The CEO of CoinField, who recently launched Sologenic, Bob Ras, continues to emphasize the role his project will play in the fintech industry. In a quick response to some teeming followers of the project, Bob revealed the great benefits that Sologenic will be introducing to the cryptocurrency industry.
Bob said Sologenic was designed to bridge the wide gap between the crypto industry and the traditional finance market, adding that there is no better move geared towards enhancing the usage of XRP and cryptocurrency at large.
The CEO furthered that the SOLO token would greatly augment the adoption of cryptocurrencies globally. More than any other coin, it is clear that XRP will benefit from the project, because Sologenic is an XRPL-based project, Ras has said on several occasions.
Bob Ras said when Sologenic links the crypto and the traditional financial markets, it will be a Win-Win scenario for everyone, and Sologenic would help upsurge the “daily trading volume for both markets.”
He emphasized that Sologenic offers users the ability to trade about 30,000 tokenized Stocks & ETFs against XRP or SOLO. In another development CEO Bob Ras extolled the speed of Sologenic saying the project is fast.
Giving XRP much credence, Bob said 200 SOLO transactions were completely executed in less than 15 seconds.
“Sologenic transaction handler is FAST! 200 SOLO transactions are confirmed in less than 15 seconds on XRP network! Gotta love XRP!”
Previously in a conversation with NewsLogical, Bob Ras explained that Solo Card, which will be unveiled in the first quarter of 2020, is targeted at replacing traditional credit and debit cards. Ras said the card will allow users spend their tokenized assets around the world without any transaction fee.
XRPL Total Daily Transactions Peaks, Reaches 4.5 Million New High
The total number of daily transactions performed on XRP ledger recently reached its peak.
On November 28, XRP ledger presented 4.5 million transactions, the highest in the last 45 days, this was revealed in a data made available on rippleitin.nz.
The number of transactions remains high till yesterday, November 30, presenting a total of 4.5+ million transactions executed.