British trading platform eToro has been advancing its interests through Facebook’s new Libra platform. The corporation released a blog post announcing that it had recently carried out trials involving tokenized assets through the Libra platform.
EToroX, a research-driven off-growth of the British trading firm, had used the Libra platform to launch its debut eToken.
Libra’s emergence has captivated leaders in the crypto field. According to the blog post put out by eToro, the firm’s leading researchers were driven by a desire to test the boundaries of the crypto platform’s efficiency in the first week of its launch.
Facebook’s new crypto initiative has been put in the spotlight off late, generating high amounts of attention across the entire crypto realm.
Despite the crypto industry’s positive reactions, financial authorities in the US and around the world have been raising concerns over the new project. Reports even suggest that a government official in the United States had asked for the social media behemoth to pause production on the crypto initiative while authorities investigate it.
Meanwhile, leading analysts in the crypto industry have been anticipative of Libra’s release as they cast projections over its potential value. Some have, however, been critical of the platform’s technical intricacies.
EToro, on the other hand, has found opportunity for growth in the initiative.
“We applaud the early initiatives of the Libra team in designing Move IR, and are excited to follow the development in the near future,” said Dr. Omri Ross, chief blockchain scientist for eToroX.