eToro CEO is very interested in partnering up with Ripple

16 Feb, 2019
by Joeri Cant
eToro CEO is very interested in partnering up with Ripple

Yoni Assia, the CEO of eToro, one of the leading social trading and investing platforms in the industry, expressed his interest in partnering up with Ripple Labs.

eToro is a social trading and investing platform that allows investors to invest and trade in cryptocurrencies, stocks, currencies, ETFs, and commodities. The platform added the third largest cryptocurrency on its platform back in December 2018, and is one of the largest trading platforms on XRP.

Read more: Binance CZ: Want to add Ripple's xRapid as partner in the future

The CEO of eToro had an interview that took place at the Paris Fintech Forum earlier this year, where he talked about blockchain and how it is going to disrupt the financial services and especially asset management services.

In the 4-minute long video, Assia points to the fact that it is very difficult to move assets and shares out of the bank and all over the globe, but with the tokenization of assets, the entire wealth management would be transformed as it would allow the assets to move from one company to another and then sell them seamlessly and in real time.

'By definition', he says. 'You can not tell your bank, you know what, give me my Apple shares. It is just not transferable to you.'

'The biggest difference in tokenized assets, is that you are able to transfer them to your own potential wallet.'

In regards to a possible partnership with Ripple, he said:

'We are one of the largest trading platforms for XRP, so we are very interested in forming a relationship with Ripple Labs and understanding what can we do together.'

Take a look at the entire video below:

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Read more about: Ripple (XRP) eToro


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