Coinbase CEO says crypto is the ‘future of money’ – Do you agree?
- Armstrong believes crypto is the future of money with several use cases.
- Coinbase strives to clear a key hurdle in the industry – regulatory clarity.
The crypto market has long been associated with illicit activity and lack of real utility. Even the European Union has joined the naysayers. In February, the European Central Bank criticized Bitcoin [BTC], terming it as “snake oil.”
However, Coinbase CEO Brian Armstrong has dismissed these attacks, citing various crypto use cases.
In a recent blog, Armstrong cited traditional payment challenges and how crypto has solved them.
“Merchants still lose about 2% on every credit card transaction, wire transfers cost $30, and many transactions in the U.S. still take days to clear.”
