🔹 “Crypto fixes this” – CEO Richard Teng on Financial Inclusion
🗣️ Key Message
• In a tweet on July 29, 2025, CEO Richard Teng shared a quote from a Binance user:
“Crypto saved us, it’s the only way we receive money from family abroad.”
He added:
“Borders shouldn’t block opportunity. Fees shouldn’t disadvantage the underprivileged.”
Summing up, he declared: “Crypto fixes this.” 
🌍 Themes & Vision
• Financial inclusion: Teng emphasized that around 1.4 billion people are still excluded from formal financial systems globally, and crypto—particularly remittance-focused stablecoins and tokens—offers an essential bridge to access .
• Cross-border remittance efficiency: Traditional remittances can carry fees as high as 10 %, reducing the value of funds received. Crypto offers near-instant transfer capabilities often with fees below 1 %, making it a lifeline for low-income recipients  .
📈 Strategic Context
• Teng also underscored this belief in broader institutional commentary: he highlighted crypto’s evolution from being widely dismissed as a “scam” to being embraced as a legitimate, institution-ready asset class. The shift is driven by regulatory progress, real-world utility like cross-border payments, and the integration of digital assets into bank services and corporate treasuries .
• This messaging aligns closely with Binance’s core mission under Teng’s leadership: to promote crypto as a tool for financial freedom and inclusive global finance.
