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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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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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