Crypto Adoption Boom – Binance’s Changpeng Zhao Addresses Africa Crypto Adoption

The mass adoption of crypto continues on a global scale, despite the massive market volatility. Check out the latest reports revealed by Binance’s Changpeng Zhao.

Binance’s CZ shared the following post on Twitter. Here it is:

Africa is primed for crypto adoption. 10-20% banked. Need financial access and inclusion. Blockchain provides that with a smart phone.

— CZ 🔶 Binance (@cz_binance) July 6, 2022

Someone hopped in the comments and said the following: “Countries that bypass the banking era arguably have the upper hand in the next phase of the financial system. Africa needs Starlink and BTC on lightning!”

A follower posted this message: “The list of countries that endorse cryptocurrencies is growing. Africa has caught the future this time, and the economy will get better and better.”

Changpeng Zhao made a new prediciton about the state of DeFi. Check out what he had to say below.

The chief executive of Binance just dropped a new prediction saying that decentralized finance (DeFi) and decentralized exchange platforms (DEXes) will outshine their centralized counterparts in the long term.

In a new interview on the Bankless YouTube channel, Binance CEO Changpeng Zhao highlighted that in 10 years, decentralized blockchain projects will tower above centralized finance (CeFi) and centralized exchanges (CEXes).

“I think in five or 10 years, decentralized exchanges will be bigger than centralized exchanges… I would say maximum, in 10 years, DEXes [and] DeFi are going to be bigger than CeFi.”

CZ also made sure to explain the fact that even though he believes centralized crypto protocols will eventually be outdone by decentralized ones, he still believes in a future where they can co-exist.

He believes this as many people will still prefer the conventional methods of accessing their accounts.

Check out our previous article in order to learn more details about all this.