However, the talks are still "very much at a preliminary stage" and have mostly concentrated on "dealing with infrastructure", Chao explained.
In the letter, Forbes strongly encouraged Facebook's crypto initiative, emphasizing Libra's potential to become one of the greatest inventions in the world, which eventually "could replace the USA dollar as the global currency".
According to Forbes, Libra's "fixture" will the actual thing that will make it the "most desirable medium of exchange around the globe", since it can be used in day-to-day transactions, as well as in long-term investing.
It would also be in their interest to list on other exchanges as well and that's probably going to happen.
In another interview, Chao also noted how a partnership with Facebook would be mutually beneficial.
"So if they decide to go on a public chain, and they get the sort of adoption that they could get, we would probably want to list them", Chao said.
Crews working to contain major fire at Jim Beam warehouses in Versailles
He said the whiskey was relatively early along in the aging process and that the fire would not affect retail sales of the spirit. They say once the fire is put out, power will be restored in the McCracken Pike, Hanly Lane, and Deerwood area.
BBC publishes talent pay list topped once again by Gary Lineker
The former footballer was followed in the list by Chris Evans on £1.25 million and Cork's own Graham Norton on £610,000. As a result, many prominent figures associated with major BBC programmes do not feature on the list.
Manchester United agree terms with Sevilla forward
Ben Yedder's release clause is just £35.9 million which would be relatively cheap for a player who scored 18 goals in La Liga last season as Sevilla finished sixth.
And further, he said that Binance would be enthusiastic about becoming a validator node on the Libra network.
Sensing a multi-billion dollar opportunity to improve the cross-border payments system, Facebook has announced to launch its own digital coin called "Libra" next year. Rumors about its existence were rife for over a year, however.
Nonetheless, despite Thursday's (June 27th) sharp decline, the world's largest cryptocurrency, Bitcoin had been well on course to post its three consecutive months of gains in a row, while it had surged more than 130 percent over the second quarter of 2019, and about 260 percent this year, but failed to hit its all-time high of almost $20,000 reached during December 2017's crypto mania.
At the same time, to become "one of history's truly seminal creations", Libra has to be backed by gold as a basic condition, Forbes argued in the letter, opposing it to the current Facebook's plan to back the coin by a basket of currencies.
"Founding Members are required to pool money into the reserve, with the prospect of a return on their investment via dividends from low-yield investment of the reserve's assets".
Now it seems that the effects of the token are being felt within the European Union as a June 29, 2019, report states that European Union Banks are looking to have a payment system in place by 2020 that will enable instant payments partially in response to the Libra token being launched around the same time.