At the Davos conference, Binance CEO Changpeng Zhao (CZ) predicted a significant decline in traditional physical banks over the next decade, emphasizing the potential growth from integrating traditional payments with cryptocurrency. CZ expressed skepticism about Bitcoin payments and Memecoins due to their high risks. He highlighted the challenges in establishing a global crypto regulatory framework, proposing a "regulatory passport" system where licenses from one country are recognized by others. CZ argued that technological advancements in speed and cost reduction do not inherently increase risk, attributing bank liquidity issues to the fractional reserve system.