Changpeng Zhao, founder of the world’s largest cryptocurrency exchange, Binance, predicted that cryptocurrency will become the default currency for artificial intelligence agents during a panel discussion at the World Economic Forum in Davos.
Speaking alongside executives from ING Group, BNY Mellon, and Primavera Capital Group, CZ outlined his vision for how blockchain technology and AI will converge to transform the global financial landscape.
AI Agents Will Transact in Crypto
CZ identified artificial intelligence as one of three emerging sectors poised to fundamentally reshape finance.
He acknowledged that current AI technology remains limited in practical applications. “Today’s AI still falls far short of intelligent agency—it can’t book your flight or pay for your lunch,” he noted. “But once it reaches that level, all payments will flow through cryptocurrency.”
The prediction reflects growing industry interest in the intersection of AI and blockchain, as autonomous systems increasingly require seamless, programmable payment infrastructure.
Tokenization and Payments Round Out Top Three
Beyond AI, CZ pointed to tokenization and payments as major growth areas. On tokenization, he revealed active engagement with multiple governments.
Payments, however, remain an unsolved challenge. “We’ve tried, but haven’t yet cracked it,” CZ admitted. “To be precise, cryptocurrencies haven’t meaningfully entered the payments space.”
Still, he sees progress in hybrid solutions that combine traditional payment rails with crypto infrastructure—consumers swipe cards while crypto is deducted from their wallets, and merchants receive fiat settlement. “Once those bridges are built, payments will undergo a major transformation,” he predicted.
Binance by the Numbers
CZ provided context on Binance’s current scale, highlighting metrics that underscore crypto’s mainstream arrival.
The exchange serves 300 million users globally—a figure CZ noted “likely makes it larger than any bank I know of.” Trading volume not only surpassed that of the Shanghai Stock Exchange but also exceeded that of the New York Stock Exchange last year.
He also pointed to the platform’s resilience during market stress. In December 2023, following the FTX collapse and other industry turmoil, Binance processed $7 billion in single-day withdrawals without disruption. Total withdrawals that week reached $14 billion while the platform remained fully operational.
“In the banking system, I’m unaware of any bank capable of withstanding withdrawals of that magnitude,” CZ said, attributing the difference to crypto’s full-reserve model versus traditional fractional-reserve banking.
What Won’t Survive
CZ also offered candid assessments of what may not last.
Bitcoin payments, despite a decade of effort, have shown little progress. “If you’d asked me this question ten years ago, I’d have said Bitcoin payments. But today, a decade later, we’re still nowhere close,” he said.
Memecoins face similar skepticism. “I have a strong hunch memes may follow a similar trajectory” to NFTs, which “exploded in popularity—and then faded dramatically.” While culturally resonant projects like Dogecoin may persist, “I believe most memecoins won’t last.”
Physical bank branches also face decline. “Demand for physical bank branches will decline sharply,” CZ predicted, citing the maturation of electronic KYC and digital financial services.
Regulatory Landscape
On regulation, CZ noted that crypto rules vary dramatically worldwide. Binance holds 22-23 licenses globally, yet most countries still lack formal frameworks.
He advocated for regulatory “passports” that recognize licenses granted in one jurisdiction by others—a more achievable step than creating new global regulators.
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Source: https://beincrypto.com/cz-crypto-native-currency-of-ai-agents/
