CZ is saying that the biggest reason everyday people and companies still do not widely use cryptocurrency like Bitcoin BNB ETH for real-world payments like salaries shopping bills is the lack of privacy in most blockchains today.
Cryptocurrencies like Bitcoin Ethereum BNB Chain etc are public and transparent by design:
• Every transaction is permanently recorded on the blockchain
• Anyone can look up any wallet address and see
• Exactly how much crypto was sent
• When it was sent
• The full history of that address often linking many transactions together
His main example the imagine part
If a company starts paying all its employees in crypto directly on-chain straight wallet-to-wallet transfers no bank CEX in the middle
• An employee or competitor journalist hacker family member etc could simply
• Look at the company’s wallet address the from address
• See every outgoing payment
• Figure out roughly everyone’s salary or at least the exact amounts paid to each wallet
This exposes private financial information that people normally expect to keep confidential like in traditional banking where salary details are not public
#CZ #TradeCryptosOnX #MarketRebound #Privacy #currentupdate $BNB