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

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Apple
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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

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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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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