Coinbase becomes a ‘super app’: Armstrong CEO | CoinDesk JAPAN | Coin Desk Japan

Brian Armstrong, CEO of cryptocurrency trading giant Coinbase, is undeterred by SEC lawsuits, turning his platform into a global “super app” like WeChat. We continue to draw a grand vision to make it.

Super apps provide users with a wide range of services, including financial services and hospital appointments. Tencent’s WeChat is a prime example.

In Asia, “people have apps to use digital money in all areas of their lives,” the CEO said at the State of Crypto Summit conference held by Coinbase and the Financial Times in New York on the 22nd. Told.

“We want to be that super app, but everything will revolve around a decentralized protocol,” Armstrong said, adding that the app is not only about money and assets, but about social interactions. was also used.

A decentralized app (dapp) is like a digital app on a mobile device, but based on blockchain technology. Decentralization allows dapps to create a digital economy with peer-to-peer services, keeping users’ data out of reach of large corporations.

The SEC has sued Coinbase for operating as an unregistered broker, exchange, and clearing house and acting as an intermediary operator in violation of federal securities laws. Along with a similar lawsuit against Binance, it has caused ripples across the industry.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Brian Armstrong, CEO (CoinDesk)
｜Original: Brian Armstrong Envisions Coinbase Eventually Becoming a ‘Super App’