Coinbase CEO Brian Armstrong recently spoke on where he sees the future of crypto payments going. He predicted a significant growth influenced by stablecoins, and that we will see more crypto transactions in the coming decade.
According to Armstrong, crypto payments will go mainstream this decade because of the increasing volumes of stablecoins and improved user-friendly technology. The growing volume of stablecoins points toward increased adoption in the payment industry. “I think payments will probably take off in the second 10 years, now that we have stablecoins (USDC), layer 2 (Base), human-readable names (ENS), and simpler onboarding (Smart Wallets),” the Coinbase CEO posted on X. “It has already started if you look at stablecoin payment volume.”
Armstrong’s positive outlook on the future of cryptocurrency payments signals a potential shift from trading to mainstream transactions. The world of crypto is growing in popularity, with countries globally adjusting their regulations on digital currencies. Additionally, crypto has become a focal talking point in the upcoming US election.
Crypto and blockchain education is also becoming an important tool for young investors in multiple countries. In South America, multiple countries label crypto as a future anchor in finance, focusing on Bitcoin. The arrival of Spot crypto ETFs in the US played a pivotal role in the rise of cryptocurrencies in 2024, seeing most assets explode to highs not seen since 2021.
Coinbase’s CEO also pointed to several innovations that could increase the adoption of crypto payments. Human-readable names, smoother onboarding, and enhanced transaction flow may all play a part. In Armstrong’s words, all these changes will cause an increase in cryptocurrency accessibility for customers.