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

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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.

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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.

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Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin

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UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange.  This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to…

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How Online Casinos Can Adapt to the Growth of Cryptocurrency

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The growth of cryptocurrency is difficult to ignore and industries are having to adapt in order to facilitate all of the people who want to buy goods and services with crypto coins. Multiple coins are on the rise, helping cryptocurrency’s star rise. Bitcoin’s price is back above $4,000 and it is joined by other coins like Ethereum, which makes use of the Ether blockchain.

But accepting cryptocurrency – or appealing to crypto users – isn’t as easy as just tailoring your marketing strategy. Other steps need to be taken and we’ve detailed a handful of these below.

Increased Safety and Security Measures

Online casinos are already very good at ensuring that customers and their data (including personal information and payment details) are kept secure. Some of the existing online safety measures employed by online casinos include HTTPS and SSL, which means that any information passed between you and the online casino will be encrypted and difficult for malicious agents to gain access to. Leading casinos are also certified by…

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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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