The post Banks for Crypto Super App, Coinbase’s Brian Armstrong Sets New Target appeared on BitcoinEthereumNews.com. Key Notes American cryptocurrency exchange Coinbase plans to displace traditional banks with a crypto super app. Coinbase CEO Brian Armstrong is irked by the shortfalls of the current banking system. He has promised 4% Bitcoin rewards with the coming of the crypto super app. Coinbase CEO Brian Armstrong may have found a way that the cryptocurrency sector can operate without the input of traditional banks. He hinted at plans to roll out a crypto super app, which will offer credit card services, payments, and even Bitcoin (BTC) rewards. Should this pull through, it will invariably rival traditional banks. From 3% Transaction Fees to 4% Bitcoin Rewards During a recent interview with Fox Business, Brian Armstrong spoke about Coinbase’s most ambitious vision. He noted that the American digital asset service provider aims to become a full-service crypto “super app,” as a replacement for traditional banks. The expansion will require that the top crypto trading outfit deliver a full suite of financial services. It is worth noting that Coinbase has made the right acquisitions in recent times to achieve this goal. Among its numerous bets is the $2.9 billion Deribit buy-up that was finalized in August. In other words, the Brian Armstrong-led exchange will facilitate payments with credit cards and rewards, all powered by crypto rails. Many key players in the digital asset ecosystem have already identified some shortcomings in the current banking system. This includes being outdated, inefficient, and demanding high transaction fees, among other issues. Armstrong stated that he was perplexed as to why these banks require as much as 2-3% for transaction fees. In his opinion, such actions should not carry a fee charge, especially because “It’s just some bits of data flowing over the internet.” The crypto boss re-echoed Coinbase’s plan to “become people’s primary financial account and I think… The post Banks for Crypto Super App, Coinbase’s Brian Armstrong Sets New Target appeared on BitcoinEthereumNews.com. Key Notes American cryptocurrency exchange Coinbase plans to displace traditional banks with a crypto super app. Coinbase CEO Brian Armstrong is irked by the shortfalls of the current banking system. He has promised 4% Bitcoin rewards with the coming of the crypto super app. Coinbase CEO Brian Armstrong may have found a way that the cryptocurrency sector can operate without the input of traditional banks. He hinted at plans to roll out a crypto super app, which will offer credit card services, payments, and even Bitcoin (BTC) rewards. Should this pull through, it will invariably rival traditional banks. From 3% Transaction Fees to 4% Bitcoin Rewards During a recent interview with Fox Business, Brian Armstrong spoke about Coinbase’s most ambitious vision. He noted that the American digital asset service provider aims to become a full-service crypto “super app,” as a replacement for traditional banks. The expansion will require that the top crypto trading outfit deliver a full suite of financial services. It is worth noting that Coinbase has made the right acquisitions in recent times to achieve this goal. Among its numerous bets is the $2.9 billion Deribit buy-up that was finalized in August. In other words, the Brian Armstrong-led exchange will facilitate payments with credit cards and rewards, all powered by crypto rails. Many key players in the digital asset ecosystem have already identified some shortcomings in the current banking system. This includes being outdated, inefficient, and demanding high transaction fees, among other issues. Armstrong stated that he was perplexed as to why these banks require as much as 2-3% for transaction fees. In his opinion, such actions should not carry a fee charge, especially because “It’s just some bits of data flowing over the internet.” The crypto boss re-echoed Coinbase’s plan to “become people’s primary financial account and I think…