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4 Possible Reasons Alibaba’s New Mobile App Is Being Powered by xCurrent or XRP

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Back in late June, Alibaba’s payment arm of Ant Financial launched a blockchain based electronic wallet that enabled payments between Hong Kong and the Philippines. In the maiden transaction that Jack Ma was a part of, the transaction made by Ms. Mary Grace to the Philippines was completed in a matter of seconds. One report indicated that the time period taken for the transaction to complete was just 3 seconds.

This then brings us to the first reason the Mobile App is actually being powered by xCurrent or XRP. Comparing the 3-second speed of the transaction to that of XRP (3.3 Seconds on average), we see a vast similarity. The XRP ledger is the only ledger known to date, that can complete transactions at that speed. Also, the Santander App also showcased such speeds in early June. The app is being powered by Ripple’s xCurrent.

A second reason why the Ant Financial app could be powered by XRP is the link Justin Sun has with both Ripple and Jack Ma. Before starting the Tron Project, Justin was the Chief Representative and Adviser of Ripple Labs in the Greater China area. Justin is also the mentee of Jack Ma. Justin is also the first Millennial graduate at Jack Ma’s Hupan University. There is a lot of possibilities with these links of Justin to both Ripple and Jack Ma: founder of Alibaba.

Thirdly, WeChat Pay and AliPay run on dLocal which is a cross-border payment service that is powered by Ripple. The same AliPay, but in Hong Kong, facilitated the payment from Ms. Mary Grace’s phone through its app that sent money to a GCash wallet in the Philippines. Therefore, connecting the dots, the AliPayHK mobile app possibly used Ripple based software – xCurrent – to power the transaction.

The fourth reason as to why the AliPayHK payment app possibly used Ripple tech, is the speed at which they came up with the service. Taking into account that Ripple Labs have spent over 6 years perfecting its Ripple ledger, AliPay could not have come up with similar blockchain technology in less than a year. Knowing how business deals are done in corporations, rather than reinventing the wheel, AliPay probably signed a partnership with Ripple that probably included a Non-Disclosure Agreement.

In conclusion, the AliPayHK payment app that facilitated Ms. Mary Grace’s transaction was too quick for it not to be powered by Ripple or XRP. The speed and ease of the transaction point towards a Ripple powered platform.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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