Crypto exchange Binance challenges Facebook's Libra with its own platform
Facebook's Libra hasn't even properly launched yet (and it won't for many more months), and competitors are already cropping up.
Binance, one of the world's largest cryptocurrency exchanges by volume, has announced Project Venus, an initiative to create localized stablecoins — cryptocurrencies whose value is pegged to that of an asset such as gold or the U.S. dollar — all across the globe.
Like Facebook's Libra, Venus is an open blockchain project, and Binance is seeking partners among governments and corporations to create stablecoins that will "empower developed and developing countries to spur new currencies." Read more...
More about Facebook, Libra, Binance, Project Venus, and TechCOntributer : Mashable https://ift.tt/2NgGS1c
Crypto exchange Binance challenges Facebook's Libra with its own platform
Reviewed by mimisabreena
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Monday, August 19, 2019
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Reviewed by mimisabreena
on
Monday, August 19, 2019
Rating:
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