Here’s what Crypto will look like in 2030, according to Coinbase CEO Brian Armstrong

Coinbase CEO Brian Armstrong gives his predictions for the state of crypto in 2030, predicting “significant progress” in a number of areas.

In a new interview with Bankless, the head of the top US cryptocurrency exchange says that along with significant technological advances, he expects there to be one billion users of digital currencies around the world by the end of the decade.

“2030. I think we’ll have made significant progress in a number of dimensions. I think blockchains will be more scalable. I think a lot of the ease of use will be there. You just send it to somebody’s DNS [domain name system] name or any default takes off. Payments arrive instantly for less than a krone anywhere in the world. That kind of just basic stuff.”

Armstrong says he believes that by 2030 central bank digital currency (CBDC) will become more widespread, and he hopes existing stablecoins will act as CBDC in the US.

“I think we will see more central bank digital currencies. I’m hoping that the U.S. essentially grandfathers in these stable coins that have followed the rules and are only backed by U.S. dollars, and they become the de facto CBDC in the U.S.”

Other predictions from Armstrong include that other countries will follow El Salvador and make crypto legal tender.

“I think we’ll see more countries around the world adopting crypto. Kind of like what we did with El Salvador. And I think we’ll see, actually, probably by 2030, I don’t know what my prediction is, but in at least a handful of others, if not perhaps some even mid-sized ones, may even begin to adopt crypto as a legal form of tender.”

He also believes that by 2030, crypto technology startups will launch with the assumption that crypto will play some role in their core function.

“We used to call them dot-com startups. But now you just call it a startup. Every startup uses the internet. I think by 2030 there won’t be a crypto startup. It’s just that every startup will use crypto on some way, shape or form, whether it’s to raise money or collect payments from their customers or build their community or whatever.”

Ultimately, Armstrong predicts broader use of crypto and application innovation in the Web3 space.

“I hope by 2030 we have a billion people in the world accessing an open financial system every day through products like Coinbase and others around the world…

And we’ll probably see a whole other category of applications being built that are in this new decentralized way of Web3. There will be a lot to get done by 2030. But I think it is certainly possible.”

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox

Check price action

Follow us on TwitterFacebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney