Coinbase CEO Names Three Things Crypto Needs for Mass Adoption
Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, believes that crypto mass adoption mostly depends on volatility, scalability and usability.
Armstrong ran the 45-minute AMA on Tuesday, answering selected questions submitted by the crypto community.
As per volatility, if the crypto markets keep swinging dramatically, it will be hard to get more traditional investors involved, Armstrong said.
Armstrong further added that there are currently up to ten teams working on scalability solutions, such as the Lightning Network, to improve the speed of crypto transactions.
He suggested crypto investment for retail investors should work much easily, using popular Chinese app WeChat as an example of usability.
Armstrong also commented on recent skepticism towards Coinbase in the community, evidently referring to the most recent #DeleteCoinbase movement as an example.