Binance may have experienced a couple of drawbacks this year, but this hasn’t stopped its plan to expand the blockchain and overall crypto space. For example, the exchange has just announced a EUR100 million initiative for developing the blockchain and crypto ecosystem of France in collaboration with France Fintech.
The initiative bears the name “Objective Moon” and it has three blockchain and crypto projects in the country. It will include an online Education Programme that will supervise crypto and blockchain talent in France in collaboration with OpenClassroom and wallet manufacturer Ledger.
The focus will also be on the creation of a Decentralized Ledger Technology (DLT) accelerator, but also on creating a Binance Research and Development hub in France.
The chairman of France Fintech, Alain Clot, has commented:
“France Fintech believes that France is uniquely positioned in terms of regulation, talent and expertise to be the leading player in Europe in the field of decentralized finance and we believe that the collaboration started with Binance today will allow the entire ecosystem to grow significantly in the coming years.”
Creating the Objective Moon Accelerator
As mentioned, the Objective Moon Accelerator will have a focal point in creating a DLT ecosystem in France and in Europe. In order for the exchange to create the French Hub for Binance’s Research and Development, the company will look to recruit talent, not only in France, but in Europe.
Changpeng Zhao, the CEO and founder of Binance, declared:
“At Binance, we recognise the quality of French and European tech, crypto, and blockchain talent, and we are convinced that with the launch of Binance’s major operations and investment in France, we can significantly contribute toward making France and Europe the leading global player in blockchain and crypto industry.”
Since Binance has had a rather rough year when it comes to regulations, this initiative may offer some relief for the world’s biggest crypto exchange.