Emphasizing that cryptocurrencies are already superior to cash in a critical area, Coinbase’s CEO Brian Armstrong said, “It is time for the world to have a global money-based payment system based on a solid money,” suggesting that fiat money will lose value with the approaching inflation. said.
Brian Armstrong, CEO of Coinbase, one of the leading crypto exchanges, emphasized that cryptocurrencies like Bitcoin are already superior to cash in one direction .
Pointing out the danger of using physical money in the midst of a global health crisis, Armstrong said that the circulation of paper money and coins among people is never hygienic.
As is known, Chinese officials disinfect or destroy potentially infected money to stop the spread of coronavirus. On the other hand, America keeps the dollars from Asia and Europe in quarantine for up to 10 days.
In addition, Armstrong points out that another unique feature of Bitcoin, such as its limited supply of 21 million, will remain an important advantage over nominal money.
“Today, most of the peer-to-peer payment practices are in the US, and fiat currencies will lose their value faster with the upcoming inflation,” said Coinbase CEO. It is time for the world to have a global money-based payment system. ” uses expressions.