.coinbase CEO brian_armstrong imagines a future where it will be used not just for money and assets, but also for social interactions. 'We want to be that super app, but it's all going to be based on these decentralized protocols,' he says.
Super apps bundle together a wide array of activities like financial services, booking appointments with a doctor and much more. Tencent's WeChat is one of best-known.
In Asia, for"some time ... people have apps that they use [for] digital money in all kinds of areas of their life," he said Thursday at the State of Crypto Summit organized by Coinbase and the Financial Times in New York. "I think that in Coinbase, this case, we want to be that super app, but it's all going to be based on these decentralized protocols," Armstrong said, adding that the app will be used not just for money and assets, but also for social interactions., or dapp, is like the programs found in mobile devices but with the added feature that they use blockchain technology.
The SEC recently accused Coinbase, one of the largest crypto exchanges in the world, of operating as an unregistered broker, exchange and clearing agency at the same time, soliciting customers, handling orders, allowing for bids and acting as an intermediary all at once, in violation of U.S. securities laws.
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