Many people ask us what are our grand plans for 2020; we don’t make grand plans. Neither do we make new year resolutions. We prefer the “slowly but surely” mentality. Our experiences have taught us that grand plans change faster than we can announce them. So, we typically don’t announce grand plans ahead of time, we will announce them when they are ready to be launched. As mentioned throughout the article, we have many projects underway.
One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies. We always have a number of strategic acquisition discussions in the works, a couple of them are major and will have a significant impact. We will announce it in due time.
We are further decentralizing ourselves in every way, from our team structure, work locations, operations, product, and services. We are even drafting a new incentive structure to replace traditional ESOPs, as we resemble more of a community than a company. We call this the ETOP (T for token). We will share this new idea with the world once we work out all the details.
Last but not least, we hope to fully open-source Binance Chain and Binance DEX in 2020.
We strongly believe that 2020 will be a year of adoption. Governments around the world will adopt crypto in one form or another. Some are looking at ways to adopt existing cryptocurrencies, some are planning to issue their own central bank digital currencies (CBDC) with varying degrees of freedom. The ones with higher degrees of freedom will see more adoption and dominance of course. We also see many traditional financial institutions entering the space. Many payment service providers that were reluctant to provide services to cryptocurrency companies are now eager to do so. We are seeing a race now instead of resistance.
This year also marks a new decade, which is meaningful when you look at things on a longer time horizon. As Bill Gates said, most people overestimate what they can do in one year, and underestimate what they can do in 10 years.
By 2030, not only will blockchain and crypto still be around, they will be everywhere.
Crypto will be used to pay for self-driving versions of Uber. Crypto will be used to buy things from half a world away and have them delivered to you via drones. Crypto will be used to fund biotech research. Crypto will be used to fund ambitious projects like going to Jupiter. (Okay, maybe not 2030, but who knows…)
Blockchain will be used for identity, with proper privacy controls. Blockchain will be used for voting in elections. Blockchain will be used for mass-adopted, decentralized social media, without worries of platforms randomly shutting down your accounts with millions of followers. Blockchain will be used to track public project spending. And much more…
I wouldn’t even dare to make any price predictions on this time scale, but neither is the prediction important. What’s important is blockchain (and crypto) will be used everywhere, and we won’t even think about it, much like databases are used in almost all applications today and we don’t think about it.
Team & Community
Lastly, I want to close by thanking my colleagues in the Binance team. Thank you for your contributions, commitment, and dedication, your great work has not gone unnoticed. In the same breath, I must also thank our Binance Angels, who volunteer their time and effort to help the Binance community and work tirelessly at it, all for the cause.
To our community of users, partners, and friends, we’re beyond grateful to have your support. In this infinite game, and in the face of significant challenges, we have made significant progress.
Let’s make 2020 another incredible year in crypto. We wish you and your loved ones joy, peace, and good health in the New Year.
Read complete message: here. Binance 2020
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