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

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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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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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