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Changpeng Zhao: Blockchain Transparency Hinders Widespread Adoption of Crypto Payments, 2026/02/16 09:50:25
The founder of the largest cryptocurrency exchange, Binance, Changpeng Zhao, believes that one of the primary advantages of most cryptocurrencies—complete transaction transparency—may hinder the widespread adoption of digital assets.
Zhao asserts that a significant challenge to the widespread use of cryptocurrencies for payments is the lack of transaction privacy. This characteristic of blockchain technology leads companies and various institutions to refrain from settling expenses using digital assets.
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“Imagine a company that pays salaries in cryptocurrencies. Currently, anyone can see the payment amounts simply by looking at the transactions from the wallet where the funds originated. This could pose a challenge for the widespread acceptance of crypto payments,” Zhao explained.
Binance’s founder received support from former business development specialist at the crypto project Kaspa, Avidan Abitbol. He emphasized that transactions can contain critically important information regarding corporate workflows, relate to trade secrets, and provide competitors with insights into a company’s financial status.
Previously, Changpeng Zhao mentioned that, in his estimation, approximately 10% of the global population owns cryptocurrencies.
