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

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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.

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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

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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