In a candid and insightful session during his first Binance Square Audio live event, Richard Teng, CEO of Binance, discussed the company’s recent strategic developments and shared a touching personal experience from his travels. The session offered a unique glimpse into Binance’s ongoing efforts to drive industry growth while positively impacting communities worldwide.

A Heartwarming Encounter in Taiwan

During the session, Teng shared a poignant story from his recent travels that underscored the real-world impact of cryptocurrency on individuals and communities. While travelling in Taiwan, Teng recounted an encounter with a young gentleman who approached him on public transport, recognizing him by the Binance kit he was wearing. The man shared that he and his family had come from a very poor background. However, through his brother’s introduction to Binance and cryptocurrency investing, they managed to lift themselves out of poverty.

“This young man told me how his brother, through investing in crypto and later becoming a coach, achieved financial freedom and significantly improved their family’s livelihood,” Teng shared. “It’s moments like these that remind us of the profound impact that financial empowerment through cryptocurrency can have on people’s lives. It’s not just about technology; it’s about bettering lives and providing opportunities where they might not have existed before.”