{"id":38811,"date":"2023-07-21T17:06:43","date_gmt":"2023-07-21T21:06:43","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/jesse-pollak-of-coinbase-expects-8-billion-on-chain\/"},"modified":"2023-07-21T17:06:44","modified_gmt":"2023-07-21T21:06:44","slug":"jesse-pollak-of-coinbase-expects-8-billion-on-chain","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38811","title":{"rendered":"Jesse Pollak of Coinbase Expects 8 Billion On-Chain"},"content":{"rendered":"<div>\n<p>As many as 8 billion people will become crypto and blockchain users over the next decade, according to Coinbase protocols lead Jesse Pollak.<\/p>\n<p>Speaking with Decrypt during the EthCC conference in Paris on Wednesday, Pollak said that although crypto adoption has grown rapidly in recent years, there is still lots more to come.<\/p>\n<p>\u201cOur feeling is that there\u2019s so much growth ahead of us. We have less than 10 million people on-chain today. There\u2019s going to be 8 billion people on-chain over the next decade,\u201d he said.<\/p>\n<h2>Entire world\u2019s population<\/h2>\n<p>Pollak\u2019s prediction is massive, given that it essentially equals the entire world\u2019s population today, of which a large share does not even have internet access at present.<\/p>\n<p>The optimistic prediction also far exceeds the goal Coinbase has set for its own blockchain project Base, an Ethereum-based layer 2 without its own token, which aims to bring \u201cthe next million developers and the next billion users on-chain\u201d \u2013 a goal many would argue is ambitious enough for an exchange-funded blockchain project.<\/p>\n<p>\u201cOur goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy,\u201d Coinbase said back when the Base blockchain was first unveiled.<\/p>\n<h2>Adoption happening \u2018right before our eyes\u2019<\/h2>\n<p>In his interview, Pollak explained that he believes crypto adoption is \u201chappening right before our eyes,\u201d and predicted that the technological advancements that are seen now will \u201cchange billions of people\u2019s lives.\u201d<\/p>\n<p>\u201cEveryone&#8217;s going to finally be put on a level playing field, where they get access to the same products and services, regardless of where they were born or where they live,\u201d he said.<\/p>\n<h2>Coinbase diversifying<\/h2>\n<p>Coinbase is currently facing pressure from the Securities and Exchange Commission (SEC) in the US, and pushing for decentralization with the Base network could potentially be a way for the exchange to diversify away from its core business.<\/p>\n<p>The company has also launched its own international exchange to have more flexibility in what it can offer users as the SEC continues to scrutinize its US operations.<\/p>\n<p>Coinbase International is registered in Bermuda and overseen by the Bermuda Monetary Authority (BMA).<\/p>\n<p><strong>Watch Jesse Pollak\u2019s full presentation at EthCC:<\/strong><\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/www.youtube.com\/watch?v=jbYo_Mtmw1M&amp;t=568s\" loading=\"lazy\"><\/oembed><\/figure>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/massive-crypto-adoption-ahead-jesse-pollak-of-coinbase-expects-8-billion-on-chain.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As many as 8 billion people will become crypto and blockchain users over the next decade, according to Coinbase protocols lead Jesse Pollak. Speaking with Decrypt during the EthCC conference in Paris on Wednesday, Pollak said that although crypto adoption has grown rapidly in recent years, there is still lots more to come. \u201cOur feeling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-38811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jesse Pollak of Coinbase Expects 8 Billion On-Chain | iFintechWorld<\/title>\n<meta name=\"description\" content=\"As many as 8 billion people will become crypto and blockchain users over the next decade, according to Coinbase protocols lead Jesse Pollak.Speaking with\" \/>\n<meta name=\"robots\" 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