Connect with us

Featured news

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

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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

Bitcoin

Why Bitcoin Price Remains Stable Before the Expected Hike

Published

on

Bitcoin price
READ LATER - DOWNLOAD THIS POST AS PDF

The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.

The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.

Why this week’s closing price matters

Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.

If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…

Continue Reading

Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

Published

on

blockchain-focused ETFs
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

Continue Reading

Blogs

Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

Published

on

Jeff Bezos
READ LATER - DOWNLOAD THIS POST AS PDF

Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

Continue Reading

Elite