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Bitcoin Cash (BCH) and Ripple (XRP) Headed to Expansion with Revolut

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Bitcoin Cash and Ripple have been added to the service offer of one of the fastest growing companies in Europe, Revolut. Revolut started out nearly three years ago as a startup company set to offer a different type of banking services, that way representing an independent banking company.

Now that Bitcoin Cash and Ripple, fourth and third-best currencies are being sponsored by Revolut, we are interested in finding out whether this occasion can affect the expansion of BCH and XRP, which is probably the next goal set for all major cryptocurrencies and digital assets.

Revoult Decides to Add Bitcoin Cash and Ripple

Revolut started off as a small startup company with a plan to become an independent banking service firm offering simple but much-needed payment methods on a global level. They started out under the name Revolut nearly three years ago in 2015 and were soon able to reach proportions of a massive company.

In addition to becoming a banking service company, Revolut is also proud to have been proclaimed as the fastest growing company in Europe, with massive odds of having a global expansion, which would naturally be the next step for Revolut.

In that spirit, Revolut is having funding rounds, with their last successful funding round bringing them 250 million dollars in revenue. With the latest addition of 250 million dollars, Revolut now has 1.7 billion dollars in market cap, supporting its status as the fastest growing company in Europe.

Since they have had a successful funding round, Revolut is planning on having two different funding rounds, one set in South America and another in Asia, which in every way shows the progress of Revoult towards expansion.

But, where do we find Bitcoin Cash and Ripple expanding in this case scenario?

Revolut is said to be the fastest growing company in financial tech industry, which means that they are planning on further expanding. Revolut offers different banking services which include peer-to-peer payments, global and international transactions, exchanging and purchasing cryptocurrencies, personal loans, remittance and exchanging of fiat currencies.

The company’s service that promotes crypto-powered transactions is called Revolut Crypto and until recently this service has added Litecoin, Bitcoin, and Ethereum to its service options.

As of the most recent events and the announcement that came yesterday, as stated by Revolut, Bitcoin Cash and Ripple have been added to the existing team of crypto Revolut Crypto is offering.

The head of the company announced that they wanted to celebrate the fact that they managed to collect 250 million dollars with the funding round, so they decided to add two more currencies, BCH and XRP, to their existing list of digital assets.

Revolut is planning on launching its services by the end of 2018, that way expanding their market to Singapore, the US, New Zealand, Australia, Hong Kong and Canada.

Since Revolut Crypto will also be among these services, it is expected that the assets supported by Revolut will go through expansion themselves, which means that Ripple and Bitcoin Cash are definitely in for global expansion, which is considered to be a new objective of all major digital assets, especially now that cryptocurrencies are being better understood.

How is Bitcoin Cash doing at the Current Moment?

As the fourth-best currency according to the global coin ranking list, Bitcoin Cash is doing an amazing job while it is being recovered from the latest selloff that hit the market a couple of days ago as many holders probably wanted to earn some profit from the most recent rebound.

Following the latest change in the market, BCH is going up against the dollar with a rise of 3.78% in oppose to this fiat value.

However, although BCH is rising against the dollar, this currency is going down against Bitcoin but only trading in the red with a slight drop of -0.68%.

That being said Bitcoin Cash can be exchanged for 1385.65$ per one unit.

How is Ripple doing at the Current Moment?

Ripple, although struggling to reach the value of 1$, is still without question the third-best currency due to its market cap. Although Ripple is already used to being applied in different banking systems thanks to Ripple’s own xCurrent, being added by Revolut is surely contributing to the expansion of XRP.

After the most recent change in the market, Ripple has gone up to nearly 5% against the dollar, while it is trading in the red.

In addition to this most recent rise, XRP is also trading up in oppose to BTC, while going up for a slight rise of 0.42% against Bitcoin.

At this moment, one unit of Ripple can be bought at the price of 0.84$ per one unit, which means that XRP is pretty close to acquiring the anticipated 1$ value in case this digital asset continues with the current pace of growth.

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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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Altcoins

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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Hodium
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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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