Leading Crypto exchange Binance’s CEO Changpeng Zhao’s visit to Albania and meeting with Prime Minister Edi Rama has triggered many speculations. They reportedly discussed blockchain and cryptocurrencies.
CZ shared photos where he is seen with Albania Prime Minister Edi Rama along with the team from RNS.ID, Binance’s sovereignty-backed digital ID platform. The Binance CEO hinted the agenda of the visit was about expanding crypto endeavors and stated that “pushing crypto adoption never stops.”
In June, CZ visited Palau to kick off BNB Chain-supported ID NFTs.
PM Edi Rama is proactive in encouraging blockchain and had meetings with Vitalik Buterin, co-founder of Ethereum, to discuss adoption of blockchain technology in Albania. The Albanian government is taking many steps to foster an environment to expand blockchain and cryptocurrency businesses. In 2018, Albania’s parliament passed a law recognizing cryptocurrency as a legal tender.
As for RNS.ID, it is a crypto-project based on Binance’s BNB chain facilitating digital ID in countries and the team had a successful debut in the Republic of Palau.
Meanwhile, Binance has added another $1 billion to the rescue fund taking the new corpus to $2 billion. The new allocation was announced by Binance CEO CZ on Friday.
Responding to Binance’s goodwill gesture, Aptos Labs and Jump Crypto, and some other crypto companies joined the initiative and offered to contribute $50 million to the rescue fund to support crypto industry firms facing liquidity crisis mainly after the FTX collapse.