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Brian Armstrong, co-founder and CEO of Coinbase, said that the percentage of global GDP operating on cryptocurrency rails is expected to increase significantly over the next decade. This statement was made on December 12 during a discussion focused on the efficiencies of stablecoins.
"Crypto is the only payment rail that checks all 3 boxes: fast, cheap, global," said Armstrong, Co-founder & CEO. "Under 1 second, and 1 cent, anywhere in the world. the % of global GDP running on crypto rails will increase dramatically over the next 10 years."
Armstrong's comment was in response to Peter Schroeder, who shared a chart comparing the efficiencies of stablecoins with traditional payment methods. Schroeder emphasized stablecoins' minimal transaction fees and global accessibility, contrasting them with the higher costs and slower processing times associated with credit cards, Automated Clearing House (ACH) transfers, and international wire transfers.
Brian Armstrong's X post on crypto
| https://x.com/brian_armstrong/status/1867284722683912407?s=12&t=fSbw2ruvg9SPttIszTzDpg
