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4 strategic alliances that can shoot Ripple (XRP) to the moon

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Ripple XRP
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Without any doubt, one of the most robust tokens in the crypto sphere right now is Ripple (XRP). At the moment of writing, Ripple is positioned at the third place in the market charts, coinmarketcap establishes the price of the coin at 0.59654 against the US dollar, with a volume of $308,576,000, and a decrease of 3.8% in value over the last 24 hours.

The token has managed to step solidly in the industry; thanks to the development of several partnerships that have granted the company with great popularity in the financial sector.

In this matter, Ripple has recently tested its platform RippleNet, showing remarkable results in the aspects of transaction speed, scalability, and cost reductions. The act was accompanied by essential corporations of the finance industry such as MUFG Bank, Ltd. (MUFG Bank), Mitsubishi Corporation (MC), Standard Chartered Bank (Standard Chartered), and Bank of Ayudhya PCL (Krungsri).

Each of the companies mentioned above announced on its webpage pointing the test and efficiency of the platform, a fact that very possibly will create a positive impact for the token in the near future. Let’s see how these endorsements can benefit the third largest coin in the industry:

MUFG Bank

The financial institution is an elite banking organization based in Japan, and with a presence in more than 50 countries across the globe. The company offers a considerable extension of product and services for businesses on a global scale.

MUFG bank is related to the Mitsubishi UFJ Financial Group, Inc. (MUFG), an organization with headquarters in Japan, and around 2000 locations in the world. It possesses at least 150,000 members and provides services related to the banking such as asset management, credit cards, securities, and leasing.

Krungsri

Krungsri is also a Mitsubishi UFJ Financial Group’s (MUFG) member, the largest financial organization in Japan. It has a 74-year trajectory and is currently among the top 5 organizations related to finance in Thailand. Krungsri offers as well banking-related services through 700 branches and at least 35,000 service points at a national scale. The firm Is the biggest card issuer of Thailand and the main supporter of Fintech projects in the region.

Mitsubishi Corporation (MC)

Mitsubishi Corporation was established back on July 1, 1954. As the company describes itself on its website, they are “engaged in a wide variety of activities on a global scale.” The company creates and market a broad repertory of products “including energy, metals, machinery, chemicals and living essentials”.

The same way, they are involved with different activities in the industry such as natural resources and infrastructure investment.

Standard Chartered

The Standard Chartered Bank is one of the biggest of the banking services with a 150 years trajectory in the industry. The company regularly moves in more than sixty markets of the sector, possessing at least one thousand branches and more than three thousand ATMs. Besides, the company is listed in different exchanges among we can name exchanges from Bombay, Hong Kong, and London.

The result of these relationships

In the frame of a recent test of RippleNet, alliances of these kinds represent a considerable possibility for the token to hit heights never seen before. And of course, these four are not the only partnerships that Ripple managed to make recently; these are just a few of the most important ones that can turn the things around for the coin quickly. However, more, such as the National Bank of Kuwait is already on Ripple’s boat too.

So, as the payment platform Ripple is developing gets added to these organizations to improve cross-border transactions at full, it, at the same time, will broaden the chances of Ripple relations with the fiat world, a fact that undoubtedly can change the future of the coin dramatically (in a positive way).

With these enormous successes, massives partnerships, we can even expect the Ripple (XRP) to take over Mastercard and Visa. Or perhaps, we could see Amazon teaming up with the Ripple for cross-borders payment soon? You never know.

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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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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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