coinbase’s decision to go public in the United States is a testament to its commitment to the market, compliance, and transparency.
The exchange firmly believes that its mission is more important than ever, particularly in the face of challenges to the American Dream and democratic principles, which can only flourish in an environment of economic freedom.
Coinbase is optimistic that the US will eventually navigate and embrace the potential of cryptocurrencies. In the meantime, the company will continue to collaborate with countries that are making progress and embracing the next phase of crypto, contributing to the development of a more global and open financial system.
Coinbase recognizes that both the cryptocurrency industry and itself are still in the early stages of their respective journeys.