Connect with us

Blogs

CEO CZ Invites XRP as Base Currency For Binance

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Elite