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.”
Long? how Long please 🙏 SXP really dumping hard within Short periods of time. loosing lot of investors ran away.
morningtomyum
⋅
@michaelnguyen629 we might see one more leg down to form a big H&S ok the daily, but I'm definitely bullish long term for SXP, there's already bullish divergence on the 4 hour.
this did not age well! it would make sense for SXP to remain low, to attract new sign ups as it rolls out across the world.
gerhol
⋅
Price of SXP is still dropping. No support for this coin.
Will the coin find support at 0,50 USD or lower?
Please take note: The coin value in August was about 0,50 USD and rised up to 5 USD.
The cashback for the swipe cards is paid in BTC and no additional support for SXP.
Cashback with SXP will be better support for SXP.
michaelnguyen629
⋅
Short again?. currently at $1.51. 💔😏
morningtomyum
⋅
🔥The more white label cards are emitted to other exchanges and companies the larger the SXP network grows inducing more SXP supply burn.
💎Look at it the same way you look at the "VISA" logo on your branded local bank card.
@morningtomyum yes Visa needs to do something to save this Rubbish coins before its too very late. recently sxp prices has became number 1 by losing its prices down badly by too many Shorts lately and still Short . this coin very new to the market, need to gain trust within big investors by strong supporting , holding and keeping it upwards prices more stable. dont scares too many investors run away SXP, Visa?. Visa should do and spend $$$ more in SXP if you really cares?. have a look at Polkadot when first list at Exchange within 2 days they pumped 4 billions into Dots market cap. this help Dot by not loosing its own prices due to recently market vilotated affected all coins loosing their prices badly.