Binance Will Create A ‘Binance Chain’

Dawid Paluch
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The largest cryptocurrency exchange in the world (by trading volume), Binance will launch its own blockchain called ‘Binance chain’, in the upcoming months. On December 4th, the platform also announced a new partnership with Tripio, a blockchain-based hotel booking platform.

2018 was a big year for Binance. At the beginning of the year, the exchange moved to Malta. Later, the platform purchased a mobile cryptocurrency wallet for its clients and tried to rescue the Japanese of the flood. The company also has had some problems recently. Its volume has dropped off around 50 percent.

Building new blockchain

The company announced a new development in a tweet:

New blockchain should provide a base for creating new coins and Initial Coin Offering (ICO) tokens.

Forbes confirmed that Binance’s CEO, Changpeng Zhao announced its project during a recent private event in Singapore hosted by Forbes Asia, called “Decrypting Blockchain for Business”. As of today, we don’t know the precise date when it will start.

Zhao also said that the new plan will actually be a new approach to the old idea of using the technology. So far, the CEO has revealed only that the company will be “pushing really hard into that space since its original intent hasn’t taken off for some reason.”

Travel with Binance

On December 4th, Tripio, a blockchain-based hotel booking platform, announced via Twitter a deal with Binance.

A moment later, Changpeng Zhao confirmed the partnership. According to the announcement, Tripio offers to its clients almost half a million hotels spread across the whole world, where Binance Coin (BNB) owners can make a reservation.

 

 

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