Technology
Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues
- Exchange seeks legitimacy for digital money and for itself
- Despite ping pong table, startup shows glimmers of maturity
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A cheer went up in the San Francisco offices of cryptocurrency exchange Coinbase Inc. when bitcoin breached $10,000 in November. But the 225-employee startup has a goal beyond price. The company wants to use digital money to reinvent finance.
In Coinbase’s version of the future, loans, venture capital, money transfers, accounts receivable and stock trading can all be done with electronic currency, using Coinbase instead of banks.