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River aims to bring Bitcoin banking and avoid gambling products, Alexander Leishman argues
Alexander Leishman criticized Coinbase for adopting what he describes as an altcoin and gambling product focus, drawing a strong distinction with his company, River. Leishman stated that River will not introduce gambling-related offerings and aims to deliver Bitcoin banking directly to users’ pockets.
He implied that his motivation to found River stemmed from dissatisfaction with Coinbase’s product direction. Leishman asserted River would prioritize security and integrity over speculative features common in parts of the crypto industry.
Leishman has previously criticized Coinbase for promoting speculation as a path to empowerment, cautioning that most users could be harmed. He has also voiced concerns about finance apps like Robinhood shifting their focus toward sports betting. Leishman’s recent comments continue his pattern of warning against speculative trends in financial platforms.
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