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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.

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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