Coinbase CEO Armstrong Says Crypto Is Path to Financial Inclusion

Coinbase CEO Brian Armstrong wants to build an open financial system.

As part of the company’s roadmap outlined during an open house, Armstrong said his firm would continue to take a leading role in the development and dissemination of blockchain technology to get “100 million or more people to start [using] cryptocurrency.”

Armstrong said:

“We can actually change the law, you know, bend this curve and materially change the economic freedom of the entire world by what we’re going to build … The vision for Coinbase is creating more economic freedom for every person and business in the world over the next ten years.”

To this end, Coinbase will continue to invest in industry startups through its incubator program, Coinbase Ventures. It will also roll out a suite of products aimed at lowering the bar of entry to cryptocurrencies and expand the ways people can earn cryptocurrency.

“Coinbase can’t do it alone, there needs to be thousands of companies out there,” he said.

While his firm has already invested in 50 or 60 startups, he pointed out there are new investment strategies like security tokens and initial exchange offerings that will propel the industry forward. Read More at CoinDesk...


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