Ripple XRP Podcast with Catherine Coley Binance US on Pain Points of Bitcoin UsageMay 9, 2020
Blockstars, the Ripple Produced podcast that features, the basics of the technology, the current landscape, the real-world problems being solved.
David Schwartz, Ripple CEO, and XRP Co-founder hosts the Blockstars Podcast. He recently joined Catherine Coley, CEO Binance US in a Blockstars Podcast.
What is Binance US, and What do you do there? We are a platform that can be accessible. We are an app on the phone, on the web, or even API where users can log in directly.
We buy trade and earn digital assets, including Bitcoin and XRP. About 30 different cryptocurrencies are available to trade. What we are really building is something that can be an interactive experience between Americans and the Digital Assets Economies that exist.
So, as we see projects for new tokens to be launched. We evaluate the digital assets in a risk assessment framework based on our community feedback and market demand as well. And, then we list it.
We provide different ways to access this, whether it is instantly buying it or trading in a market with limit orders and market orders or earning it, getting it through rewards, staking, or referral bonuses.
Our mission is to bring financial confidence and cryptocurrency to more Americans every day.
Ripple XRP David Schwartz on America Being Slow Not Crypto-Friendly
David Schwartz reinstated that America is very slow in crypto and not very friendly to the crypto industry. He questioned Catherine Coley about what she thinks is the current landscape and implications for crypto in the US.
Catherine Coley stated, One of the reasons why have seen such a better global adoption was the pain points that the Bitcoin, XRP, and Ethereum resolved made feel so much greater outside the United States.
So when you are creating something that is more universally adopted, that is a pain point for individuals.
When going from Alabama to Nevada to Washington to New York, you can keep some dollars in your pocket and not change any currency. She implied when it is the case with traveling to Singapore, Malaysia, and Hong Kong, and that means you have to deal with four different fiat currencies.
If we would have different state currencies, there will be an immediate reaction to Bitcoin and digital assets will be useful. And, the definition of that is difficult because the United States does not have that, and they do have instant payments through ACH, and they do have pretty robust US-based banking infrastructure.