CZ Predicts Traditional Banks Decline Amid Crypto Growth
He openly stated, “I would like to offend traditional banks.” He said this to highlight his belief that conventional banking faces major challenges in an increasingly digital world.
CZ argued that integrating cryptocurrency with traditional payments will be a key driver of growth, while cautioning against Bitcoin payments and memecoins due to their high risk.
The Future of Payments and Banks
CZ painted a picture of the payments sector under transformation. He noted that traditional physical banks could see a substantial decline over the next decade, largely due to the limitations of the fractional reserve system. This system, which allows banks to lend out more money than they hold in reserves, can create…
