Binance CEO: Money Doesn’t Drive Me – Crypto Adoption Does

Binance CEO: Money Doesn’t Drive Me – Crypto Adoption Does
фото показано с : bitcoinist.com

2019-2-20 02:00

Binance founder and CEO, Changpeng Zhao, known as CZ (Cee-Zee) spoke to Anthony Pompliano in the latest episode of ‘Off The Chain’. Amongst other things, they discussed philosophy, philanthropy, and “how the world works”.

The Cee-Zee Way Out

Binance sprang from seemingly nowhere to become the biggest crypto-exchange in the world. But CZ puts that largely down to their international outlook. A career working around the globe taught him that individual currencies are limited to one country.

When Binance launched, most players were focussing on the larger fiat markets, or just trying to crack crypto-to-crypto in the US. Binance settled on the smaller crypto market but multiplied that by 180 countries.

Regarding the speed of Binance’s growth and development, CZ explains that getting the right team solved a lot of the issues in scaling so quickly. The company does not make long-term plans, just weekly plans, which leads to the fast implementation of new ideas.

How The World Works

Trading in 180 different countries, means 180 different sets of (generally still unclear) regulations. Rather than try to dictate or influence these, the CZ way is to work within them. However, he has strong views on where regulation must focus:

regulations should try to prevent bad actors but not limit industry growth

When the industry learns how to deal with scams, CZ believes fundraising (through ICOs) will return. He says this is one of the most valid use-cases for blockchain, stressing the importance of entrepreneurs (and supporting their development through the Binance Labs investment arm) in making the world a better place.

CZ is not anti-establishment, hoping to redefine how the world should work, he just wants to make better solutions for “how the world works.”

Give It Away, Give It Away, Give It Away Now

When asked about his philanthropy, CZ admits that it is a little bit self-serving, in that he is using social impact work to promote crypto. While the projects themselves are rewarding, giving the next generation a positive first interaction with crypto is also key.

CZ explains that he has enough money, and doubling or halving it would not change his life very much. After taking care of yourself, he believes that the most fulfilling life involves taking care of others. He wants to achieve something impactful and says he believes that:

increasing adoption of crypto is most positive impact I can bring to our species

Think About The Future

CZ thinks that Binance is already covering enough in terms of initiatives, but wants to go deeper into each one. He says Binance doesn’t have to do everything, but:

want(s) to be the infrastructure player for a few things out of many and… want(s) to do them well.

Interestingly, the price of Binance token (BNB) 00 has just hit a fresh all-time high against BTC.

What do you think of CZ’s comments? Share your thoughts below!

Images courtesy of Shutterstock

The post Binance CEO: Money Doesn’t Drive Me – Crypto Adoption Does appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 10.8 (-100%)

binance ceo cee-zee world drive doesn money

binance ceo → Результатов: 126


Власти Нигерии вызвали CEO Binance на допрос

Комитет Палаты представителей по финансовым преступлениям Нигерии потребовал от CEO криптовалютной биржи Binance Ричарда Тенга не позднее 4 марта предстать перед ведомством для дачи показаний по факту предполагаемого финансирования терроризма и отмывания денег.

2024-3-4 17:07


Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging

CZ, the CEO of Binance, has suggested purchasing the ailing Silicon Valley Bank, which entered into a Federal receivership on March 10 after it had been exposed due to risky lending practices. The post Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging appeared first on CryptoSlate.

2023-3-13 22:18


Фото:

Binance CEO Quells Talk of Exchanges Using Shady Tactics to Circumvent Alipay’s BTC Ban

Did Binance CEO Changpeng Zhao just intimidate The Block’s Larry Cermak to not spill the beans about an unholy nexus between cryptocurrency exchanges and Chinese government officials?  Well, call it intimidation or a friendly suggestion, the Binance CEO was certainly not very appreciative of the way Cermak unfurled certain details that Zhao thinks “are better […] The post Binance CEO Quells Talk of Exchanges Using Shady Tactics to Circumvent Alipay’s BTC Ban appeared first on BeInCrypto.

2019-10-11 11:30


Фото:

CEO Binance: «Кража $40 млн стала для нас дорогим уроком»

На крупнейшую биржу цифровых активов Binance была совершена хакерская атака, в ходе которой злоумышленники сумели похитить более 7000 BTC, что эквивалентно $40,5 млн (по текущему курсу). Соответствующая информация появилась в блоге Binance.

2019-5-8 11:55


Фото:

Binance CEO Says Ethereum ‘Can Do Much More’ Than Binance Coin

The CEO of one of the world’s largest cryptocurrency exchanges delivered an unexpected compliment to his rival this week – but markets appeared unwilling to follow. CZ Denies BNB Will ‘Devastate’ ETH In a series of tweets April 22, Binance’s Changpeng Zhao (also known as CZ) called for tolerance of the various blockchain projects within the cryptocurrency industry.

2019-4-23 12:30


Фото:

‘Anymore of This Sh!t, We Delist’ Bitcoin SV – Warns Binance CEO

The CEO of cryptocurrency exchange Binance has threatened to remove support for altcoin Bitcoin SV after its creator threatened to sue a member of the Bitcoin community. Binance CEO: Wright ‘Is Not Satoshi’ In a tweet April 11, Changpeng Zhao joined the growing list of crypto industry figures to side against Craig Wright after he announced he was suing a user of the social media platform, Hodlonaut, for libel.

2019-4-12 13:00


With Or Without A Bitcoin ETF, The Crypto Industry Will Grow – Says Binance CEO CZ

The CEO of one of the biggest exchange, Binance, aired his view in an ask-me-anything live stream video interview, on the ongoing Bitcoin ETF approval proposal submitted to SEC by Cboe Exchange. Changpeng Zhao, popularly known as CZ said he doesn’t think Exchange Traded Funds (ETFs) are very important to the growth of the crypto […] The post With Or Without A Bitcoin ETF, The Crypto Industry Will Grow – Says Binance CEO CZ appeared first on ZyCrypto.

2019-2-7 19:05