CoinField’s New Groundbreaking Project
Login

CoinField’s New Groundbreaking Project

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:
CoinField, a cryptocurrency exchange, is on the verge of making stocks available for trading on the XRP ledger. According to an interview with Decrypt, Bob Ras, the CEO of CoinField mentioned that stocks, fiat-supported Stablecoins and ETFs from different exchanges across the globe will be accessible to traders on the XRP ledger from 2020.

He added that this “ecosystem” will merge non-blockchain conventional market assets with cryptocurrency assets. He announced that CoinField gives its patrons the capacity to tokenize any asset at will and that the tokenizing can be selected from a basket of over 30,000 stocks and ETFs.

Ras concluded by saying that this innovation will help foster the adoption of cryptocurrencies even further.

How Solo Will Work
CoinField plans on using their cryptocurrency, Solo (Ƨ) to serve as a connector for cryptocurrency assets and stocks or ETFs. Solo will then be coupled with fiat currency and will be usable in transactions with other brokerage corporations.

An example is this: Apple shares (AAPL) would get transformed into a tokenized Stablecoin edition of the Apple stock which is AAPLƨ, also, USD would become USDƨ.

These newly created “Stablecoins” can then be traded against XRP as well as Solo on Coinfield’s exchange and XRPL DEX.

CoinField’s Timeline
Confield has been developing this program for the past 6 months. They have collaborated with enterprises like Wieste Wind, and Cashaa to make this project a reality.

The product will be released in the first quarter of 2020 through a public IEO. Solo users will have the ability to exchange their tokens for Bitcoin as well as other assets. They will be provided with a “crypto card” to allow them to use cryptocurrency assets as collateral and can use it instantly anywhere on the planet.

In the second quarter, CoinField plans on releasing an exchange, however, patrons will not be able to use the platform until much later in the year. The exchange is expected to acquire a brokerage licensing from Estonia’s authorities in 6 months.

The establishment is presently headquartered in Canada but they have plans on relocating to Spain.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News