The Canada-based crypto exchange CoinField says it’s a step closer to launching a mysterious project designed to push mass adoption of XRP.
The exchange says it has launched an XRP validator and is preparing to roll out the project. The validator has already been added to Ripple’s Unique Node List (UNL) of trusted servers.
CEO Bob Ras is calling the upcoming project a game-changer for both the digital asset and the blockchain industry as a whole.
“This new ecosystem is the most sophisticated project ever built on top of XRPL, and it is the best use case for that.
We believe this will be a big step forward for the whole industry and the mass adoption of XRP blockchain.”
CoinField began teasing the project last month. The exchange posted a backwards “S” on Twitter, asking its followers for their take on the best use case for XRP.
“What do you think the best use case for #XRPL will be? Ƨ + XRPL = ?”
Last month Ras dropped another line about his thoughts on the potential for the digital asset.
“We’ve never wanted to be only another crypto exchange on the block! Indeed our goal from the day first was to create a new financial ecosystem that people can easily trade different assets and spend them in real-time. We’re getting there.
Blockchain is changing our world. XRPL”
CoinField is one of a handful of exchanges that uses XRP as a base pair instead of Bitcoin. It now has more than 30 coins and a number of fiat currencies paired directly with XRP.
The company says it will fully unveil the project at Malta A.I. and Blockchain Summit on November 8th.