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Users can now buy XRP via AtomicWallet with $20k maximum daily amount

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You probably already know that Ripple’s XRP cryptocurrency was never meant to be a retail currency. That’s to say that, for years, Ripple has not been interested in people like you and me being able to buy XRP tokens and use them to pay for goods and services or to store wealth. The point in the token is to be a mediating currency that would help, along with Ripple’s many platforms and services, to eliminate friction from international payments.

The times are changing. Ripple is still trying to make its token the world’s premiere mediating currency for banks, remittances, and financial institutions, and it’s slowly but surely succeeding.

It has more than 100 clients around the world that include some of the world’s biggest banks. Banco Santander, which is considered to be the world’s best bank currently, is already using Ripple’s technology to settle payments through an app for clients.

With Santander’s app, you never buy XRP directly, as an end user. But the payments you send to other users using the app are settled across borders by the system buying XRP, sending it across the globe, and then selling it for the fiat currency in which the other user must be paid.

That’s not to say that XRP has been unavailable to crypto enthusiasts. It has been. But it wasn’t straightforward to buy, and you usually couldn’t buy it directly (using a debit card in an exchange, for instance) but you had to exchange it for Bitcoins or some other of the cryptocurrencies that are considered base currencies in the world’s exchanges. That’s why today’s news is so relevant.

As of today, you can buy XRP using Atomic Wallet, paying directly with any valid Visa or Mastercard debit or credit card.

Atomic Wallet is a cryptocurrency wallet known for its versatility. It’s available for Windows, macOS, and three Linux distributions (Ubuntu, Debian, and Fedora). There’s also a mobile version for Android and iPhones.

The wallet uses its proprietary Atomic Swap technology, which is a decentralized technology that uses a cross-chain exchange to avoid third-party risks. It supports almost more than 300 cryptocurrencies, most of which are the ERC20 tokens developed on Ethereum. But it also supports many important coins that are outside the ERC20 environment such as Bitcoin, XRP, Tron, Bitcoin Cash, Monero, XLM, Cardano, and EOS just to name a few.

The buying procedure is relatively simple. All you need to do is to download the software into your computer or cell phone, choose the amount you’d like to buy (there’s a USD 20,000 daily cap), fill up the verification form, and then receive the tokens in your wallet address.

Atomic Wallet’s website claims the whole process is safe, quick and takes about 25 minutes, on average, from beginning to end. And you can do it from a mobile phone if that’s your fancy.

The credit card payment is processed by Simplex, which is certified in the EU as a card processing company.

So Ripple keeps getting more partnerships that make its token more available to crypto enthusiasts, and not just for Ripple’s institutional partners. This increases demand for the currency, trade volume, and that, in turn, increases value. This is one of the reasons why, as we write this, the coin is trading at USD 0.533, after it broke the $0.40 psychological barrier last week.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 Flickr

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Revealed: The Mental Skills Required to Be a Successful Trader

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The world of financial trading, be it investing in cryptocurrencies on the market or trading stocks, can be an unforgiving one. Only the very best are able to rise to the top and turn their trading regimen into a seven-figure income, meaning that total dedication to your craft is a prerequisite. Ask any successful trader, and they’ll tell you that having the right mindset is the key to success.

A clear mind with laser-sharp focus and serious endurance will be able to see the bigger picture, spot the most profitable trades, keep track of the market, reduce risk, and compete with the best of the Wall Street pros. In many ways, successful trading is a lot like being a successful poker player.

You need to be able to play the long game, make the most of your luck, and know exactly when to strike to become a high roller. All of these require a strong arsenal of mental skills. Here are the mental skills you need to build in order to become a successful trader.

Source: Pixabay 

Caption: Successful trading in the financial market requires mental strength, resilience, and endurance. 

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Why is Crypto Futures Trading So Easy Today?

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-One-on-one interview with CEO of BEX500

Bitcoin futures trading is the most efficient way to engage yourself in bitcoin market without having to acknowledge the ownership and storage responsibilities.

Some users say, crypto futures trading has never been easier with BEX500 exchange.

Can we trust BEX500 with our bitcoin? Today, we invited Anna Myshustina (Anna), CEO of BEX500 to dig more into that.

Q: hey, Anna, thank you for joining us. You were a successful trader in futures and options, what motivated your innovation in crypto industry?

Anna: My pleasure. I have been in derivatives for 8 years. As a trader, I found many crypto futures exchanges too complicated for beginners, but not efficient for the experienced.

So, we’d like to make a change. We are the first crypto exchange to introduce [ONE Account for Live & Demo]. You can login https://www.bex500.com and register for once and for all, and it will be for both live & demo trading.

While, traders in other competitors are still forced to login live and demo with 2 different accounts in 2 addresses for “live” and “testnet”.

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Cryptocurrency, Online Gambling, and Regulation: One of the Three Can’t Stay

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To say that cryptocurrency is disrupting the world of technology and finance is an understatement. Ever since they arrived on the scene in 2009, they’ve been geared toward forever changing the fintech landscape for good.

One of the main reasons the technology proved to be so revolutionary was blockchain — the backbone of most cryptocurrencies. Blockchain is the digital ledger that provides full transparency and immutability of data, all the while eschewing any kind of third-party authority meddling. These attributes can lend themselves quite handily in a whole series of industries.

But increasing regulation of cryptocurrency may lead to it no longer proving useful to particular niches. One of these endangered industries is online gambling, which could suffer tremendously from heavily regulated cryptos.

How Cryptocurrency Helps Online Gambling

Online gambling happens to be one of many that would (and does) benefit from integrating cryptocurrency. Gambling happens to be illegal in many countries, and the people there cannot access online gambling either, even though it specifically remains unaddressed by most legislation. They had no channels with which to finance casinos they wish to play in, seeing that banks or other financial services don’t want to interfere when there’s a chance of legal repercussions.

But cryptocurrency enabled casinos to accept players that had no alternative with which to engage…

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