Apple Inc. (NASDAQ:AAPL) Integrates Ripple (XRP) Interledger Technology
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Apple Inc. (NASDAQ:AAPL) Integrates Ripple (XRP) Interledger Technology

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Apple

Apple may not live on the bleeding edge of emerging technology, but they are known for introducing it to the mainstream. Their integration of near field communication (NFC) into the iPhone series allowed them to bring Apple Pay to life. While several competitors now exist, Apple Pay was undeniably the first major mobile phone payment service. In the time since the technology struggled to gain market traction. Disparate payment systems, coupled with a lack of merchant incentive, prevent wide-scale adoption. Apple’s recent update to the Apple Pay system introduces the Payment Request API – and more noteworthy, Ripple’s Interledger Protocol.

While a footnote for Apple, this is major news for the Ripple payment protocol. A huge market share of the mainstream public uses Apple products, and now by default Ripple. If the new Payment Request API gains traction, Ripple could become the first cryptocurrency in widespread use. This depends on the continuing simplification of the payment process. There is a high barrier to entry to the cryptocurrency sphere at the moment, and even then the learning curve is sharp. Users still need a high level of technological literacy, something that Apple may be able to help mitigate.

What is the Interledger Protocol?

Everyone is all too familiar with the traditional banking transfer process. Created in-house, banking networks rarely communicate well with other institutions. Payment processing agencies, including credit cards, don’t benefit from allowing merchants to easily use other options. This creates an environment where transfers can take days. In the case of international transfers, it can be even longer – with a large amount of potential fraud.

Ripple’s Interledger Protocol introduces a solution this problem. Interledger creates a network of different blockchain protocols and traditional digital ledgers. Each ledger that wants to gain access to the Interledger network must create an end-point that uses common Interledger addresses. This effectively creates a network of networks, integrating all of the disparate networks into a single protocol. So long as the origin sending institution can easily communicate with their own Interledger module, sending payments to the network is simple. Similarly, the end-point module only needs to communicate with two locations; the institution itself, and the Interledger protocol.

Ripple on the Move

This is only one of many triumphs accomplished by Ripple so far this year. Major bank Santander recently announced that they would be using Ripple’s xCurrent payment service. Their mobile app will be the first international transfer service that uses Ripple’s payment protocol. This is alongside the shocking donation of $29 million USD worth of XRP to DonorsChoose.org. Ripple completely funded every project on the charity site, an action announced later on Stephen Colbert’s late night show.

While Ripple suffered in the wake of the market correction alongside all other coins, they’ve remained relatively stable in the short term. Their focus on gaining real-world partnerships with major financial institutions is paying off. Unlike many blockchain projects, Ripple boasts an entire suite of functional products. When we reenter a bull market, Ripple is primed to lead the charge.

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 Mike Deerkoski via Flickr

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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