Binance Exchange Partners with Tron, Ripple, and 43 Others to Create a Stablecoin To Reduce Poverty

The fight against poverty just took a new dimension. About 45 top crypto firms in the industry have come together to look for a way to fight poverty in the digital currency way. This initiative is spearheaded by the largest digital currency trading platform by volume in the world – Binance Exchange. Binance is crypto trading platform based in the US, and it is one of the best trading platforms in the world. The platform has its own native currency – Binance Coin (BNB). Binance Coin (BNB) is also considered as one of the best cryptocurrency to invest in 2019. The digital currency has proven to be a great investment option over the past months. BNB price trend has been impressive and it has attracted a lot of digital asset investors into the crypto space.

This big crypto news update is coming after Binance announced Catherine Coley as the CEO of Binance America a couple of days ago. Coley is the former head of XRP institutional Liquidity at Ripple.

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Binance Partners with 45 Cryptocurrency Companies to Alleviate Poverty in the Society – Cryptocurrency News Today

Binance has a plan to eradicate or bring poverty to the barest minimum in society. The exchange plans to achieve this by partnering with Tron, Ripple, Vechain, and 42 other digital currency projects to launch a stablecoin. According to the announcement by Binance Charity Foundation (BCF), the name of the stablecoin would be Pink Care Token. Binance Charity Foundation is a blockchain-based charity organization and it is the philanthropic arm of Binance.

The aim of this stablecoin is to empower and enrich about one million women in underdeveloped and developing countries across the globe. The Binance Charity Foundation plans to use the stablecoin to enhance feminine health and overall well-being in the affected nations. The blockchain-based charity platform will make its maiden of sanitary pads and Pink Care Token in Uganda this month. Uganda is an African country with a high level of poverty. The Ugandan government is strongly behind the development.

Binance Aims to Boost Digital Currency Adoption All Over the World – Cryptocurrency Market Update – Binance Coin Price Prediction

Binance exchange aims to promote the adoption of cryptocurrencies across the globe. To achieve this goal, which is currently the goal of many crypto project founders and CEOs, the trading platform is seeing charity as a means of promoting digital currencies. According to the exchange, the new stablecoin is a redemption-only token and it would allow holders to sanitary pads supply for a year rather than fiat currency. The stablecoin will reduce the level of poverty in the country as it would bring the actual value of fiat currency to the digital currency world.

Binance Coin Price Analysis – BNB USD Live Price – Binance Coin Price Prediction 2019 – Cryptocurrency News Today

Binance Coin (BNB) – the native currency of Binance Exchange – is one of the best performing cryptocurrencies in the crypto market. Binance Coin is currently ranked 7th on the list of top digital currencies by market cap according to CoinMarketCap. BNB USD live price is $32.63 after a decrease of about one percent over the past twenty-four hours. The digital currency is currently supported at the $30 mark. On the upside, the digital currency is facing resistance at the $35 mark.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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