Binance Testing British Pound Stablecoin '$BGBP' On Its Native 'Binance Chain' Blockchain.

Binance Testing British Pound Stablecoin '$BGBP' On Its Native 'Binance Chain' Blockchain.

2019-06-04 | Big Bob

Binance Testing British Pound Stablecoin '$BGBP' On Its Native 'Binance Chain' Blockchain.

In line with a recent official 'twitter post' published, leading cryptocurrency exchange Binance is testing a British pound stablecoin on its native 'blockchain' named ‘Binance Chain’. 

One twitter user CryptosBatman outlined that the listing “$BGBP” appeared on the Binance platform.

Binance chief executive officer ‘Changpeng Zhao’ has 'commented' on the tweet, confirming that a pound 'stablecoin' is within the testing phase, with solely £200 minted.

Zhao came into notice last month for posting regarding potentially rolling back transactions [re-org] on the exchange after a recent $40 Mln 'hack'. Zhao apologized after the incident, adding:

“Given how much I speak, I generally say the wrong stuff, dirty words like ‘reorg’, for which I apologize. It's my sturdy view that our constant and clear communication is what sets us aside from the “old means of doing things”, even and particularly in tough times.”

Earlier in May, Zhao reportedly soughted damages from  venture capital firm named ‘Sequoia Capital China’ on the grounds that they destroyed his reputation and business due to an improperly-obtained injunction against him earlier in 2017.

As 'reported' earlier by EtherDesk, Binance’s Decentralized exchange [DEX] web- site can geoblock users within 29 countries, starting in July which also includes uses from Unites States. A pop-up on the website notes while attempting to access [Binance DEX] with an IP address associated with one among the banned countries; but, users however can still avail themselves of wallets that support [Binance Chain] for using Binance DEX.

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