Crypto Profiles : Brian Armstrong, Coinbase founder
The CEO and co-founder of Coinbase, Brian Armstrong is one of the most influential people working in the cryptocurrency industry at the moment, as his effort in the exchange has made it one of the biggest and most popular cryptocurrency exchanges in the world.
Brian has been featured in several publications for his achievements, is an advocate for the adoption of Bitcoin and the notion of digital assets as a whole, and always educate people at seminars, conferences, and workshops. He was able to accomplish “Unicorn” status with the Coinbase platform, with the help of Charlie Lee and other early members of the company.
He has worked as an engineer and consultant in leading companies such as Airbnb, Deloitte and Touche, and IBM. Brian has always kept a keen interest in the tech market all is life and has participated actively in creating solutions for the industry.
Born on January 25, 1983, Brian Armstrong grew up in San Jose, California. He began learning Java and CSS while in High School, developing an interest in computer technology. His fellow students often stared at him strangely due to his neediness.
He made money while in still in High School by designing websites for small-scale business in the areas in of San Jose, was working out of his neighbor’s garage.
In 2001, Brian proceeded to study Computer Science and Economics at The Rice University in Houston, Texas. He finished with a double Major in Economics and Computer Science in 2004. Brian went ahead to study for his Master’s Program in the same university, earning his Master’s degree in Computer Science in 2006. He decided to spend a year in Buenos Aires, Argentina, after graduating from college.
While Brian was a junior at Rice University, he did a four-month internship at IBM (International Business Machines) in San Jose, California, where he developed Java-based tools for Network Attached Storage devices, with his knowledge of Java. After graduating from Rice University, he got a job as an Enterprise Risk Management Consultant at Deloitte and Touche.
In June 2003 while he was still a junior, Brian co-founded UniversityTutor.com with John Nelson. The platform helps tutors develop a tutoring program and offer their services to a multitude of potential student-client. Students as well as parents, on the other hand, can find any tutor(s) they want.
The website offers and promotes a link between students and tutors using matching attributes based on many parameters. These parameter qualities include educational level, subject area, geographical locations, proximity, and many others. The platform is unique in that it lets tutors and students set up meeting points at their leisure, as it is developed for ease and convenience. Brian remained at UniversityTutor.com for eight years, as its CEO from August 2003 to May 2012.
Blockchain Technology Career
In Christmas of 2010, Brian learned about Bitcoin and instantly became interested, but he discovered that at the time, there weren’t many Bitcoin startups. But he saw this as a great opportunity and started to contemplate ways to take advantage of this potentially massive market, being an enthusiastic participant in the development of startup businesses. This led to a series of events that gave birth to Coinbase.
Brian’s enthusiasm for business startups did not begin today. He had always had a passion for establishing businesses while he was in high school. He and his friends then in High School, regularly went through many business ideas, making blunders along the way, which shaped him and served him well when he started to undertake serious business endeavors such as Coinbase.
Takeoff and Future of Coinbase
All his life, Brian’s vision was to be a tech guru, and he never gave up any chance to pursue a career in the tech industry. His experience in computer programming along with his double major in Computer Science and Economics equipped him for a venture into the technology startup sector.
Having learned about Bitcoin and taken a significant interest, he tried to figure out a way to develop the marketplace place for the then emerging digital currency.
In June 2012, Brian, together with Fred Ehrsam, created the popular exchange service, Coinbase. The pair envisioned Coinbase to be a Bitcoin marketplace where people will be able to buy the digital currency.
At that time, it was almost impossible to use Bitcoins for everyday transactions. The team then enlisted their Bitcoin startup in the Y Combinator Startup Incubator Program. The program is renowned for provisioning platforms for startups and investing in them. They have funded other startups in the past like Dropbox, Reddit, Airbnb, and Weebly.
In October 2012, the company launched fully and started offering Bitcoin buying and selling services through bank transfers.
Coinbase is headquartered in San Francisco, California, US. Over the years, they have expanded its activities to many countries around the world. The company provide exchange services for Bitcoin, Etherum, and Litecoin with fiat currencies in 32 countries and conduct Bitcoin transactions and storage in more than 185 countries all over the world. Coinbase was recently given access to the United Kingdom’s Faster Payments Scheme which implies it can offer almost instant fiat bank payments to its UK-based clients.
Despite the challenges Coinbase has faced, it has continued to thrive, and Brian is a parcel of optimism. The exchange’s best interest to advocate for less restraint on the crypto space. Brian believes that soon, Bitcoin will be entirely legal and some nations will have actual currency control. He also believes that the Bitcoin will outperform the US dollar as a reserve currency in the next 10-15 years.