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CEO CZ Invites XRP as Base Currency For Binance

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Changpeng Zhao (aka CZ), CEO at Binance has surprised and delighted crypto-exchange fans by inviting members of the XRP Community to offer their top pitches for why they think he ought to couple the digital asset with every other coin on the exchange.

CZ tweeted the invite on Sunday, showing his fun-loving side and how in-touch he is with the crypto-currency community.

This frisky tweet is in response to the XRP community’s endless calls to make their currency the standard. They constantly bombard CZ’s tweets with comments to this effect, so it’ll come as no surprise that he has decided to answer back at last, albeit rather tongue-in-cheek!

A Plethora of Memes

After tweeting, a plethora of memes were sent to CZ from the XRP community to try and convince him that this really was the best and only way forward in their eyes!

According to one follower, going by the name of Bank XRP, who responded to CZ’s tweet earlier today, there are four main reasons why:

  • Environmentally friendly
  • Reliable
  • Low Transaction Fees
  • Fast

CZ wowed and delighted his followers even further by also tweeting a LinkedIn link to his witty, step-by-step guide on exactly how to get your coin listed on Binance.com.

Tips include advising against trying to put pressure on Binance to list your coin and suggests that the best way to get your coin listed would be to work hard on your project and that keeping Binance updated will highly increase the chance of being listed.

As CEO of Binance.com, CZ also shows his followers that lack of greed also prevails – all listing fees paid to Binance.com will be donated to charity.

Having taken over Ethereum as the second largest cryptocurrency in the world, XRP investors suggest that Binance should couple all its cryptocurrencies with XRP. For those of you who may not be aware,  after overtaking Ethereum for the second time in one month, after a tense battle, XRP has now succeeded in achieving second place right behind Bitcoin!

This has all been largely aided by Ripple’s efforts to increase its customer base over the past few months. Further banks are joining the RippleNet where XRP is employed as a base currency using xRapid in cross-border funds transfers.

CIMB is Ripple’s most recent addition. Boasting its ranking as the fifth bank in ASEAN, CIMB Group enters RippleNet and implements Ripple’s tech. This will ensure that the bank provides its customers with instantaneous cross-border payments. Ripple reports that CIMB is among the first banks to leverage blockchain technology in an area where payments are notoriously inefficient and slow.

Also Rooting for XRP

The reasons why members of the XRP community are convinced that XRP should be the base on Binance is that it is now a base on the XRP United Exchange and also on the CoinField Exchange.

Weiss Ratings, which is among the largest rating companies, Tweeted back in August that they also agree that XRP should be the base.

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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 Pexels

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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