Armstrong
Coinbase co -founder and CEO Brian Armstrong (coin)In Friday’s interview, Coinbase’s long -term goal is to provide encryption with a wide range of financial services beyond traditional banks.
Armstrong talked about Fox Business, saying “Claman Countdown” to Liz Claman that the momentum of Congress is the most powerful. Movement to increase the momentum of coinbase to build a super app.
He explained how the company wanted to approach architecture during the interview.
Coinbase plans to integrate the services from banks and finth tech and deliver them to encryption rails. He pointed out the recently released Coinbase Credit Card, paying 4% for Bitcoin, and 2% -3% of the card network, showing why payment is required.
He said that long -term goals are comprehensive applications that handle spending, savings, payments and investments as well as trading.
Armstrong explicitly explained the ambitions explicitly: “We want to be a bank change for people, we want to be their main financial accounts, and he agreed to be a super app, and that the crypto rails are possible by providing a faster and cheaper settlement.
Washington and Big Bank
According to Armstrong, the road to the super app starts with the members of the National Assembly.
He pointed out the recent passage of the “Genius Act”, which established the rules for Stablecoins, and pointed out a separate market rescue bill in accordance with the Senate’s discussion to define a method of regulating tokens such as Bitcoin and ether in the Senate.
Armstrong said, “The train has left the station.” He argued that clarity could solve years of conflict with the regulatory authorities of the executive.
However, despite the historical promotion of lawmakers, which helps to set up regulatory frameworks for lawmakers, the last obstacle must remove the lobby by a large bank.
He argued that some agencies restrict compensation programs for Stablecoins and undermine traditional payment projects. Armstrong dismissed these concerns, saying that encryption rewards are no different from airline miles or credit card branches.
“American consumers want to make more money with money.
Armstrong criticized the lobbying efforts to block competition, but Coinbase stressed that some of the sectors and partners such as JPMORGAN and PNC provided custody and payment services, allowing some of this sector to accommodate the encryption rails.
Ahead of rivals
Building a super app is a monumental task that has gained momentum, but Coinbase still needs to find rivals that are still fighting for market share.
But Armstrong is not worried. Rather, he welcomes competition.
Armstrong said COINBASE said when a new exchange began in the US market, where Coinbase was found to benefit from head stars. He insisted that the prosperous ecosystem is essential for adopting alcohol, and the advantage of Coinbase is from trust.
According to Armstrong, Coinbase is now recommended to store more passwords than other suppliers so that customers can use a wide range of services from transactions to payments. He said ambition is not to promote transactions, but to be a platform that people use as “first financial accounts.”
Armstrong’s “Basic Account” vision reflects the remarks of ROBINHOOD CEO VLAD TENEV, which asked, “Can we become a comprehensive financial platform?” And according to a report from the Business Insider released on September 15, according to a brief description of the goal, a comparison shows that multiple American fintech can expand beyond trading to everyday finance.
Bitcoin view
The interview also affected a wider market.
Armstrong has avoided short -term predictions, but it is a “good opportunity” that Bitcoin can reach a million dollars by 2030.
He cited three major tail winds: regulatory clarity, creating a strategic Bitcoin protection zone, and entering the newly released Bitcoin ETF.
He pointed out the role of Bitcoin in the portfolio to the hybrid of gold and stocks, and many investors are now regarded as hedge and long -term growth assets of uncertainty.
