CZ Advocates for Crypto Wallets as Primary Tools for Daily Transactions
Former Binance CEO CZ advocates for crypto wallets as the main tool for daily blockchain transactions, suggesting exchanges should focus on professional traders. He expressed this during a discussion with Trust Wallet CEO Eowyn Chen, emphasizing the evolving role of wallets beyond mere storage.
Key points from the discussion include:
- CZ asserts that most users should not rely on exchanges for transactions.
- Wallets like Trust Wallet enable financial interactions, digital identities, and DeFi services.
- Trust Wallet has seen significant growth, reaching nearly 200 million downloads.
- CZ highlighted the potential for wallets in providing decentralized identity solutions for governmental services.
- Chen noted the importance of separating wallets from exchanges to cater to different user needs.
- Digital certificates and educational resources may be integrated into wallets in the future.
This shift indicates a transformation in the functionality of crypto wallets, positioning them as essential tools for both financial and identity management.