Binance CEO and Anthony Pompliano’s Off The Chain Podcast Interview Talks Adoption Over Profits
In a recent interview with Anthony ‘Pomp’ Pompliano, Binance co-founder Changpeng Zhao was interviewed about a host of things including his philosophical approach to life, his philanthropic efforts and how he believes the future of the crypto world will play out in 2019.
Top 5 episode ever. Trust me :)https://t.co/FHAOQhGm82
— Pomp 🌪 (@APompliano) February 18, 2019
A Deeper Look at the Conversation
As many of our readers probably are well aware of, Binance started off as a small independent trading platform which over the years has transformed into the largest and most widely used crypto-exchange in the world.
This success, as per CZ, can largely be attributed to the firm’s international outlook and passion to put customer preferences ahead of its own financial success.
To be a bit more specific, we can see that when Binance first appeared on the scene, most crypto trading platforms were focusing primarily on “larger fiat markets”. In this regard, Binance, from the very start paid attention to smaller crypto markets so as to provide the common man with streamlined access to unique offerings such as BTC, ETH, LTC.
On the subject of Binance’s insane growth over the past couple of years, Zhao said that getting the right personnel onboard was one of the biggest challenges for him. He also discussed some of the other growth factors that have attributed to the emergence of his firm, such as:
- Making only short-term plans so as to avoid getting stuck in financial ruts.
- Implementing fresh-new ideas without any delays.
Other Information Worth Remembering
At the time of writing this article, Binance is conducting its operations in a total of 180 countries— which essentially means that the firm has to deal with a total of 180 different sets of regulatory frameworks.
On the issue, CZ was quick to note that while regulations are needed for the altcoin industry to thrive, they should be devised in a way that does not limit the growth of this burgeoning space.
Additionally, CZ also believes that as-and-when scammy operations, fundraising ploys are weeded out entirely from within the crypto-domain, ICOs will be able to make a comeback in a big way. Not only that, Zhao is also of the opinion that Initial Coin Offerings are still the
“most valid use-cases for blockchain technology”.
CZ’s Philanthropic Efforts
Another key facet of CZ’s conversation with Pompliano was regarding the crypto-savant’s philanthropic efforts. On the subject, Zhao admitted that some of his charity work was indeed a “little bit self-serving” — primarily in the sense that most of his charitable efforts were being done to promote crypto in one way or the other.
Lastly, CZ said that he had reached a stage in his life where he had made enough money (so much so that even halving or doubling it would not change anything for him).
He then closed out his conversation with Pomp by adding:
“Increasing adoption of crypto is most positive impact I can bring to our species.”
In closing out this article, the Binance topman thinks that his company has already done “enough in terms of offering customers with groundbreaking crypto initiatives”. However, if was to have his way in the future, Zhao wants to go deeper and explore more facets of this ever expanding domain.
Last but not least, it should also be mentioned that the price of Binance token (BNB) is currently trading at its ATH against BTC.