Binance is Сonsidering Becoming a Facebook Libra Node

The Chief Strategy Officer of Binance Gin CHAO noted that the company is considering the possibility of becoming a node for the recently announced Facebook Libra cryptocurrency. He stated this in an interview with Cryptopotato outlet during the FinTech Junction conference in Tel Aviv.

“We’re definitely considering it. And so, we would like to throw our hat in the ring. Whether or not we will become one, we’ll see. [...] It’s a good thing, for sure. Any time a company with the weight, size, resources, and impact of Facebook gets involved, it validates both blockchain and then, in this particular case, cryptocurrencies specifically. So whether or not Libra becomes incredibly successful, it’s already a good thing.”

He also noted that Facebook uses a global approach to its cryptocurrency. Chao believes that Libra represents the best opportunity for the introduction of cryptocurrency in everyday use because the options for its adoption are real. For example, Facebook can evaluate its services and functions in its own currency.

It is also worth reminding that a number of large companies have also expressed their desire to cooperate with Facebook in the process of developing and promoting Libra cryptocurrency.

Image courtesy of Binance