Zhao Warns of Competitive Disadvantage Without Internet, Blockchain, and AI

Binance co-founder Changpeng Zhao recently stated that companies and individuals who do not use the internet, blockchain, or artificial intelligence will be less competitive. This is in line with his previous statements on the importance of these technologies.

In an interview, Zhao mentioned that countries lacking any of these three major industries will fall seriously behind. He hopes to see a future where 'crypto' is no longer discussed separately, just like TCP/IP today.

Zhao also emphasized the convenience of using blockchain for payments, stating that it's more convenient than traditional accounts for agents making cross-border transactions. However, he noted that the current blockchain throughput is insufficient and faster chains are needed to reduce transaction costs.