Coinbase CEO Brian Armstrong: Crypto Needs These 3 Things For Proper Mass Adoption

2019-4-7 23:45

Being an industry growing in popularity and attracting various major players, the crypto space is always a subject of discussion. Many influential market players have come out to offer their opinions about the price direction as well as the future possibilities for the crypto industry. The latest to speak up is one Brian Armstrong, the CEO of Coinbase.

While answering questions during a live ask-me-anything session on April 2nd, Brian opined that for the crypto world to really make it big in terms of mass adoption, 3 things must balance.

Volatility Needs To Decrease

First, Brian talked about the volatile nature of cryptocurrencies, saying that this needs to change in order to attract more investors. If prices keep fluctuating without notice, chances are that most traditional investors will be inclined to stay away from such an unstable market.

However, if the volatility could be reduced to more manageable levels, cryptos are likely to score better mass adoption. Brian went on to note that stablecoins present a solution to this problem. Also, more and better use cases for cryptos would help manage the price volatility.

Improvement On Scalability Solutions

In Brian’s account, there are about 10 good teams working on solutions to improve the scalability of various crypto networks. Bitcoin’s Lightning Network is a great example of that. With better scalability, crypto networks are able to run at higher transaction processing speeds that don’t keep users waiting. In effect, better speeds make the crypto-related payment solutions more attractive to the masses.

In fact, a lot of crypto fans expect the transactions speeds to one day reach 5000 transactions per second. At such levels, crypto networks would be handling transaction volumes comparable to PayPal and Visa, and that would definitely influence adoption positively.

Ease Of Crypto Usability

Speaking of the current crypto acquisition and investment processes involved, Brian noted that the current procedures are too complicated with many steps to be followed. If these procedures could be simplified, more people would be interested in cryptos and mass adoption would happen faster. Brian mentioned the Chinese social media platform, WeChat, as one of the platforms that developers can use to simply retail trade of cryptos.

The post Coinbase CEO Brian Armstrong: Crypto Needs These 3 Things For Proper Mass Adoption appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.03962 (-100%)

crypto armstrong brian industry adoption players coinbase

Источник: zycrypto.com

crypto armstrong → Результатов: 67


Фото:

Coinbase Earn раздаст 1 млрд XLM любознательным пользователям

Подразделение Coinbase Earn в партнерстве с некоммерческой организацией Stellar Development Foundation раздаст 1 млрд XLM авторизованным пользователям, которые захотят узнать больше о протоколе Stellar.

2019-3-27 09:58


Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’

Brian Armstrong, the CEO of Coinbase, one of the world’s largest crypto exchanges, said that the company conducted internal research on the QuadrigaCX case. QuadrigaCX has been claiming that Gerald Cotten, its CEO, passed away with sole control over its cold wallets containing $150 million in various cryptocurrencies including Bitcoin and Ethereum.

2019-2-23 15:21


Brian Armstrong Proposes The Community To Create A WiFi Access Point That Accepts Crypto

Brian Armstrong, the co-founder and CEO of Coinbase, one of the largest crypto platforms in the market, seems to have a very interesting proposal for an entrepreneur in the crypto community. The co-founder of Coinbase wrote on Twitter a small thread in which he asked the community whether someone has already tried to create a […]

2019-1-24 13:36


Фото:

Cryptocurrency Adoption to Accelerate Rapidly in the Next Five Years Believes Coinbase CEO

With headlines screaming about the recent crypto market correction, readers would inevitably become depressed and erroneously conclude that the future is bleak for the industry. However, buried somewhere beneath all the negative news are signs that the entire industry is heading to a brighter, more stable future.

2018-9-12 20:34


Facebook разрешил рекламу Coinbase

Крупнейшая в мире социальная сеть Facebook добавила американскую компанию Coinbase в список одобренных рекламодателей. Facebook banned ads for crypto earlier this year. Proud to say we’ve now been whitelisted and are back introducing more people to an open financial system 👌 pic.

2018-7-21 19:44


дальше еще 18 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Coinbase will delist Wrapped Bitcoin (WBTC) next month

Coinbase will delist WBTC on December 19, 2024, due to unmet listing criteria. WBTC will be moved to limit-only mode, with withdrawals still accessible. Coinbase’s cbBTC, launched in September, has been gaining market share in wrapped Bitcoin.

Thumzup to add Bitcoin payments for gig economy workers

Thumzup will soon pay its gig workers via Bitcoin. The Nasdaq-listed media and marketing firm recently added BTC as a treasury asset. Thumzup, the media marketing company that recently adopted a Bitcoin (BTC) strategy with a $1 million purchase, has announced plans to add crypto payments for gig economy workers.