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Blockchain Sees 'iPhone Moment' as Coinbase CEO Predicts New Wave of Finance

Guavy AI Editorial Team
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Coinbase CEO Brian Armstrong believes that blockchain technology is on the verge of revolutionizing the financial industry, much like the iPhone did for mobile phones. In his opinion, tokenization and 24/7 markets will be enabled by programmable assets on blockchains.

Armstrong drew a comparison between Apple's initial release of the iPhone and the potential impact of blockchain technology. Just as the iPhone didn't predict the rise of companies like Uber or TikTok, but provided the infrastructure for new applications and services, blockchain could play a similar role in finance.

The immediate benefits of tokenization, according to Armstrong, include global access, enhanced functionality, and 24/7 trading. However, he predicts that the technology will also lead to the emergence of new financial companies that we cannot yet imagine.

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