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Another milestone got crossed as BitBay adds Ripple [XRP] to its list
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
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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