At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.

Brian Armstrong’s quote outlines the mission of Coinbase, a leading cryptocurrency exchange platform, to create an open financial system that is accessible to everyone globally. He draws a parallel between the open protocols for money and the Internet, suggesting that just as the Internet revolutionized publishing information, an open financial system can foster innovation, economic freedom, and a more inclusive society. Armstrong’s vision reflects a belief in the transformative power of technology to break down barriers in financial access and create a level playing field for all.

By emphasizing economic freedom, Armstrong argues that a decentralized financial system can provide individuals with more control over their finances, especially in regions or communities that have limited access to traditional banking services. This freedom allows people to participate in the global economy on more equal terms, empowering those who might otherwise be excluded from mainstream financial institutions.

Armstrong also highlights the potential of an open financial system to promote equality of opportunity. Just as the Internet democratized the flow of information and created new opportunities for individuals and businesses, he believes that open financial systems can do the same by providing more equitable access to financial tools and services. This could lead to greater economic participation, where anyone, regardless of their background or geographical location, can access the tools needed to build wealth and financial security.

Ultimately, Armstrong’s quote reflects a vision for the future of finance that prioritizes inclusivity, freedom, and innovation. By advocating for an open and decentralized financial system, he believes that technology can create a more equal and empowered global economy, where opportunities are available to all. This approach challenges traditional financial systems and offers a pathway for financial democratization.