Langgampos.com - Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, has shared his thoughts on the evolution of the crypto industry over the past decade via social media platform X.
Looking ahead, Armstrong is optimistic about the future of crypto payments, predicting a surge in their popularity. He cites advancements in stablecoins, layer two technology, and simplified onboarding processes as key factors that could drive growth in the next decade.
“I believe payments might start to take off in the second decade,” Armstrong stated, as reported by Bitcoin.com on Monday, September 9, 2024.
The Coinbase CEO highlighted that the infrastructure for crypto payments continues to improve, with adoption already underway, as evidenced by the increase in stablecoin payment volumes.
“Now we have stablecoins (USDC), layer 2 solutions (Base), human-readable names (ENS), and simplified onboarding (Smart Wallet). It’s already begun if you look at stablecoin payment volumes,” he explained.
Armstrong also emphasized the importance of learning and evolving within the crypto space, describing it as a prime example of the bias toward action and iteration.
In his post on X, Armstrong reflected on the early days of crypto adoption, noting that initial expectations for the growth of crypto payments did not materialize as anticipated, with trading becoming the dominant force in the crypto market.
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