Binance CEO Issues Major Statement

Richard Teng, the chief executive officer of the world’s largest crypto exchange, Binance, who took over from Changpeng Zhao (CZ), has published an important statement. The message was about the revolutionary changes cryptocurrency has brought to the sphere of cross-border payments and remittances.

Richard Teng’s crucial statement: “Crypto fixes this”

In his tweet, Binance boss Teng shared a message he received from someone in the Binance community. In this message, the author stated that cryptocurrency was the only way for them to receive money from another country, and that saved them: “Crypto saved us, it’s the only way we receive money from family abroad.”

Teng admitted that such messages from the community keep him motivated about his mission and motivate him to continue building crypto products with Binance. Besides, he said that borders between countries should not prevent people from using opportunities, and transaction “fees shouldn’t disadvantage the underprivileged.”

Finally, Richard Teng used a cliché that has been popular in the crypto community over the past few years, underscoring the transformative and innovative power of cryptocurrency: “Crypto fixes this.”

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