The crypto market is looking bloody today, with the digital assets trading in the red, following the huge Bitcoin (BTC) fall since yesterday.
Earlier, we addressed a couple of reasons which might have triggered this.
XRP is praised by the CEO of CoinField
As Bitcoin's dominance might be on its way down, other coins have been gathering interest. Ripple‘s XRP is one of them.
The CEO of crypto exchange CoinField said that XRP is the very best choice for the company’s new tokenized trading platform Sologenic.
In an interview with Nugget’s News, Bob Ras offered new details on the platform.
This is designed to let anyone trade tokenized versions of stocks and ETFs against XRP and a new token called SOLO.
Ras said that CoinField decided to move from Canadas to Malta to launch Sologenic where he could offer trading for tokenized securities legally.
“Right now in Canada, there are no clear regulations. Everything is in a gray area. We want everything to be black or white. We want to know what is legal and what is not legal.”
XRP offers the best mix of speed and utility
It’s also worth noting that Ras said that the company considered more DLT platforms including Ethereum and Stellar, and decided that XRP provides the very best mix of speed and utility.
“As you probably know, XRP has one of the fastest blockchain networks. It can literally transfer funds from ‘A’ to ‘B’ in a matter of seconds. And it’s super, super cost-efficient,” he said, as cited by the online publication the Daily Hodl.
He continued and pointed out that “the XRP Ledger gives you all the tools that you need to develop your own customized financial ecosystem. Six or seven months ago, we started to do research, and we started with Ethereum, Stellar Lumens, and XRP. But at the end of the day, we decided to go with XRP’s technology because of the reasons that I mentioned…”
We suggest that you watch the video in order to see what else he had to say.
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