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Binance will release its own stablecoin, Visa's first crypto project. Avenir Suisse analytical center recommends the government of Switzerland to launch a national cryptocurrency.
Binance Cryptocurrency Exchange stated that within two months it would launch its own stablecoin and promote it. The exchange actively cooperates with various companies and coins by Stably and other startups are available here. Nowadays the exchange plans to focus on launching its own coins.
This news threatens Tether stability, which is now managing USDT coins. Over 60% of its turnover is accounted for by China, where Binance is the main service provider. At the same time, Binance was subjected to very harsh criticism from Vitaly Buterin, the founder of Ethereum cryptocurrency. He declared that too much centralization of the platform makes it a shady player in cryptocurrency market. Additionally, the high commission and long term transaction processing were negatively evaluated.
LINE Pay, application developer from Japan, and VISA, one of the largest payment operators, will jointly develop a new blockchain solution. According to estimates, the new product will allow to book B2B transactions and international payments. In addition, transactions with alternative currencies will be also allowed.
The new project will allow users to work with VISA cards via mobile wallets. It is noteworthy that the presentation did not pay attention to cryptocurrency, however, it is an essential part of LINE Pay activities. Two months ago, a digital financial assets division was opened by VISA. It is quite probable that the public is now presented with the first stages of blockchain introducing into the giant’s business.
Avenir Suisse, Swiss analytical center, is one of the most influential representatives of its sector. Its published report urges the national government to create state cryptocurrency. According to researchers, this will allow the country to regain leadership in the financial industry and increase investors appeal.
Avenir Suisse proposes to make an economic system based on blockchain, and afterwards release franc token, which will be fully controlled by the Central Bank. Even as we speak, Switzerland has turned out to be one of the most loyal European countries in relation to cryptocurrencies. Here, Bitcoin ETF funds were launched on the largest SIX Exchange and now a stablecoin is being created with reference to franc.