Bitrue Co-founder: “XRP’s role in solving problems with cross-border payments is a perfect use case that will drive growth”

Cryptocurrency exchange Bitrue set impressive results by putting Ripple at the center of its trading platform, Ripple official website writes.

As reported, Singapore-based exchange is confident that with the growth of XRP by individuals and business can increase its platform users’ number.

Co-founder and CEO of Bitrue, Curis Wang noted that a blockchain project needs to be “practical and scalable” to have success. He emphasized the role of XRP in resolving issues regarding international payments and its “perfect use case that will drive growth”, adding that this was the main reason why Bitrue has made a decision to make XRP the central asset of its platform.

Curis Wang shared an opinion that he was confident in Bitrue becoming a larger international payments ecosystem by focusing on XRP. He mentioned: “It wasn’t a typical strategy for a digital assets exchange and I had to work hard to convince our team that it was the right idea. Persuading customers to use our platform was an even tougher challenge.”

Wang noted that they released crypto-backed loans, which give the users an option to use their XRP as collateral to borrow other cryptocurrencies such as Bitcoin, Ethereum, Tether.

 

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