XRP Ledger Is Used For CoinField’s Crypto Trading Platform Sologenic
Ripple and XRP had a great year, and these two entities have been marking a lot of achievements in 2019.
The San Francisco-based company bagged new partnerships, while at the same time, boosting its products and the whole XRP ecosystem.
More than that, the firm has also been promoting the adoption of XRP which has been going great as well.
Only the price of the digital asset XRP failed to see a significant surge this year, and that’s what the XRP and Ripple enthusiasts have been waiting for.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.214759.
XRP Ledger is tested for a new platform
It’s been revealed that Bob Ras, CEO of crypto exchange CoinField sid that the XRP Ledger is now standing up to stress tests for the company’s new tokenized asset trading platform Sologenic.
CoinField started a Ripple-approved validator on the XRP Ledger as it’s preparing to launch.
Sologenic has been created with the main goal of letting people trade thousands of tokenized versions of stocks and exchange-traded funds against both XRP and a new coin that’s called SOLO.
— Bob Ras (@bobrasX) November 30, 2019
XRP races to new markets
As we said, XRP adoption is going well, and now the digital asset is racing towards new markets.
Ripple’s partner TransferGo plans to expand the use of its San Francisco startup’s cross-border payment solutions.
According to a new blog post, the companies are teaming up in order to “provide global real-time payments everywhere to everyone.”
TransferGo CEO Daumantas Dvilinskas said the following:
“RippleNet is facilitating new relationships and helping us to expand to new geographies. We share a vision of a world where cross-border payments are frictionless and accessible…” he said.
TransferGo is reportedly exploring how it can use ODL to move money without having to hold funds in bank accounts all over the world in pre-funding.
ODL stands for On-Demand Liquidity, the former xRapid.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.