There is no need to introduce Blockchain to many these days.  However, when CZ said that blockchain allows global commerce, different community members had different reactions.  Some said banks will not use it, others said, banks will eventually adopt it.

CZ Binance shared: Blockchain allows global commerce.

Community Response:

Blockchain makes it possible for people to make cross-border payments easily and fast. Blockchain technology makes the chain of commerce secure and efficient. Crypto is not just about the coins and tokens, its technologies are also very important in various sectors of the economy.

Blockchain has many loopholes too.

Bitcoin is the most successful application of blockchain, no one.  The credit goes to galaxy heroes like you, who are working tirelessly for the mass adoption of blockchain.

Binance does not allow SGB trading. Binance does not allow SOLO trading and withdrawal. Binance is not thinking about listing EXFI SOLO SGB.

Blockchain is the future.

This year you didn’t list anything interesting, this has been happening in the community. And NFTs will be the junkyard that will flood the blockchain.  This invention that will take people’s money with scams will take cryptocurrency to a dive and winter never seen.

One of my major ideas for Binance.  Binance UI is one of the biggest major successes for Binance but there could be an added feature, we could have a different UI for the futures segment inside the platform instead of lite! And also have direct bank withdrawal (not p2p).

Blockchain and crypto are scams. Binance didn’t keep the promise to bring most trust and promising coins for investors but instead, they brought ellipsis my investment down from 85k to 4600 dollars and there are other scam coins also on Binance.

Yes, but the banking system never wants blockchain and cryptocurrencies.  First, they said that the Internet and applications are bad, then they used it, now they say that blockchain and cryptocurrencies are bad, and in the future, those who despise this technology the most will use it.

Blockchain allows, not facilitates, global commerce, transparently, efficiently, and conveniently. The ones who block it are the ones who prevent the transparency, efficiency, and convenience to be achieved for all, for whatever reasons.

Blockchain is A Future!

Perhaps this is what money launderers fear: A system where every transaction is traceable. That’s their cup of tea. The revolutionary aspect of blockchain in global commerce is the ease of doing business. Compare with the old ways and you may welcome this inexorable movement.

Blockchain has changed global commerce; with that, I do agree, but it didn’t bring global commerce as something new.

Your wise words are always remembered: if you start from now you risk losing, and if you wait you risk missing out. The choice is in the hands of each.