Cryptocurrency payments will be on the rise, according to Coinbase CEO Armstrong
that cryptocurrency payments will eventually gain traction during this decade."It's funny to look back on how I thought payments was going to be the first killer app for crypto, and it turned out trading was the best business in crypto for the first 10 years," he said in a social media post.Armstrong pointed to the growing stablecoin volume as a sign of the growing adoption of crypto in the payment industry.
The job offer, which was posted on the website of prominent startup accelerator Y Combinator, dates back to March 2012. It touted"an emerging tech" that could potentially change the world. The post claimed that a digital currency like Bitcoin or its derivative would be a boon for payments. Armstrong was looking for a co-founder who would be able to share his vision of creating"Paypal for Bitcoin" that would be able to disrupt transaction fees.
"You must be technical, have a passion for this space, and have insane work ethic. Let me just stress again that you must be a deeply technical builder . There is no room for idea people at this stage," Armstrong stressed. It predicted that crypto would initially see substantial adoption in developing countries without stable currencies. Despite the fact that the tech was promising, crypto was still too cumbersome and confusing for ordinary people. . The startup, which was focused on payments, allowed users to send BTC via email. Bitbank was being actively promoted by Armstrong via Tumblr, Reddit, and other social media platforms.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase's Brian Armstrong Gives Crucial AI StatementCEO of Coinbase has shared insights into crossover of AI and crypto
Read more »
Coinbase could be ready to achieve a mainstream milestone that boosts the stock, predicts OppenheimerBlockchain development in the U.S. is reaching a 'monumental turning point,' Oppenhimer said.
Read more »
U.S. crypto exchange Coinbase adds three board members, including OpenAI executiveU.S. crypto exchange Coinbase adds three board members, including OpenAI executive
Read more »
Coinbase's second-quarter revenue surges on crypto trading resurgenceCoinbase's second-quarter revenue surges on crypto trading resurgence
Read more »
Coinbase Q2 earnings beat expectations as crypto market posts signs of potential recoveryCoinbase (COIN) is down 5% on Thursday after announcing a strong Q2 earnings report that surpassed market expectations.
Read more »
Coinbase’s Paul Grewal Says Crypto Should Remain Non-PartisanTechnology should transcend the political divide, Coinbase’s Chief Legal Officer says
Read more »