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Another Win for Ripple (XRP): Ripple Tested by Direct Currencies

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Ripple (XRP) has been hitting the internet headlines for more than several months now. XRP and the foundation behind Ripple are being introduced to new companies and diverse partnerships while being tested by numerous banks and financial institutions, as well as by providers of payment services. That is how the third-best crypto has had another win with being tested by Direct Currencies, once again showing extraordinary results when it comes to improving the commonly used payment systems.

British Direct Currencies Have Tested Ripple

Before Direct Currencies went on with testing Ripple’s system for transactions on their own system for providing payment services, Ripple has been successfully tested by Western Union, Santander Bank and many more banks and financial services around the globe, including the Arab Emirates and China.

During the various testing on the behalf of the mentioned banks and financial institutions, Ripple’s xCurrent and xVia have shown to be much faster, simpler and far easier to use than the traditionally adopted way of sending and receiving global payment.

With these tests, Ripple and the foundation behind Ripple have managed to penetrate into the phase of mass global adoption of their technology, which although not quite decentralized like blockchain ecosystems, can provide an extraordinarily fast and secure way of sending and receiving payments around the globe.

Besides from making up for an economical way of sending payments with far lower fees for each transaction, instead of taking several days for the transaction to be completed, which required additional resources that also cost money, with Ripple, payments are being processed within the matter of seconds, which was shown to be true more than several times during live and private tests that were being conducted with Ripple’s technology.

That is how Direct Currencies, which is a UK-based company that offers payment services, decided that their business would certainly use Ripple as a neat addition to their existing system for making payments across the globe.

After the testing of Ripple’s technology was over with, the team behind Direct Currencies stated that the testing turned out to be more than successful, which they expected due to the previous reviews provided by other banks and financial institutions that went ahead with using Ripple technology for their payment systems.

It is important to stress out that the Ripple Foundation didn’t participate in this testing and that the Direct Currencies have tested Ripple without any previous agreement with the foundation behind XRP.

The team behind this UK-based company has given their official review on Ripple, stating that they managed to come to a conclusion after a series of several tests, that Ripple’s technology makes up for a resounding success.

The team has added that they are planning their next steps towards adopting Ripple’s technology as they have deducted after the successful testing of Ripple, that this technology is a “game changer”, making faster, more economical and safer payments in oppose to the traditional way of sending and receiving money.

It is needless to say that Ripple made it again, possibly heading towards the title of being the most adopted coin in the area of finances and global transactions.

How is Ripple doing at the Current Moment?

After having two days for rebounding as the market has adopted a rather bullish trend where the majority of cryptos went on with trading in the green for the past 48 hours, we can see XRP alongside with other currencies as it is dropping against the dollar while treading in the red.

After the latest change in the market, XRP can be seen dropping against the dollar by -1.94% while trading in the red.

However, we can see XRP trading up against BTC for a “puny” 0.02%, which indicates that XRP is currently doing better when compared to BTC.

Following the latest change in the market, XRP can be traded at the price of 0.59$ per one unit.

XRP has set its record price back at the beginning of January 2018, when this asset set its own record value of over 3$ per one unit.

Although successful in the field of mass adoption for financial and banking services around the globe, XRP is not taking that success in the market as the latest market trends seem to be sluggish while constantly being brought back to trading in the red.

However, there still might be a great chance that XRP might make it to its all-time high of 3$ and above in the following months.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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

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Altcoins

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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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