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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

Altcoins

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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