Cryptocurrencies are a Way to Financial Integration

1 min reading

Coinbase's CEO Brian Armstrong would like to create an open financial system, and his exchange wants to help with this idea.

Armstrong's ambitions

Coinbase is one of the most important cryptocurrency exchanges in the world. By using its strong position in the industry, Armstrong would like to further develop and distribute blockchain technology to make "100 million people or more" use cryptocurrencies.
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.
For this purpose, Coinbase will continue to invest in startups thanks to the Coinbase Ventures program. It will also develop a whole range of products aimed at reducing barriers for cryptocurrencies which are going to enter the market. It will also help people to buy them. Armstrong emphasizes:
Coinbase can’t do it alone, there needs to be thousands of companies out there.

New investment strategies

The exchange has already successfully invested in over 50 startups, and new investment strategies, such as IEO (Initial Exchange Offering) and STO (Security Tokens Offering) are also important. According to Armstrong, it was the emphasis on financial and cybersecurity that made people trust Coinbase. He says that it is this specific image that, in a few years, should make billions of people want to participate in the project of an open financial system.