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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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Top 3 Coins to Buy Before They Go Big

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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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