[2019-03-12] Binance CEO Tips Crypto Community On Plan To Create Fiat-To-Crypto

[BTCNN]

Changpeng Zhao, the CEO of Binance, hints the crypto space on the plan of the giant crypto exchange to create fiat to crypto exchange in Argentina. Zhao revealed this in a recent tweet response to a piece published by crypto news website CoinSpice.

Full article: https://www.btcnn.com/crypto-exchange-news/binance-ceo-tips-crypto-community-on-plan-to-create-fiat-to-crypto-exchange-in-argentina/

[btyco]

Binance is using their dominance to bring crypto to the masses. Good that they are not just using their wealth on fast cars and islands. Argentina is a good place to start, then the rest of south america will hopefully follow

[anu1908]

Binance is using their dominance to bring crypto to the masses. Good that they are not just using their wealth on fast cars and islands. Argentina is a good place to start, then the rest of south america will hopefully follow

from another point of view, they're trying to expand their dominance across several countries. not really bad per se, but if the core principles that they hold economic domination, who knows?

[snipie]

Five other countries remain unknown for the moment where binance will expand its business. Being a dominant player in the cryptocurrency world makes people worried but it should incite other exchanges to improve their services...

[hugeblack]

I do not know who suggested this approach because it is different from the word Binance "crypto-to-crypto" in itself.
The company is now using its name as an acceptable broker to buy and speculate cryptocurrencies.

The expansion done may be good for the reputation of cryptos but the focus on adding more trading pairs and more payment methods without putting more stringent restrictions on the inclusion of some shitcoins will result in failure.

[Naida_BR]

Personally, I am opposed to Binance because it is so centralized exchange and I disgust making trades on it.
This move is a great one though and I admire that CZ tries to bring more people to the crypto community because I strongly believe that mass adoption is the key to make the market bigger.