The accelerating adoption of blockchain continues to reshape the global financial landscape, driving a transition toward more open and decentralized systems. Cryptocurrency exchange Coinbase (Nasdaq: COIN) reiterated its long-term mission on Oct. 9, with Chief Executive Officer Brian Armstrong emphasizing the company’s goal to expand universal access to money through crypto innovation. He reaffirmed that Coinbase is developing the infrastructure necessary to bring the next billion participants into the digital financial ecosystem.

Armstrong stated on social media platform X:

The internet gave everyone a voice. Crypto will give everyone free access to money and fairer financial systems.

He continued: “When access to finance is universal, borders matter less and value moves at digital speed.”

Elaborating on the broader implications of blockchain adoption, Armstrong added:

The ripple effects: governments rethink money and finance evolves into an open-source system—inevitably onchain.

“This future is closer than most think and that’s why Coinbase is building the rails to onboard the next billion,” the executive stressed. His remarks reflect Coinbase’s view that the democratization of financial access through crypto is not a distant goal but an imminent reality.

Market observers see Armstrong’s remarks as part of a broader move toward decentralized finance (DeFi), which aims to expand financial access through blockchain. Supporters say it can cut costs and aid the underbanked, while critics cite regulatory and infrastructure hurdles. Advocates still argue crypto’s borderless nature could transform the global economy as the internet did communication.

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