Coinbase CEO Envisions Crypto Super App to Rival Banks
Coinbase CEO Brian Armstrong has announced ambitious plans to turn the exchange into a comprehensive crypto & bitcoin super app, aiming to provide a full range of financial services that could replace traditional banks.
Armstrong targets legacy banking inefficiencies
In a recent interview, Armstrong highlighted the inefficiencies of current banking systems, particularly high transaction fees associated with credit cards. He asked:
“It kind of boggles my mind. Like, why are we paying two to three percent every time we swipe our credit card? It’s just some bits of data flowing over the internet. It should be free or close to it.”
Armstrong stated that Coinbase’s…
