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4 Reasons to Stick With Ripple in 2018

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Ever since XRP first went live, this cryptocurrency has only had two big problems. One is the bad application of decentralization, and the other is its parent company’s influence over it.

When it comes to the first issue, it is important to realize that cryptos work through an agreement between their users. The agreement between participants is what keeps the blockchain secure. Users agree on the amount that goes between their wallets. This goes for cryptos like Bitcoin (BTC), as well as for those like XRP.

However, when it comes to decentralization, XRP is largely influenced by Ripple, its parent company. Usually, if the parent company were to go under for whatever reason, its crypto could survive thanks to its users and the agreement between them. When it comes to Ripple (XRP), however, it turns out that Ripple (the company) holds almost 55 billion tokens which are locked into escrow for the next 4 years.

XRP is decentralized, Ripple is not.

Not only does Ripple own a large amount of XRP, but it also has a big influence on its use. Anyone who owns a certain amount in some cryptocurrency can do whatever they want with it. They can open a global money transfer firm, or use the crypto for business payments.

However, when it comes to XRP, Ripple has always been the one who decides its future, and even chooses the industries that this crypto can touch. So far, banks and large money wiring services like Western Union and MoneyGram were the ones that Ripple wanted to work with. This has caused many people to ask Ripple to start more partnerships in the area of digital commerce.

It’s not all so bad

This attitude might not be the worst thing for this crypto, however. Despite the fact that Ripple acts like quite a dictator when it comes to XRP, this relationship is also one of the cryptocurrency’s biggest advantages. After all, Ripple was responsible for the XRP’s use within some of the biggest companies around the world. Without the company’s influence, all of these firms probably wouldn’t even bother with XRP.

Despite being the biggest name in the crypto world, Bitcoin did not manage to do as well for itself as XRP has, at least when it comes to infiltrating large companies. Through Ripple’s connections to large firms and banks, XRP managed to bet the backing of the Central Bank of Saudi Arabia, Japan’s SBI, and even a connection to Walmart. This is one of the best ways of getting stabilized and ensuring that the growth and adoption become certainties.

This position and some excellent marketing decisions have allowed Ripple to take the next step. This began with a $29 million donation on donorschoose.org, which Ripple donated for public education projects. Then, there was a $25 million investment in Blockchain Capital, which is dedicated to speeding up crypto and blockchain startups. Through these decisions, both the company and its cryptocurrency attracted attention, but also helped to influence the world through the use of XRP.

XRP instead of BTC

Bitcoin’s name, status, and influence over the years will make sure that this crypto will keep its top place on the market. Bitcoin itself has almost become a synonym for cryptos in most people’s minds. Even those who have no knowledge about cryptos, the blockchain, or any other aspect of the digital market have heard of Bitcoin, and they know that it is a digital currency.

Ripple (XRP), on the other hand, is not as well known and popular. However, instead of conquering the hearts of the many, Ripple went for specific partnerships on Wall Street and in the financial tech industry. It might not have its name known by nearly anyone with an Internet connection, but it sure did leave an impression where it matters.

Bitcoin has been surrounded by scandals, thefts, scams and alike for years now, which influenced its very nature. Despite its popularity, it is seen as chaotic crypto with no certainties. Large businesses which usually have a lot to lose if their deals end up ruined would never invite the anarchy that follows Bitcoin into their business practices.

Ripple, however, has shown a lot of stability, support from the parent company, and it is considered to be a classy digital currency that can hold its own. It acts and looks like a professional, which increases its chances of being accepted by a new company.

XRP’s superior use

The stock market and the crypto market can be very different at times, but there are several things that can be applied on both of them. They can be unpredictable, and there are only two ways of dealing with them – through sheer luck, or through a carefully thought out strategy. Neither of the two is a safe bet, however.

Because of that, investing in cryptos can be very risky. However, there is a trick to doing this, and the most important thing that an investor needs to evaluate is whether or not the currency in question can fill the needs of the real world. Many of them are promising great things, but only a few manage to find a foothold in the world, and even fewer than that can hope to be adopted in a space that would allow it to make a difference.

When it comes to Ripple (XRP) it definitely has what it takes. It has a potential to replace SWIFT, which the banks used for entire decades, at this point. It’s cheaper, faster, and more modern that SWIFT, which is what makes Ripple a very attractive alternative.

Ripple has already entered many partnerships, and some of them are a real mark of the desire for this crypto to be fully implemented. Banks are becoming more and more open to the adoption of this crypto, and this year has already managed to remove many concerns that they had regarding the currency.

There are no certainties when it comes to cryptos and their future. However, Ripple fills the modern world’s needs, and investing in it is as safe as working with cryptos can get.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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