Each time there are more and more events and births of new alternatives where we can all participate, of course that will also depend on the emerging market that comes out of these initiatives.

Binance comes into the game, but this time it will be another one that plays to compete against Facebook.

Venus vs Libra

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We know that Binance as an exchange is well positioned by its large number of users in the world and that gives rise to launch an ecosystem of currencies, of this type they have good existing public chain technology and global compliance measures already established.

To enter this new competition they must definitely take advantage of all their technological potential, the existing technical knowledge as well as the personnel dedicated to this.

Bincance in recent news mention that they seek alliances:

We are looking for alliances with governments, corporations, technology companies and other cryptomoney and blockchain projects in order to develop a new monetary ecosystem that empowers both developed and developing countries.
"But it will be true that those who will benefit? the developed countries or the developing countries, I ask myself that question after reading this statement by Binance".

Binance as an excellent exchange seeks for the project the best way to build a new open alliance and a sustainable community, will be a way to recruit partners who exert influence on a global scale.

It goes without saying that Binance will use all its arsenal and all its existing infrastructure, but for a long time now they have been running some stablecoins that are linked to native assets, and as you know they also include a stablecoin linked to Bitcoin (BTCB) and the stablecoin Binance BGBP (BGBP) linked to the British pound.

Thanks to their extensive experience with various regulatory regimes they were able to consolidate a good compliance risk control system, which will help them build a multidimensional cooperation network for their Venus project.

But what about Facebook, the titan of social networks, to launch a stablecoin, Libra, that would drive a global cryptopaid network integrated into the company's three applications: WhatsApp, Messenger and Instagram. It's long been announced that facebook entered the game and is tuning its engines with Libra and its wallet Calibra.

I think that there is much expectation Libra and facebook has not started with its great media power in its platform but that is about to happen and we all know the great reach that platform has at world level, of course with some exceptions of countries where it is blocked, however for them does not present any problem equal its reach is very large, as mentioned is a Titan in social networks.

A lot of questions arise but I'll only leave two: