Payment system news

Coinbase discusses prospects for a growing pandemic

Coinbase cryptocurrency exchange held a meeting at which issues of the functioning of the site during total quarantine were examined. The head of the company Brian Armstrong noted that the crisis time affects all sectors of the economy, which may soon require additional financial assistance from the state, even despite the incentive measures that have already been taken. “In a sense, we were even lucky, since we, as a techno-company, can continue to work, while almost all sectors of the economy are suffering,” Brian Armstrong said, emphasizing that bitcoin is the asset that society needs in such difficult times, because it is protected from inflation and is a global tool. However, according to the head of the crypto platform, one should not rely on too much in the current market situation.

“There are new priorities. We all must put our safety and the safety of our families at the forefront and ensure the normal course of business activity, ”he said.

It is worth noting that the company is making plans for the future, for example, its representatives are confident that it will soon be possible to integrate Coinbase services into modern payment systems, as well as help attract investors to the crypto industry.

Рустам Алиев

Recent Posts

France Emerges as Crypto Crime Hotspot, With an Attack Nearly Every Two Days

France has emerged as a major hotspot for violent crypto-related crime, with authorities recording 90…

7 hours ago

Stellar Eyes 200% Rally as XLM Closes In on $1 Billion Stablecoin Milestone

Stellar (XLM) may be gearing up for a major rally, as its post-breakout price structure…

8 hours ago

ChangeNOW Launches NOW AI After Resolving Website Integration Vulnerability

On October 15, with the help of independent security researchers, ChangeNOW identified a vulnerability affecting…

1 day ago

U.S. Institutions Dumping Bitcoin Faster Than Binance Traders

In recent on-chain activity, US government wallets reportedly deposited $1 billion in cryptocurrency to Coinbase…

2 days ago

Bybit Expands Beyond Crypto as CEO Outlines the Next Phase of Its Financial Platform

Bybit Co-founder and CEO Ben Zhou has outlined the next stage of the company’s evolution…

3 days ago

XRP’s 100 Billion Supply Cap Is Safe After RippleX Fixes a Critical XRPL Flaw

RippleX, Ripple’s engineering and software development team, has patched a critical vulnerability in the XRP…

4 days ago