Wrapped Bitcoin is a new innovative token which aims to bridge the gap between both the Ethereum and Bitcoin blockchains. Working as a joint venture between BitGo, Kyber Network and Republic Protocol Wrapped Bitcoin was launched on the 26th October 2018.

The new Bitcoin ERC20 token will bridge the worlds of the two leading crypto assets in the idea that it will basically allow Bitcoin to be traded against other assets on Ethereum-based decentralised exchanges, bringing liquidity from Bitcoin to Ethereum and allow for a whole new suite of Ethereum enabled Bitcoin applications.

As stated by

CryptoGlobe

:

In a recent interview the CEO and co-founder of Kyber Network, Loi Luu discussed the project its origins and what its potential impact on the crypto economy is.

One of the first questions Luu was asked was if Kyber and Republic are sourcing all the initial Bitcoin liquidity for launch and if he has an estimate for the amount of Wrapped Bitcoin issued at launch:

After being asked where the highest demand for Wrapped Bitcoin will be after the launch Loi Luu said:

Last but not least, Luu was asked if he thinks this will increase the value proposition for Ethereum and Bitcoin:

What are your thoughts? Let us know what you think down below in the comments!