Crypto exchange Binance is now explicitly positioning its Venus stablecoin project as a government-friendly alternative to Facebook’s Libra, just a month after downplaying any suggestions of rivalry between the two.
Binance’s refined sales pitch for Venus comes on the eve of the exchange’s expansion into the U.S. (Binance US is set to begin taking deposits Wednesday) and capitalizes on concerns about Libra raised by governments of major economies.
In addition to Venus bringing developing-world central bankers “options like they never had before,” Lim said it will create a bridge to the unbanked who have mobile technology and give smaller countries “the opportunity to break into the global market through cryptos as they are now plugged into a global liquidity pool provided by Binance.”
https://www.coindesk.com/binance-is-pitching-its-stablecoin-as-a-government-friendly-libra-competitor
Binance’s refined sales pitch for Venus comes on the eve of the exchange’s expansion into the U.S. (Binance US is set to begin taking deposits Wednesday) and capitalizes on concerns about Libra raised by governments of major economies.
In addition to Venus bringing developing-world central bankers “options like they never had before,” Lim said it will create a bridge to the unbanked who have mobile technology and give smaller countries “the opportunity to break into the global market through cryptos as they are now plugged into a global liquidity pool provided by Binance.”
https://www.coindesk.com/binance-is-pitching-its-stablecoin-as-a-government-friendly-libra-competitor