Binance CEO: 'Cryptocurrency Meets Ideal Currency Conditions'

Binance CEO Richard Teng (Source: Fortune)

Binance CEO Richard Teng claimed through his X(formerly Twitter) that cryptocurrency meets the conditions of an ideal currency. He explained, "An ideal currency should not be issued arbitrarily, controlled by a few, or limited by borders. Cryptocurrency can solve these issues."

Teng CEO added, "Although it's still in the early stages now, there is a high possibility that cryptocurrency will overcome the limitations of the existing financial system and establish itself as a global currency."

His remarks emphasize the decentralization of cryptocurrency and the possibility of borderless transactions, suggesting its potential as a global payment method.