Visa Cards Linked to Cryptocurrencies Make Everyday Payments, Revealing Volatility Tolerance
Binance founder CZ says, "I don't hold fiat. Very little cash."
— Pakistan Virtual Assets Regulatory Authority (@PakistanVARA) December 14, 2025
He explains how he lives completely in the crypto system, using a card that instantly converts crypto to fiat at checkout. pic.twitter.com/dJLvIPBXLN
Binance founder Zhao Changpeng (CZ) has made headlines by revealing that he does not hold any fiat currency and instead uses only cryptocurrency to support his daily life.
In a recent interview with the head of the Pakistan Virtual Currency Regulatory Authority (PVARA), Zhao Changpeng stated, "I don't hold any fiat currency and I barely have any cash." He explained, "In my daily life, I use a Visa card linked to cryptocurrency as my interface with the fiat world."
The cryptocurrency-linked Visa card is a card product that allows you to convert your cryptocurrency holdings into fiat currency in real time for payments, offering the advantage of being able to utilize the existing financial system while holding cryptocurrency directly.
Zhao Changpeng also addressed the high volatility of cryptocurrencies. He acknowledged that "cryptocurrencies are more volatile than fiat currencies," but emphasized that "if we use cryptocurrencies as a benchmark, we can easily tolerate price fluctuations on an hourly or daily basis."
This is interpreted as revealing the view that short-term volatility is not a major problem when using cryptocurrencies, rather than fiat currencies, as a standard for storing value and serving as a medium of exchange.
Joohoon Choi joohoon@blockstreet.co.kr
