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Apple’s partnership with Ripple could send it through the roof

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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.

Image courtesy of Matcuz via Pixabay

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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