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The founder and CEO of Binance, Changpeng Zhao, known as CZ (Cee-Zee) spoke to Anthony Pompliano in the latest episode of & # 39; Out of the chain & # 39;. They discussed philosophy, philanthropy and "how the world works".
The Cee-Zee exit
Binance has emerged as nowhere else to become the largest cryptographic exchange in the world. But CZ attributes this largely to their international vision. A career around the world has taught him that individual currencies are limited to one country.
At the launch of Binance, most players focused on the larger fiat markets, or simply tried to decipher crypto crypto in the United States. Binance opted for the small crypto market but multiplied it by 180 countries.
Regarding the speed of growth and development of Binance, CZ explains that finding the right team has solved many sizing problems so quickly. The company does not make long-term plans, but only weekly plans, which leads to the rapid implementation of new ideas.
How the world works
Trade in 180 different countries means 180 different sets of regulations (usually unclear). Rather than trying to dictate or influence these, the method of CZ is to work within them. However, he has strong ideas on areas where regulation needs to focus:
regulations should try to prevent bad actors but not to limit the growth of the industry
When the industry learns how to handle scams, CZ thinks that fundraising (via ICOs) will be back. He says that it is one of the most valuable use cases for the blockchain, highlighting the importance of entrepreneurs (and supporting their development through the industry branch). investment from Binance Labs) to make the world a better place.
CZ is not against the establishment, hoping to redefine how the world should work. He just wants to come up with better solutions for "how the world works".
Give it, Give it, Give it now
When asked about her philanthropy, CZ admits she is a bit selfish, as she uses social impact work to promote cryptography. Although the projects themselves are enriching, it is also essential to give the next generation a first positive interaction with cryptography.
CZ explains that he has enough money and that doubling or halving it would not change his life much. After taking care of yourself, he thinks that the most fulfilling life is caring for others. He wants to achieve something striking and says he believes:
the increasing adoption of crypto is the most positive impact I can bring to our species
Think about the future
CZ think Binance already covers enough initiatives, but wants to deepen each one of them. He says that Binance should not do everything, but:
want to be the infrastructure player for some of the many things and … want to do them well.
Interestingly, the price of the Binance Token (BNB) 00 just hit a new absolute record against BTC.
What do you think of CZ's comments? Share your thoughts below!
Images courtesy of Shutterstock
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