Changpeng Zhao: "If Only Using Cryptocurrencies, All Transactions On-Chain"

Source
JH Kim

Summary

  • Former CEO Changpeng Zhao stated that all transactions can be processed on-chain.
  • He mentioned that he does not insist on a specific blockchain and that various blockchains can be used.
  • He stated that if only cryptocurrencies are used, more transactions are possible.

Amid reports that Elon Musk, CEO of Tesla and head of the Department of Government Efficiency (D.O.G.E), supports the idea of uploading U.S. Treasury transactions to the blockchain, Changpeng Zhao, former CEO of Binance, stated on the 6th (local time) via X (formerly Twitter) that "if only cryptocurrencies are used, all transactions are on-chain," adding that "it doesn't matter which blockchain is used, and multiple blockchains can be utilized."

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JH Kim

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