A section or wing of the leading cryptocurrency exchange, known as Binance Lab has announced his partnership with Libra Credit.
Libra credit is a decentralized digital asset financial services platform. A lending network based on the Ethereum blockchain, with the company planning to launch its platform in the third quarter of 2018, before also launching a mobile phone application in Q4.
This partnership between Binance lab and Libra credit, “aims to address the growing global demand for liquidity of crypto assets based on the Ethereum blockchain.” The partnership will see Libra Credit “lend fiat and crypto denominated assets to users who pledge BNB as collateral.”
The CEO of Binance lab, Ella Zhang said, “The Libra Credit founding team has a wealth of experience and resources in financial services and payment solutions. They are committed to making long lasting impacts in the industry.”
News of the partnership between Binance Labs and Libra Credit appear to drive moderate gains in the BNB markets already.
Great partnership you think?