The CEO of the American dedicated section of Binance exchange, Catherine Coley, has said it would be a great deal if Binance.US can become an ODL partner of Ripple since the former shares alike vision with the latter in terms of remittance.
Catherine made the assertion during a YouTube interview yesterday, March 3. Catherine who had worked as the foreign exchange advisor at Silicon Valley Bank and Morgan Stanley, was asked why she moved into the crypto world from the traditional finance industry.
She laid claim that new technology is taking over the finance world, hence, making transfer of money easier. She said she wanted to be ahead of the technology and not behind it.
The subject Ripple came in when the host mentioned that she previously worked at Ripple as the head of XRP institutional liquidity.
The host asked if she’s still bullish about XRP having moved from Ripple, adding that this should not be taken as financial advice.
Catherine said they had a great team at Ripple.
“I know the team is still intact, and they even brought more muscles over.”
She said Brianne Madigan is now sitting at the helm she held then and she thinks she’s still leading a great team. Catherine added that the team is still making sure that they can move money quickly across the borders.
The CEO of Binance America said this is a use-case she still feels strongly about, concluding that she thinks Ripple is still in great hands.
The host asked further if Binance could potentially become Ripple ODL partner.
Catherine instantly replied that she taught of that while she was working at XRP on XRP liquidity.
She said while at XRP, infrastructure was one of the major constraints for Ripple’s xRapid, now ODL.
“Having built Binance.US, we are building easy fiat on-ramp allowing people to get low fees for exchange dollars into currency of their choice with the ease of being able to connect to other larger geographic places.”
Catherine said she thinks it is a perfect match if Binance.US becomes an ODL partner of Ripple, but they’ll see what Ripple has to say.