The CEO of Binance, Changpeng Zhao, has shed light on the difficulties Binance faced in getting listed on the Apple App Store.
Binance was recently made re-available on iOS late last week. The app used to be available on Apple before but got delisted a few months ago. The app was no longer available on the App Store and many users were unable to download it.
According to the CEO:
Getting “listed” in the App Store was a tough process, probably harder than getting listed on Binance. Being the applicant, we worked hard and followed all the rules and procedures, never complained. And got there in the end. Enjoy the iOS app!
Binance has consistently been announcing updates on its platforms for the past month. However, despite the many upgrades, there was a constant demand from the community to get Binance listed on the App Store.
Users do seem to be relieved that Binance can be accessed on Apple devices again. It is the world’s largest cryptocurrency exchange and users have been complaining about its unavailability for a long time now. Accordingly, users on Reddit and Twitter seem ecstatic by the news. Some hailed it as an extremely positive sign among the bearish turn that cryptocurrency prices have taken in the past weeks. Hopefully, Binance will be able to regain the users it had lost when the app got delisted.
While this update was big news for the Binance community, today was an even bigger day for Binance fans. Earlier today the exchange announced its plans for ‘Venus’, “an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.”
This is big news because now Binance will be entering into direct competition with social media giant Facebook. The company also has a fiat-backed stablecoin called Libra in the works. The cryptocurrency has not yet been released and plans to be launched in 2020. By swooping in early, Binance will now have the first-mover advantage.