Brian Armstrong, CEO of the Coinbase trading platform, told how digital money must change in order to be accepted by society.

At the moment, the number of users of the cryptocurrency is about 50 million, but over time, their number may increase to 5 billion, wrote the head of the trading platform Coinbase Brian Armstrong in his Twitter account. In his opinion, the mass adoption of digital money will occur in the same way as the Internet spread.

Armstrong added that to maintain that number of users will require a significant development of the technology of the blockchain in the first place scalability. For mass adoption, the cryptocurrency network must be able to conduct at least 1000 transactions per second, the entrepreneur said.

He noted that it will be extremely important to create a simple and accessible set of tools for developing programs on the blockchain and improve the process of delivering applications to the consumer. It is also necessary to improve the privacy characteristics of cryptocurrencies, since everyone has the right to privacy,

On March 4, Armstrong suggested that the attitude of large investors to the cryptocurrency may soon change. They will consider bitcoin a protective asset, which will help the economic crisis developing due to the coronavirus epidemic.