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China could possibly enjoy Ripple Xcurrent this year

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Ripple seems to be on a winning streak lately, this time, with the audacious intention of opening to Chinese markets. The company is already negotiating with local banks entities, regulators and payment providers about launching its most recent product, Xcurrent.

The leaders of the company seem pretty confident about the potential embracement they can witness in China, therefore, they’re only waiting for the definite yes to start their operations in the country.

Some other breakthroughs to come this year

The regulatory figure of the company for the Asia Pacific, Sagar Sarbhai, stated that still there are lots of breakthroughs to come this year regarding the Chinese partnership; and that in order to settle in the market they are planning some differentiating actions and educational activities for the citizens to learn about the coin and its benefits.

In the same way, the representative of Ripple in Asia said that due to some lack of clarity of information related to cryptocurrencies and Blockchain the process in the country had become slow, but they expect to overcome this issues very soon.

Some regulatory clarity is needed

Although the CEO of the company affirmed that the launch in China would be a total success, on the other hand, Sarbhai has stated that some regulatory clarity is needed in order to start operating. Regarding this, the company has been restlessly engaging itself with the financial entities in the country, explaining the benefits of Ripple, what they are envisioning and how it works.

Besides, Sagar Sarbhai stated that the company has already a group of clients in the oriental continent, including Thailand, India, and Japan; in fact, they have regular business meetings with most of the region’s countries, accomplishing at least a one per week bank approaching, he said.

An alliance that could help entering the Chinese market

Ripple has recently partnered with the money transfer company located in Hong Kong, LianLian; a company that through the collective work will be now able to process payments related to e-commerce and invoices of companies that use RippleNet.

This could represent a perfect opportunity for Ripple to enter the inbound payment market in the country, although the company didn’t have a presence in Mainland, China for the moment of the alliance.

Despite the difficulties, even Sarbhai has stated that he’s very enthusiastic about working with China, and as he thinks, this represents a substantial move on the strategy the company has established for the Asia Pacific Region.

However, it also represents a risk for the company as the country has recently imposed some regulations on transactions, and a potential financial war between the United States and China is always on the table.

Impact of trade sanctions

GTR reported recently that Fintech companies in America could be very vulnerable while transacting between two of the most important economies at the moment, the United States and China.

Nonetheless, Sarbhai stated regarding this that currently, this isn’t a discussed issue on the negotiation process with the banks and local entities; and as he sees it, Ripple will not represent a threat for any government if the regulator does not see any risk in the adoption of the software.

Ripple XRP is headed south

Ripple volatility has been an important issue lately, and even when the company is trying hard to make clients on a regular base, recently it has decided to go south, in consonance of what other cryptocurrencies are doing regarding the current crypto scenario.

Right at the start of the year, it was thought that cryptocurrencies were finally positioned; however, as later was shown, all the cryptocurrencies including Bitcoin suffered significant losses. This is attributed to the tariff war the US seems to have started, a fact that everyone around the world noticed and is worry about.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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 Pedro Szekely via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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