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A Billion People Could Use Cryptocurrency in Five Years

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Cryptocurrency billions

Money is being revolutionized in front of our eyes.  All as cryptocurrency creates alternative payment solutions, and decentralized banking.  There is no bank or government involvement, or even a middleman. There are no transaction fees and no real reason to give your actual name. It’s just about revolutionized transactions.

While confidence in cryptocurrencies has crushed many coins in recent weeks, that’s likely to change.

Coinbase CEO, Brian Armstrong believes in its broad adoption

In fact, Armstrong is an optimist even in a time when the cryptocurrency markets are going through a significant crash.

That’s because he believes that up to a billion people will use cryptocurrency in the next five years.

One of the catalysts that could make that a reality is if commercial organizations develop and issue their own tokens.  “It makes sense that any company out there who has a cap table should have their token,” Armstrong said. “Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their tokens.”

Coinbase could List Hundreds of Tokens

Armstrong also wants to make it easier for people to swap local currencies for cryptocurrency.

“We want to be the bridge all over the world where people come and they take fiat currency and they can get it into these different cryptocurrencies,” he says.

That could potentially lead to Coinbase listing hundreds of tokens within years, perhaps millions.  That’s a significant jump from just five currently listed on the site. The future of Coinbase looks something like the New York Stock Exchange, he added.

 

 

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