Highlight Clip: CZ: From a Financial Hub, It’s Hard to Imagine Life Without a Bank Account

CZ: From a Financial Hub, It’s Hard to Imagine Life Without a Bank AccountOn November 3, Binance co-founder Changpeng Zhao (CZ) spoke at the Oxford Union. In discussing the freedom of money, he started with a simple example: paying a bill. He said that in an established financial hub like the UK, it can be hard to appreciate the difficulties of living without a bank account. In parts of Africa and Southeast Asia, however, financial services can be hard to access, and paying a single bill can take three days. He offered an example of how crypto could help: even if a village had just one smartphone, residents could use it to pay their bills in three seconds and save themselves a trip.