In another video published by Fortune, the CEO of Coinbase Brian Armstrong compactly spreads out the straightforward groundbreaking strategy for Coinbase and clarifies why the company is considerably more than a popular digital currency trade in the US.
The mission is to modify the economy by reconstructing how we exchange the value.
“Web 1.0 was a lot about the publishing of information on the web. Web 2.0 where Google took off, among other companies, was about interaction on the internet and messaging and sharing data. Web 3.0, we think, is going to be about value transfer on the internet. I think Coinbase can be the Google of crypto in the sense that this new way that applications are being built on the internet, Web 3.0, we can be the leading company in the world.”
Coinbase’s Vision Goes Beyond Bitcoin In Its CEO’s Words
I started Coinbase for a few reasons. The first reason was that I happened to read about this new technology Bitcoin when the whitepaper came out in 2010. And I remember thinking that this is the most important thing I learned in probably five years. Of course, that’s what got me excited enough to keep thinking about it and pursuing this. This idea of the world is having a universal currency or a native currency of the internet that everybody in the world can get.
Coinbase is a cryptocurrency exchange. So with the most popular place that people come to buy cryptocurrencies like Bitcoin, Ethereum and others. We also have a custody product so people can store cryptocurrency securely. We are one of the largest custodians of cryptocurrency out there. And we have a handful of newer products that are helping people. For example, except cryptocurrency payments, use these new types of applications that are coming out like decentralised apps. So we have some new products to make the job easier.