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

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Revolut

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 Bitcoin bank.

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.

Image courtesy of vgallova via Flickr

Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

Continue Reading

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