The post CZ warns lack of onchain privacy is blocking crypto payments adoption appeared on BitcoinEthereumNews.com.

Changpeng Zhao (CZ), co‑founder of the global exchange Binance, warned that insufficient privacy on blockchain networks remains a major barrier to widespread adoption of crypto payments. The same holds for the transparency of onchain transactions, the executive said, making it challenging for businesses and institutions to comfortably use cryptocurrencies as routine payment options for salaries, suppliers, and other expenses. The idea behind Bitcoin and Ethereum is transparency. The transactions are recorded in a public ledger accessible to everyone, though wallet addresses can’t be directly linked to names; they are often traceable and can be connected to individuals or companies over time. This openness, CZ argues, poses quite real concerns for companies. He cited a straightforward case: If a company pays its staff members in crypto directly onchain, anyone who visits the company’s wallet address might see how much each worker receives.  Salary data is considered private in traditional banking systems. That same information can be made public on public blockchains. CZ also expressed concern over personal safety, speaking earlier on with investor Chamath Palihapitiya, the host of the All-In Podcast.  If everyone can instantly “see” how much crypto a person has or gets, they could be a target for theft, scams, or even physical threats. For A-list personalities or corporate chieftains, this visibility can become a big issue.  These worries are all in lock step with a broader discussion in the crypto community. Cryptocurrency’s early proponents were inspired by “cypherpunk” thinkers, the movement that called for strong encryption and privacy to shield people from threats of surveillance and control.  Bitcoin was initially conceived as a peer-to-peer digital currency that could be transferred without the use of banks or other intermediaries. Privacy was not optional for many early adopters; it was a foundational principle. Businesses fear losing trade secrets on public…

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Filed under: News - @ February 16, 2026 12:01 am