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Another milestone got crossed as BitBay adds Ripple [XRP] to its list

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Ripple [XRP] is at the same time a Cryptocurrency and an open payment platform where that currency in specific is transferred; it has gotten apart from the rest of the digital currencies because of its singularity and uniqueness on transactions.

The primary purpose of XRP is to change the paradigm of the regular banks where money cannot be moved in a free form. David Schwartz himself (Creator of the cryptocurrency Ripple) said:

“Payment systems today are where the email was in the early ’80s. Every provider built their own system for their customers and if people used different systems they couldn’t easily interact with each other. Ripple is designed to connect different payment systems together.”

This is actually one of the reasons why Ripple is gaining ground considerably among the crypto environment and financial systems; it is so simple that lots of companies want to work with it. At the moment, Ripple is being supported by more than a 100 global banks and financial institutions who choose the platform as an exceedingly efficient payment mode.

American Express is one of the huge companies that are now supporting Ripple by using its platform, and as it wasn’t big enough, now one of the most important Polish cryptocurrencies exchange is adding its support to Ripple [XRP].

The company is no else than BitBay, which recently decided to add XRP and BTC to its list. In the same way, BitBay also added another digital coin but this time one that is not so well-rated, the currency is named Infinity Economics Token [XIN], and even though that is known in the market it is ranked so much lower than XRP or BTC.

BitBay represents a great alternative to the Polish market since it provides a solution for trading securely, especially while buying or selling BTC or LTC, digital coins with a high demand these days. The CEO of the company, Sylwester Suszek, has considerable expertise in the field of finances and has co-created at least two other related-enterprises.

BitBay platforms have had several changes throughout the years; its second version, launched in 2015 had an incredible boost improving the interface and adding some exciting tools to make better the experience of professional trading.

That year they had added Ethereum and Lisk as well, right after the initiative of expanding their team from 14 to 31 members. Nonetheless, the ambitiousness hadn’t stopped by then, and after the last accomplishment, they decided to open an office in Amsterdam, the first international office of their own, which led them to develop their third platform and increase their staff even more – from 31 to a total of 70 collaborators.

An increasing value of Ripple [XRP]

In the last 24 hours, Ripple has gained a surprising increasing digit of 19.56 percent on its value, which gives currently to the company a net worth of $0.692642.

This value represents a fantastic accomplishment, but even so, it can not be forgotten that the market has been very volatile lately, passing from prices above 7000% to decreasing significantly.

Still, any cryptocurrency tends to increase their value with the time, the major problem is people not knowing enough the market and get desperate once the value decreases, which leads them to selling-off the money saved.

But as a twitter member wrote: “If you have bought #XRP just let them sit and check it if you feel the need but HODL until 2020 and stop worrying. Just enjoy life at the moment”.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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.

Image courtesy of Shemsu.Hor via Flickr

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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Altcoins

Top 3 Coins to Buy Before They Go Big

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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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