Binance CEO: Crypto Cheaper, Faster & Easier Than Legacy Digital Payments

Crypto, Bitcoin (BTC) included, is slow, expensive, and hard to integrate, cry this industry’s skeptics. While this argument has gained traction in recent years, especially as blockchains struggled to keep up with the transactional demand seen in late-2017, some aren’t all too convinced.

In a recent tweet, Changpeng “CZ” Zhao of Binance explained why he believes it is economically, logistically, and socially logical for Internet-centric retailers and entrepreneurs to accept cryptocurrencies, whether it be BTC, Ether, or otherwise, as a bonafide payment method.

Related Reading: Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks

Crypto As A Medium Of Digital Exchange Makes Sense

Zhao, a long-time participant in the crypto and fintech industries, recently noted how it doesn’t make sense to him that many Internet (non-brick and mortar) businesses don’t accept cryptocurrencies for payments.

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2019-02-03 21:00:48

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