We started this April suffering from a set of preconceptions about Ripple’s organization declarations. The weird thing is that we were not mistaken. Some huge corporations such as Banco Santander (huge global presence, considered to be the world’s best bank right now, if not exactly the largest) and OnePay FX cash announced partnerships with Ripple. But there’s every chance Apple made the most important announcement.
While the XRP token is a huge deal (world’s third largest by capitalization), it also conjures negative feelings from many individuals because of allegations of centralization, and because it’s not an open project like so many other cryptocurrencies but one sponsored by a private corporation that stands to profit from it.
Also, Ripple’s ability is to do international transactions through digital assets instead of the traditional fiat currencies is something that just startles a lot of people. On top of all that, Ripple has a lawsuit pending that could be terribly bad news for them.
Where Ripple has got an edge
But having said that all, one of Ripple’s main advantages is that it is an asset that can be used for internal transactions within companies. And when you deal with transnational corporations “internal” does not exclude “international” or “cross-borders”. That’s what is attracting companies like Santander or Wilderness Inc. Ripple’s xCurrent or xRapid platforms can be integrated into each company’s ecosystem, so installment arrangements become possible at high speeds, low cost, and great safety.
Apple is known as an industry leader and a standard creator. And they just may be about to make their choice when it comes to cryptocurrencies. Apple’s hallmark is to make very sophisticated pieces of tech easy to use by an improved and reliable user interface. So could Apple’s experience in that regard make at least one cryptocurrency really easy to use and popular?
Well, it could indeed. That’s why the announcement that Apple will adopt Ripple for installment record and administration could be incredibly relevant for both Apple and the crypto industry.
While Apple is adopting Ripple’s technology and not Ripple’s XRP coin (those two things remain different entities that should not be confused), it turns the coin’s adoption into an actual possibility for the future. The sheer amount of clients Apple has all over the world means that adopting the XRP token would dramatically change the way the company manages cash, and it would increase Ripple’s credibility.
This is a great development for Ripple, especially now that Stellar threatens to become serious competition soon. Ripple is expected to reach a $10.00.price on the foreseeable future but it’s currently at $0.69, so there is still a long way to go. But this is the kind of announcement that could make it happen.
Ripple and Apple will be updating the crypto and the tech community with further details about their association, and you can expect Ripple’s XRP price to change (it will skyrocket) as that happens. It could just go through the roof. But you shouldn’t go in unless you’ve done some serious homework before you choose to invest in it. Keep in mind: so far it’s all about Ripple for Apple (which means Ripple’s platform and apps) not about its coin.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
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 been…