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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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