Catherine Coley of Binance.US suggests crypto could help in more ways than one during the pandemic

Quick Take

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• Catherine Coley has recently said that adopting cryptocurrency could be one of the only ways for businesses and companies to somewhat resist the pandemic in the future.

• Speaking in an interview earlier this week, the CEO said that cryptocurrency has the ability to offer uses beyond the speculation in which investors could engage in e-commerce transactions and push new companies and other real-world applications.

The chief executive officer of the United States arm of the Binance crypto platform, Catherine Coley has recently said that adopting cryptocurrency could be one of the only ways for businesses and companies to somewhat resist the pandemic in the future.

Speaking in an interview earlier this week on the 21st of September with Joe Weisenthal and Tracy Alloway on the Odd Lots Bloomberg podcast, the CEO said that cryptocurrency has the ability to offer uses beyond the speculation in which investors could engage in e-commerce transactions and push new companies as well as other real-world applications.

Furthermore, Coley went on to discuss the future of the next five years and specifically highlighted the infrastructure that is currently being built in the crypto and blockchain industry. 

She particularly discussed how cryptocurrency, and the nascent technology around it, would be able to set in stone the way for real-world applications to operate. This would mean people all over the globe would be able to participate in different sectors such as investing in start-ups as she went on to say:

“Absolutely. If you’re building a company in the next five years and you do not consider digital assets as a component, you re going into this in an ignorant way.”

She continued:

“So it is a trend that is picking up. It’s an adoption case that is pandemic resilient. And if you’re planning on any business model going forward, I would sure hope that you make it pandemic resilient as well.”

For the future, the CEO said that many businesses should look to cryptocurrency for inspiration. To that end, she said that it has made conversations about money more digestible for the average person as well as be more accessible to professionals and traditional finance.

“This is an industry that is reaching a significantly different audience than finance. I’ve been able to stay off the streets because of crypto and there is so much benefit in that, that people underestimate.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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