The Capital
Published in

The Capital

Binance Research: Libra May Change Payment Industry

A Binance Research report says that the launch of the Libra crypto project could dramatically change the international payment infrastructure.

Researchers compared the creation of a new payment network with the advent of SpaceX, which has revolutionized the space industry.

Recall, in the middle of last year, Facebook announced the launch of its own digital currency, Libra. After that, it was stated that, especially for the token, developers will create a whole infrastructure for processing payments.

In parallel, the founder of Facebook Mark Zuckerberg emphasized that the launch of Libra will take place only with the approval of the central banks.

Analysts at Binance Research note that if the platform for operations with Libra is really launched, the financial sector will become more productive. Cross-border transfers will be simplified and accelerated, and transaction costs will be reduced.

The Libra project will be global; its participants will be the central banks of the leading countries of the world, the authors of the report say.

Author: Marko Vidrih

Featured image credit: Pixabay

--

--

--

A publishing platform for professionals in business, finance, and tech

Recommended from Medium

🔸ALPEX MARKETS WRAP — SEPTEMBER 9, 2021🔸

Charles Hoskinson on Promoting Cardano and the Future Army of Marketers

Earnfinex’s Proof Of Volume algorithm

Spores Community Town Hall

Boca Bits — FIA Boca 2019 Day Two

Bunny Girl Weekly Progress Report — — 21-Feb-2022

How Crypto-Lending Was Fighting Bitcoin Crash 2020

My First Bitcoin Experience

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Marko Vidrih

Marko Vidrih

Most writers waste tremendous words to say nothing. I’m not one of them.

More from Medium

Navigating the bear market of 2022

Why your next Real Estate Investment might not be in Real Estate, directly

Gold, Bitcoin or S&P500? It depends

CBDC — Can Banks Derail Crypto?