CZ: Predicts Significant Decline in Demand for Physical Banks Within 10 Years

Odaily News CZ stated at the World Economic Forum in Davos that the demand for physical banks will significantly decrease over the next 10 years. With the development of technologies like blockchain and KYC, the need for users to visit physical bank branches is declining. While banks will not disappear, the scale of their branch networks will be substantially reduced. Additionally, he expressed skepticism towards using Bitcoin directly for payments, noting that despite years of industry investment in this area, the failure rate in innovative fields is extremely high. Changpeng Zhao believes that Meme tokens are similar to previous trends like NFTs and the Metaverse, carrying extremely high risks and being highly speculative in value. While projects with cultural value, such as Dogecoin, may persist long-term, most Meme tokens will not endure.