đ Game Changer for Payments! Coinbase CEO Shares Hot Takes on Crypto Developments đ„
At the State of Crypto Summit 2024, Coinbase CEO Brian Armstrong shared exciting insights with Ark's Cathie Wood. Armstrong highlighted Coinbaseâs layer-2 solution, Base, as a revolutionary step in blockchain tech, comparing it to the leap from dial-up to broadband internet. Base enables instant, free USD coin transfers globally, making payments and remittances smoother and more efficient.
Armstrong also discussed cryptoâs evolution from a mere asset class to a tool for real-world applications like payments, voting, and decentralized social networks. He believes cryptoâs ability to facilitate peer-to-peer transactions without intermediaries significantly reduces economic friction.
Looking ahead, Armstrong envisions crypto powering a substantial portion of the global economy. He predicts that within a decade, 25% of global GDP could be conducted via crypto, thanks to its efficiency in streamlining transactions. đđž
