Coinbase CEO Brian Armstrong believes crypto is the future of payments, and he’s not just talking about buying and selling Bitcoin. He thinks crypto payments will become as commonplace as sending a text message.
Fast, Cheap, and Global
Armstrong points to Base, Coinbase’s new platform, which makes transactions on the Ethereum blockchain super fast and cheap. He says this will unlock a whole new world of possibilities for how we use money.
“Imagine a world where you can send money instantly and for almost nothing,” he says. “That could change how we do everything, from social media to getting paid.”
The Frictionless Future
Armstrong uses the example of text messaging to illustrate his point. He says that when text messages were expensive, people didn’t use them very much. But once they became free, the number of messages sent skyrocketed.
He believes the same thing will happen with crypto payments. As they become faster, cheaper, and more accessible, people will use them for everything.
“We’re on the verge of a massive shift in how we use money,” Armstrong says. “Crypto payments are going to be huge.”
