Binance Announces Venus Project to Potentially Compete with Libra By Cryptovest

Binance Announces Venus Project to Potentially Compete with Libra

Binance has unrolled another project in its portfolio, an open blockchain called Venus. The project will generate stablecoins based to local currencies, thus mixing a potentially global presence with a local impact.

But this time, Binance has not started the technical side of the project, instead making the announcement in an exploratory stage and calling to potential partners:

“Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.”

The new blockcha…

This article appeared first on Cryptovest

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