The next decade is slated to witness an exponential adoption of crypto and blockchain technology, with predictions hinting at an audience as vast as 8 billion, as per Jesse Pollak, Coinbase protocols lead. A profound figure, considering it would essentially equate to the world’s current populace, an impressive chunk of which lacks internet access.
Crypto and blockchain have experienced robust growth, with under 10 million on-chain individuals today. This number is poised to mutate into a towering 8 billion in the forthcoming decade. An exuberant projection even surpasses ambitious goals set by Coinbase for Base, the exchange’s Ethereum-based layer 2, which lacks an independent token. Base aspires to usher in “the next million developers and the next billion users on-chain,” an optimistic goal for an exchange-funded blockchain initiative.
Further extolling Base’s virtues, Coinbase aims for a future where on-chain becomes the ‘next online’ by initiating an inclusive induction of over a billion into the cryptoeconomy. Dissemination is transpiring right in front of us, according to Pollak. He anticipates that emerging tech advancements will transfigure billions of lives into uniformity, granting all access to equivalent products and services, regardless of birthplace or residence.
Under the vigilant scrutiny of the US Securities and Exchange Commission (SEC), Coinbase is currently attempting to mollify pressure. The push for decentralization with the Base network could potentially serve as the perfect diversion from its primary business to a more diversified model.
To expand its services and etch more flexibility into its operations, the company has also kickstarted its own international exchange, dubbed Coinbase International, overseen by the Bermuda Monetary Authority (BMA) and registered in Bermuda. This move is thought to be a cannonball dive into diversification and further distancing from the relentless gaze of the SEC.
Substantiating this speculation, the saga of global crypto adoption unravelling is not only an exciting narrative for tech enthusiasts but also raises a question on the universal accessibility, feasibility, and side-effects of such a colossal transformation. While blockchain technology guarantees transparency and efficiency, the introduction and multiplication of numerous alternate currencies will undoubtedly make the global economic equation a bit more complicated. However, the anticipation of such a tech-intensive future continues to add value to the crypto market, bolstering the quest for digital currency dominance worldwide.
Source: Cryptonews
