Binance CEO CZ recently spoke at the Asian Leadership Conference. The experienced executive shares his predictions about the future use cases of cryptocurrencies.
“Payment will be made in crypto or stablecoin in the future”
Changpeng “CZ” Zhao stated that in today’s world, there is no talk of the internet, only activities related to it, such as “watching videos online”. Zhao thinks the future will be similar for Blockchain and people will lose the technical jargon.
Moreover, he imagines that in the future people will connect with workers globally and pay them in the form of cryptocurrencies or stablecoins. Similarly, people will have digital wallets on their phones, not to mention private keys.
CZ says that if someone uses cryptocurrencies, digital IDs or “anything transactional” today, the technology will eventually be adopted as “99.99%” of them will be replaced by Blockchain technology in the future.
However, he explains that while in 20 or 30 years Blockchain will potentially replace everything transactional, some Web2 experiences like reading books will remain as they are.
Binance opens to new markets
The leading exchange recently received approval to operate in Thailand in a joint venture with Gulf Binance. According to the announcement, the collaborative effort was licensed by the Thai Ministry of Finance as a digital asset operator. The platform will be regulated by the country’s Securities and Exchange Commission. However, it is scheduled to start operations in Thailand in the fourth quarter of 2023.
Binance lawsuits
The largest centralized exchange is under the scrutiny of US regulators after FTX’s bankruptcy in November. In March, US regulators SEC and CFTC sued Binance and CZ for market manipulation.
The prominent developments of the week include Reuters allegations and Tinder case. Reuters has claimed in a new report that Binance is holding user funds improperly. Accordingly, Binance kept company revenue and user funds together. cryptocoin.com We have included the details in this article.
Binance is one of the largest and most popular cryptocurrency exchanges in the world. Founded by Changpeng Zhao (CZ) in 2017, this platform offers its users access to a wide portfolio of cryptocurrencies.
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