
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said Thursday that the company views Visa Inc. (NYSE:V) and Mastercard Inc. (NYSE:MA) as partners in the growing cryptocurrency-powered payments industry, rather than competitors.
What Happened: During Coinbase’s second-quarter earnings call, Armstrong was asked if the company is planning to build an “alternative network” to the fintech behemoths, to which he replied, “Not really.”