Coinbase CEO turns to crypto after bank prevents his payments

Brian Armstrong, the CEO of the largest US
cryptocurrency exchange, Coinbase, recently spoke about his troubles with the
US banks. Armstrong used his Twitter account to complain about two popular fiat
payment apps which denied him service after he attempted to make a payment to a
friend.

Armstrong’s frustration does not come from the
fact that he was declined service, but from the fact that something like this
happened in the US, where such services are among the best. If something like
that can happen in the US, Armstrong suspects that the rest of the world, which
lesser-developed countries must have it much worse.

He continued down the same thread, stating that bad…