Coinbase CEO Brian Armstrong has ambitious plans for the crypto exchange platform. He envisions Coinbase becoming the primary financial account for its customers, replacing traditional bank accounts.
Mobile Money Revolution
Armstrong believes that the future of banking lies in digital money and mobile access. “Your phone is your bank account in the future,” he said. “There’s going to be a whole generation of kids who grew up without bank branches or checkbooks.”
Coinbase is already laying the groundwork for this future with features like the Coinbase Card, which allows users to spend their crypto, and USD Coin, a stablecoin pegged to the US dollar.
Crypto Adoption on the Rise
Armstrong also noted the growing adoption of crypto among major players in traditional finance. “Fifty-six percent of the Fortune 500 are now doing something on-chain,” he said. “Crypto is here to stay, and the biggest companies in the world are all integrating it.”
