Author: Gary Eastwood / Source: The Next Web
Around the world, popular cryptocurrencies like Bitcoin and Ethereum are being embraced by wide swaths of investors and tech enthusiast alike, which has generated a surge in cryptocurrency-supporting technologies, platforms, and websites. One of these supporting companies, Coinbase, has itself garnered a global reputation thanks to how much of a staple it’s become in the broader cryptocurrency community.
But does cryptocurrency really need a company like Coinbase to suceeed?As we’ll come to see, if cryptocurrencies ever really hope to become mainstream, some fundamental changes need to be made, and the widespread embracing of companies like Coinbase is a great place to start.
The new way of doing business?
Bitcoin’s historic rise drew global media attention for good reason; so many investors around the world are embracing cryptocurrencies that they’re starting to garner absolutely massive valuations, and some are even arguing that cryptocurrencies are becoming the new way of doing business before our very eyes. The cryptocurrency market as a whole is seeing some seriously explosive growth right now, and it’s unlikely to slow down anytime soon. Some crypto-investors still worry, however, that cryptocurrencies as we know them today may never be able to reach their full potential without the help of companies like Coinbase.
This is because, despite its popularity with crypto-miners and investors views across the globe, cryptocurrencies as a whole remain relatively untrusted by today’s leading financial institutions and state governments. If you take a look at the way many central governments and financial institutions are starting to target leading cryptocurrencies like Bitcoin with more regulations, you’ll come to realize that the era of cryptocurrencies could very well be brought to an end by excessive regulations if these new digital currencies don’t adapt in order to survive.
That’s where companies like Coinbase come in. Coinbase, one of the most popular cryptocurrency exchanges on the web today, is already beginning to attempt to woe over Wall Street titans by harking a new suite of products that could prove to be more alluring to established financial behemoths. Many leading banks…
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