CZ: Living in a Financial Center, It's Hard to Understand Life Without a Bank Account On November 3rd, Binance co-founder Changpeng Zhao (CZ) @cz_binance engaged in a dialogue with a host at Oxford Union @OxfordUnion. When discussing financial freedom, CZ started with everyday bill payments. He stated that in mature financial centers like the UK, people often find it difficult to appreciate the inconvenience of not having a bank account. However, in some parts of Africa and Southeast Asia, access to financial services is not easy, and paying a bill can take three days. He gave the example of how, with cryptocurrency, even if an entire village only has one smartphone, villagers can use it to pay bills in three seconds, saving them the trouble of making a special trip. Source: Oxford Union