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.
Natural gas boom threatens efforts on climate change
If all the current proposed projects are built, natural gas supply will instead triple by 2030, the Global Energy Monitor says. It is a common belief that natural gas, which emits only half the greenhouse gases as dirty coal, is a greener alternative.
Black Patient Shaquille Dukes Arrested on Walk With IV in Freeport, Illinois
Police have reviewed a video that came from the cell phone of one of the three men arrested, and video from police body cameras. Dukes said he believes the incident should prompt additional sensitivity training for both police and FHN staff.
China June factory activity unexpectedly shrinks as trade war weighs - Caixin PMI
Ongoing job shedding added pressure on the capacity of manufacturers' operations, with outstanding business up again in June. Goods producers lowered output in June, thereby ending a four-month sequence of expansion, according to the report.
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.