Binance is talking to Facebook about involving in upcoming Libra project. Speaking to Finance Magnates at the FinTech Junction Conference in Tel Aviv on Thursday, Binance CSO, Gin Chao, suggested that Binance may support the Libra blockchain by acting as a permissioned node that validates transactions.
“We have had official dialogue with Facebook. With regarding to listings specifically, right now they are going to be on a so-called ‘private chain,” said Chao.
Chao said that Binance is “definitely considering” the option, although a final decision is yet to be made. He also added that conversations with the social media giant “have largely focused on dealing with infrastructure.”
“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 cryptocurrencies. So whether or not Libra becomes incredibly successful, it’s already a good thing,” Chao said about the Libra project.