Binance founder Changpeng Zhao stated that artificial intelligence may pose an existential risk to humanity, but it does not pose the same kind of threat to the cryptocurrency ecosystem. As AI-powered software systems grow, it seems more likely that these systems will use crypto infrastructure for payment and value transfer before traditional banks, according to Zhao.
The link between artificial intelligence and crypto infrastructure
In the Galaxy Research interview published on June 18, the Bitcoin cycle, Satoshi Nakamoto’s assets, hyperliquid and the future of artificial intelligence agents were discussed. Zhao said that the current banking system is slow to adapt to non-human economic activities, so autonomous software may prefer crypto networks due to their cross-border and programmable nature.
Mini dictionary: Hyperliquid is known as a blockchain ecosystem focused on decentralized derivative transactions. Autonomous agent refers to a software system that can perform certain tasks without human intervention.
According to Zhao’s assessment, autonomous systems running on the internet need payment tools that are fast, independent of geographical boundaries, and can be managed directly by code. In this context, he argued that bank accounts may be inconvenient for machine-to-machine transactions, whereas web3 wallets offer a more suitable option.
In the interview shared by Galaxy Research, Zhao emphasized that artificial intelligence could pose a serious risk to civilization, but artificial intelligence agents could start using crypto before banks realize it.
In the news, it was stated that in traditional banking, verification processes requiring human approval and delays in corporate account openings pose a significant obstacle. In contrast, it was stated that smart software bots could create open and programmable web3 wallets in a short time, which could accelerate the adoption of stablecoins and permissionless networks.
Possible impacts for those who cannot access banking services
Zhao also suggested that the proliferation of software agents could increase financial access for billions of underserved adults. It was noted that although account ownership has increased on a global scale, many people still do not have access to stable financial instruments.
It was assessed that with the growth of machine-oriented trade, blockchain-based infrastructure could become cheaper and more accessible. It was stated that these networks can offer new options to communities outside the banking system through low-cost money transfer and savings opportunities.
According to Zhao, digital commerce infrastructure growing with automation can unknowingly bring the population who cannot access banking services closer to the decentralized financial system.
Zhao’s long-term technology approach
It was also stated in the news that Zhao gradually shifted his personal focus to basic hardware and software infrastructure. It was stated that it has recently launched new investment initiatives focusing on the intersection of blockchain, artificial intelligence and biotechnology. Changpeng Zhao is the founder of Binance and one of the most recognized names in the cryptocurrency industry.
It was stated that Zhao remained optimistic about Bitcoin and digital assets, but acknowledged that the previously expressed super cycle expectation had not yet come true. Despite this, he argued that the emergence of new usage areas indicates that the crypto ecosystem continues to grow despite price fluctuations.
According to the news, Zhao thinks that if machine-centric commerce develops in the long term, decentralized networks can become one of the main transaction layers in the global economy.
