Connect with us

Blogs

What is the ‘driving force’ of Ripple (XRP) community?

Published

on

Ripple

The stronghold of major cryptos in the market today is the community that supports it and not the developers. A cryptocurrency community determines how far a crypto will go. The community is usually established by firmly devoted people, perhaps because their money and investments are on it.

Ripple community is such a community that is zealous and ardent in which they hope to see the cryptocurrency achieve great strides. On the other hand, Ripple XRP is a cryptocurrency that is growing, and it is a transactional protocol designed on a distributed ledger network, which needs its users to take part in authorizing transactions than any particular centralized authority.

Ripple’s primary currency is XRP, and this cryptocurrency is a service that aims to give solutions to real-life problems such as blockchain solutions. Even though Ripple is a centralized platform that gives answers to issues such as daily transactions and other real-life actions, the driving force of Ripple community is the XRP, and not xCurrent, xRapid, or xVia.

The list of benefits of Ripple is massive, and lately, the platform expressed its passion for changing foreign payments experience for Small and Medium-scale Enterprises (SMEs). During the Money 20/20 meeting in Europe, Colin O’Flaherty, Global Commercial Services’ General Manager in the UK and VP of American Express in Russia stated:

“Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds and that provides a real opportunity to alleviate most of the issues our customers are facing.”

Subsequently, Ripple’s technology has been adopted by Amazon’s marketplace and Apple store. Even with all the services it renders, it is eminent that what makes Ripple community progressing and ticking is due to the idea that SMEs are adopting XRP and solving real-life problems that people are facing when it comes to daily transactions. Besides that, the community hopes that XRP will become a global payment solution in the future. XRP is really valuable, and this is what drives Ripple community today.

The Prospects of XRP

Right now, most cryptocurrencies are in the red, and XRP is not an exception either. However, with that in mind, Ripple community does not only see the current trends in the crypto-sphere today.

It is important to note that most XRP holders anticipate essential XRP projects that are in-line for the next few months. Let the future be future for now, the acceptance of the protocol as the primary token for cross-border payments by Western Union, Money Gram, and Santander launch of mobile XRP is sure to make the cryptocurrency boom in the near future.

Other projects like the implementation of cobalt protocol (an algorithm that enhances transaction speed), a partnership with Hyperledger (which will help to accelerate the development of blockchain application), and with Santander bank will help Ripple to edge out other cryptocurrencies in the market.

With all these projects at hand, Ripple community is inevitable that there will be an improvement in the current situation of the cryptocurrency which may lead to XRP being listed on major exchanges soon. But nothing is certain in cryptosphere, so we’ll have to wait and see. And yes, until the SEC doesn’t give clearance to Ripple, the company’s praise will stay affected as a whole.

For the latest cryptocurrency news, join our Telegram!

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 Pixabay.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release