Changpeng Zhao, CEO of Binance (American press)
Zhang Pingzhao seems like an ordinary person, so the waiters at one of London's most luxurious hotels did not recognize him when he arrived for an interview with Fortune magazine.
In fact, it is difficult to imagine that people would not recognize Mark Zuckerberg, for example, if they saw him in a public place.
And $12.60 an hour for volleyball refereeing, as well as working the night shift at a Chevron gas station.
The writer explains that Zhao became a software developer by training, as he spent years working in Tokyo and New York and contributed to building Bloomberg's trading software. Then he finally returned to China, where he heard about "Bitcoin" in 2013 during a poker game with his friends.
At their suggestion, Zhao sold his apartment in Shanghai and invested $1 million in cryptocurrencies. “None of us understood what Zhao was doing when Binance started, but he was very persistent,” recalls Daming Zhou, one of Zhao’s friends. Zhou has invested about 1 million RMB (about $157,000) in his friend's startup, and he asserts that "this is the best investment I have ever made."
Bitcoin trading at the time took days or even weeks to complete, and “we said we would cut that response short, hopefully within an hour,” Zhao recalls. Then individual traders and retailers responded enthusiastically and the site was flooded with users as cryptocurrencies rose.
It represents a development in bridging the gap of inequalities in legacy global banking, and creating some transparency in a crisis like the Ukraine crisis, adding, “This is the first time in human history that we can collectively agree and keep a record, where no one person bears responsibility for what happens, and this is the case.” "It has profound effects."
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