Binance in Discussion with Facebook About Libra

One of the popular cryptocurrency exchange, Binance is in talks with social media giant facebook about the most buzzing Libra coin.

In an interview on June 27 with  BlockTV, Binance’s Chief Strategy Officer Gin Chao said: “Binance was looking forward to working with Libra as much as we can.”

Chao  claimed:

“I think the potential that Libra can have, not just on mass adoption. But what it means to payments and forcing regulators’ hands to catch up a bit, is all good news.”

Apart from this, in a private interview with  Finance Magnates at FinTech Junction Conference in Tel Aviv, Chao revealed that the discussions between Binance and Facebook “have largely focused on dealing with infrastructure” and pointed out that the exchange is in early discussions for listing Libra on their platform.

He added :

“It wouldn’t just be in [Facebook’s] interest to list their coin on our exchange. It would also be in their interest to list on other exchanges as well and that’s probably going to happen. So if they decide to go on a public chain, and they get the sort of adoption that they could get, we would probably want to list them.”

However, Chao also highlighted that, although Binance may be in contact with Facebook, he expects other cryptocurrency exchanges to engage with Libra

On the other hand, in a separate discussion with CryptoPotato, Chao confirmed that Binance “would like to throw its hat in the ring” to become a validator node on the Libra network.

What’s your view on this? Will Binance Collaborate with Facebook and List libra coin? Share your thoughts on our Facebook and Twitter page.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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