Statement from Coinbase CEO: Bank Note Will Lose Value

Statement from Coinbase CEO: Bank Note Will Lose Value

Brian Armstrong, the CEO of Coinbase, one of the major crypto exchanges, emphasized that cryptocurrencies like Bitcoin are superior to cash. Armstrong pointed out that the use of the virus epidemic that affects the Earth is not very good, Armstrong said that the circulation of paper and coins among people is never hygienic. Chinese officials disinfect or destroy potentially infected money to reduce or even stop the spread of coronavirus. On the other hand, America keeps the dollars from Asia and Europe in quarantine for up to 10 days. Coinbase CEO said, “Most of the peer-to-peer payment practices are in the US today and the fiat currencies will lose their value faster with the upcoming inflation. It is time for the world to have a global money-based payment system. ”