Recently, CTO and Co-founder of CoinField and Sologenic, Reza Bashash, appeared in an interview conducted by On The Chain podcast hosts, Jeff and Chip. During the interview, Bashash talked about his experience running the CoinField exchange and their future plans for Sologenic, a platform that aims to merge traditional financial markets with cryptocurrency markets on the XRP Ledger.
Bashash mentioned that they had been in touch with Ripple from the start, due to XRP being one of the base-pairs on the CoinField exchange. However, they only became closer with their tech team once they had begun work on their XRP validator, which was later added to Ripple’s UNL list.
When asked about the decision to build Sologenic on the XRP Ledger, the CoinField CTO said that it was because they had a personal liking for it, stating that the general public probably doesn’t know that the XRP Ledger is a blockchain that can be built on.
“Everybody thinks of XRP as just the coin. When we launched Sologenic, people were asking me questions about how it will benefit XRP. We’re here to use the tools to build on the XRP Ledger.”
Bashash also talked about the need to integrate with existing financial systems, such as Visa and Mastercard, while using cryptocurrencies,
“I’m pretty sure in the future this will happen, but for the time being, if you’re looking for a really quick solution to use your crypto, then you have to be able to integrate that with this existing financial system infrastructure that’s been built over the last forty to fifty years.”
In the interview, the Sologenic Co-founder revealed that they have a partner who provides them with banking services,