According to an interview Zhao gave to Bloomberg at the Web Summit conference in Lisbon, Binance founder and CEO Changpeng Zhao is considering perhaps purchasing banks as a means of bridging the gap between the worlds of traditional finance and crypto.
Zhao added that investing in banks is a wise move for Binance since, when the crypto exchange partners with a bank, Binance frequently attracts a large number of new users, raising the bank’s value.
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