Catherine Coley, CEO of Binance US, has recently given a statement that by adopting cryptocurrencies, businesses will be able to become “pandemic resilient”. She believes that crypto adoption is among one of the only ways that will help the businesses in this condition.
Coley Believes Crypto Has the Ability to Offer Uses Beyond Speculation
Coley had an interview on September 21 with Joe Weisenthal and Tracy Alloway, which was taken on the Odd Lots podcasts by Bloomberg. She believes that crypto has an ability to offer the uses beyond speculation. With crypto, the investors will be easily able to get engaged in the e-commerce transactions. Not only this, it will also help drive new businesses and a lot more things.
Coley also mentioned that it is high time to start considering cryptocurrency and increase its adoption. According to her, “If you’re building a company in the next five years and you do not consider digital assets as a component, you’re going into this in an ignorant way.”
Companies Should Take Cues From Cryptocurrency
The Binance US has mentioned that there is a need to take cue from cryptocurrency for different companies out there. Cryptocurrency has made the conversation of money super easy for an average person. She believes that as compared to traditional finance, the crypto industry is getting quite A different kind of an audience. People generally tend to underestimate the potential and benefits that cryptocurrency has got.
Since 2019, she has been working as a CEO of the US branch of Binance, which has recently announced that they have managed to expand its operations in Florida, Alabama, and Georgia. This has been made possible because the firm has complied with all the regulatory requirements and removed several hurdles successfully. Recently, the firm had also joined the Chicago Defi Alliance For Defi Industry Development.