Connect with us

Don't Miss

Ripple CTO: XRP price needs to go high for the firm to target bigger payments

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

While they are two different entities, Ripple and XRP both have one thing in common. The two bodies are gifting customers with the option of choice while concurrently pushing for the validation and integration of Ripple’s three main products, xVia, xRapid, and xCurrent.

While some of the companies partnering with the companies are from third-party establishments (which Ripple refuses to advertise on their official social media platforms) the mention of XRP by these amalgamating companies is enough to send shivers in the crypto space. There is a strong relationship between Ripple payments and XRP prices, a recent statement of David Schwartz hints to that quite well.

Nexo, Coil, Xpring, and Omni

A majority of the integrating members are from Ripple’s product, Xpring, that was started as a Ripple initiative to support committed blockchain startups that intend to adopt XRP in their operations. The Xpring initiative makes sure Ripple has the key to advance, and they go extra miles to advocate for the adoption, incubation, purchase for these products.

After securing some 25 million US dollars funding from Ripple and other like-minded companies a few months ago, Chris Larsen and Stefan Thomas, the individuals advising Omni, advised the startup to go public on their integration of XRP.

One of the primary missions of Omni is to change the current perception that exists in the renting out sector, allowing users to rent out items they have but don’t need getting paid in XRP.

For Omni, operating using XRP is a new option that has been affected as an enhancement for the fiat option allowing users to enjoy a first-time crypto experience in their renting out activities.

Although not confirmed by the officials yet, Nexo, the cryptocurrency loan processor has integrated XRP as its fifth virtual currency to be allowed to act as collateral. An XRP button is already on the user interface although as state above, the company is yet to confirm these new happenings.

XRP (XRP) Sales Up

During the quarterly reports, blockchain settlement startup, Ripple, has indicated the significant improvement in XRP sales during the Quarter 3 period of 2018. Ripple released its default virtual currency’s, XRP, market report for the third quarter mid-last week where it shared the 120% growth that was recorded in comparison to the percentages that were met from the preceding quarters.

However, despite the increase in trade volumes, XRP fell slightly short of the corresponding XRP trade volumes from Quarter 1 2018.

During Quarter 3 of 2018, Ripple tactfully sold over $65 million worth of XRP assets which is said to account for just about 0.17% of the total XRP that exchanged hands during the quarter.

Moreover, still, on the quarter three figures, Ripple’s subsidiary, XRP II, LLC, is said to have sold over $95 million worth of XRP in direct institutional sales that helped the combined net sales that were experienced during the time to stand at about $165 million.

That is approximately about 120% higher than the corresponding figures that were recorded for Quarter 2 2018. The sales figures of XRP for Quarter 2 is believed to have stood at $73.53 million, so that figure is yet to match the third quarter sales figure of more than $165 million.

In the area of volatility, the Ripple report disclosed that:

“XRP volatility was light for the better part of the quarter, then surged in the last two weeks of the quarter as the prices also appreciated.”

XRP’s Year in Year Out Growth

Over the years, XRP sales amounts have continued to record upward growths as it has been the case this year except for a few occasional bumps.

In comparison to the $163 million worth of XRP that Ripple sold in Quarter 3 2018, Ripple sold a shadowy figure of about $19 million value of XRP in direct sales during the same time last year. An additional $32.6 million worth of XRP came from programmatic sales.

It is worth noting that the newest XRP market sales report did not feature or discuss the inclusion of new clients.

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 Flickr

Don't Miss

VOLUM (VLM) Announces Commencement of Token Generation Event

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

Continue Reading

Don't Miss

How to Secure Yourself in Relation to Bitcoin: Top VPN Services

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

Continue Reading

Don't Miss

Is it legal to gamble in Bitcoin casino?

Published

on

Bitcoin casino
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

Continue Reading

Elite