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Cryptocurrency exchange Coinbase has unveiled its plan to build āthe crypto app store,ā inspired by how Apple Inc. built its app store. CEO Brian Armstrong said: āApple didnāt attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.ā
- In a blog post published on Tuesday, Coinbase CEO Brian Armstrong detailed several opportunities in the crypto space the Nasdaq-listed company is pursuing. One of them was to āBuild the crypto app store.ā
- The CEO detailed, āLike the internet, or the mobile app stores, weāre seeing developers rush into the space to use these new tools to develop innovative use cases that we couldnāt have imagined before,ā adding:
Apple didnāt attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps ā¦ Weāll work to give our users easy access to all of this from the main Coinbase product.
- Armstrong stressed: āWe need to do the same [as Apple] in crypto. There is now 10s of billions of dollars of economic activity running on Dapps, and a new trend coming out every three months.ā
- He further shared:
Soon any app built on decentralized crypto rails will be accessible to users of the Coinbase app ā¦ In the future you will have the option to do self-custody of your crypto, right in the main Coinbase app.
What do you think about Coinbase launching an Apple-like app store? Let us know in the comments section below.
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