Brian Armstrong, CEO of Coinbase, the largest US cryptocurrency exchange, continues to take steps for cryptocurrency regulation.
At this point, Coinbase CEO, who made a new post on his Twitter account, stated that the next step for cryptocurrencies is to make crypto payments instantly and free globally.
Asking the crypto community for help with this, Armstrong said that everyone should work hard.
“The next step for crypto is to make payments globally instantly and free of charge.
This will require a lot of work from all of us.
The magic threshold at this point would be the average payout received under 1 cent and confirmed in under 1 second.
If we can achieve this, I think we will see more payments move to crypto.
Today, crypto has the potential to improve the global payments infrastructure, but it has yet to deliver on that promise, largely because we're still stuck at tier 1.”
Block co-founder Jack Dorsey and MicroStrategy founder Michael Saylor also commented on this share of Coinbase CEO.
Famous Bitcoin maximalists Dorsey and Saylor advised Coinbase to integrate the Bitcoin Lightning Network into the exchange for faster payments and better infrastructure.
However, Solana (SOL) co-founder Anatoly Yakovenko disagreed with Saylor and Dorsey, arguing that the USDC in Solana is faster and cheaper than the Bitcoin Lightning Network with an average confirmation time of 1.3 seconds.
*Not investment advice.