Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
The post Banks for Crypto Super App, Coinbase’s Brian Armstrong Sets New Target appeared on BitcoinEthereumNews.com. Key Notes American cryptocurrency exchange Coinbase plans to displace traditional banks with a crypto super app. Coinbase CEO Brian Armstrong is irked by the shortfalls of the current banking system. He has promised 4% Bitcoin rewards with the coming of the crypto super app. Coinbase CEO Brian Armstrong may have found a way that the cryptocurrency sector can operate without the input of traditional banks. He hinted at plans to roll out a crypto super app, which will offer credit card services, payments, and even Bitcoin (BTC) rewards. Should this pull through, it will invariably rival traditional banks. From 3% Transaction Fees to 4% Bitcoin Rewards During a recent interview with Fox Business, Brian Armstrong spoke about Coinbase’s most ambitious vision. He noted that the American digital asset service provider aims to become a full-service crypto “super app,” as a replacement for traditional banks. The expansion will require that the top crypto trading outfit deliver a full suite of financial services. It is worth noting that Coinbase has made the right acquisitions in recent times to achieve this goal. Among its numerous bets is the $2.9 billion Deribit buy-up that was finalized in August. In other words, the Brian Armstrong-led exchange will facilitate payments with credit cards and rewards, all powered by crypto rails. Many key players in the digital asset ecosystem have already identified some shortcomings in the current banking system. This includes being outdated, inefficient, and demanding high transaction fees, among other issues. Armstrong stated that he was perplexed as to why these banks require as much as 2-3% for transaction fees. In his opinion, such actions should not carry a fee charge, especially because “It’s just some bits of data flowing over the internet.” The crypto boss re-echoed Coinbase’s plan to “become people’s primary financial account and I think… The post Banks for Crypto Super App, Coinbase’s Brian Armstrong Sets New Target appeared on BitcoinEthereumNews.com. Key Notes American cryptocurrency exchange Coinbase plans to displace traditional banks with a crypto super app. Coinbase CEO Brian Armstrong is irked by the shortfalls of the current banking system. He has promised 4% Bitcoin rewards with the coming of the crypto super app. Coinbase CEO Brian Armstrong may have found a way that the cryptocurrency sector can operate without the input of traditional banks. He hinted at plans to roll out a crypto super app, which will offer credit card services, payments, and even Bitcoin (BTC) rewards. Should this pull through, it will invariably rival traditional banks. From 3% Transaction Fees to 4% Bitcoin Rewards During a recent interview with Fox Business, Brian Armstrong spoke about Coinbase’s most ambitious vision. He noted that the American digital asset service provider aims to become a full-service crypto “super app,” as a replacement for traditional banks. The expansion will require that the top crypto trading outfit deliver a full suite of financial services. It is worth noting that Coinbase has made the right acquisitions in recent times to achieve this goal. Among its numerous bets is the $2.9 billion Deribit buy-up that was finalized in August. In other words, the Brian Armstrong-led exchange will facilitate payments with credit cards and rewards, all powered by crypto rails. Many key players in the digital asset ecosystem have already identified some shortcomings in the current banking system. This includes being outdated, inefficient, and demanding high transaction fees, among other issues. Armstrong stated that he was perplexed as to why these banks require as much as 2-3% for transaction fees. In his opinion, such actions should not carry a fee charge, especially because “It’s just some bits of data flowing over the internet.” The crypto boss re-echoed Coinbase’s plan to “become people’s primary financial account and I think…

Banks for Crypto Super App, Coinbase’s Brian Armstrong Sets New Target

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2025/09/20 19:48
3 min read
FOX
FOX$0.006794-4.09%
BTC
BTC$67,976.86-3.40%
TOP
TOP$0.00007-13.68%
For feedback or concerns regarding this content, please contact us at [email protected]

Key Notes

  • American cryptocurrency exchange Coinbase plans to displace traditional banks with a crypto super app.
  • Coinbase CEO Brian Armstrong is irked by the shortfalls of the current banking system.
  • He has promised 4% Bitcoin rewards with the coming of the crypto super app.

Coinbase CEO Brian Armstrong may have found a way that the cryptocurrency sector can operate without the input of traditional banks. He hinted at plans to roll out a crypto super app, which will offer credit card services, payments, and even Bitcoin (BTC) rewards. Should this pull through, it will invariably rival traditional banks.

From 3% Transaction Fees to 4% Bitcoin Rewards

During a recent interview with Fox Business, Brian Armstrong spoke about Coinbase’s most ambitious vision. He noted that the American digital asset service provider aims to become a full-service crypto “super app,” as a replacement for traditional banks. The expansion will require that the top crypto trading outfit deliver a full suite of financial services.


It is worth noting that Coinbase has made the right acquisitions in recent times to achieve this goal. Among its numerous bets is the $2.9 billion Deribit buy-up that was finalized in August.

In other words, the Brian Armstrong-led exchange will facilitate payments with credit cards and rewards, all powered by crypto rails. Many key players in the digital asset ecosystem have already identified some shortcomings in the current banking system. This includes being outdated, inefficient, and demanding high transaction fees, among other issues.

Armstrong stated that he was perplexed as to why these banks require as much as 2-3% for transaction fees. In his opinion, such actions should not carry a fee charge, especially because “It’s just some bits of data flowing over the internet.”

The crypto boss re-echoed Coinbase’s plan to “become people’s primary financial account and I think that crypto has a right to do that.”

Donald Trump’s Pro-crypto Administration Encourages Coinbase

Coinbase is attempting to change the narrative and replace banks with a credit card offering 4% Bitcoin rewards.

It is worth noting that the improved crypto atmosphere in the United States has played a crucial role in the exchange’s new pursuit. Coinbase was one of those digital asset service providers that sought a haven in other regions when US regulators cracked down on exchanges.

Since Donald Trump became president and ushered in a pro-crypto administration, the cryptocurrency sector has seen better results.

Coinbase is also a beneficiary of this improved ecosystem. Recently, it was reported that its Bitcoin and Ethereum reserve hit $112 billion. This marked the highest level that the publicly listed company has recorded in the last four years.

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Coinbase News, Business News, Cryptocurrency News, News


Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X


Source: https://www.coinspeaker.com/banks-for-crypto-super-app-coinbases-brian-armstrong-sets-new-target/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

The post Silver Prices Edge Closer to a Pivotal Support and Resistance Test appeared on BitcoinEthereumNews.com. The silver market, although experiencing recent
Share
BitcoinEthereumNews2026/03/07 11:29
U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
[Newspoint] Overpaid troll

[Newspoint] Overpaid troll

KAUFMAN. Former president Rodrigo Duterte's lawyer Nicholas Kaufman delivers his opening statement before the ICC Pre-Trial Chamber I on February 23, 2026.
Share
Rappler2026/03/07 11:00