The Ripple’s XRP token has been pretty much in the spotlight during the last couple of months because of a huge controversy regarding the veracity or not that the crypto is going to be classified as a security by the Securities and Exchange Commissions (SEC). However, as it was to be expected the company Ripple Labs struck back and came up with the deployment of a variety of strategies to give a crystal-clear declaration on the matter.
Like this, the first move was nothing less than the differentiation between Ripple the company, and the XRP token. Let’s recall that not so long ago the term “Ripple (XRP)” was largely used by the community for referring to the third largest crypto of the market, which, of course, is the main fact behind the misunderstanding and the tendency to link the achievement of products such as xCurrent or xVia to the crypto itself.
As a result of the differentiation, Ripple Labs has been working tirelessly to dispel the rumors and to show the cryptosphere all of what the crypto has under the sleeve to get to the top in a matter of a short time. Let’s see the latest updates of the Ripple’s coin, XRP, and all that can be expected in the near future!
Partnerships and endorsements
One of the biggest achievements of the recent days for the XRP token is definitely the addition of the coin to the platform Bitcoin Superstore, a website on which users can buy items in several retailers such as Amazon, eBay, and others with the use of cryptocurrencies.
The announcement came on August 5th in a tweet of the Bitcoin Superstore that reads:
In the same line, another outstanding alliance is the one that Ripple deployed with the wallet and exchange, Wirex, a relationship of which resulted in the addition of XRP as a support for a Visa prepaid credit card. The engagement has triggered an increase in the number of transactions and sign-ups of the token, which of course, respond to the possibility of paying using Ripple’s XRP now.
For its part, when it comes to endorsements, XRP has received a lot of attention lately from the most renowned institutions of the cryptosphere. We can count amongst them the approval that the independent rating firm, Weiss, made on Twitter about XRP with a message that read:
We think that the #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense for #Binance to use it as the base #currency – why should one have to go through an intermediary currency to trade? #crypto #btc #altcoins
— Weiss Crypto Ratings (@WeissCrypto) August 10, 2018
The same way, the Philippines based payment network Coins.ph is adding XRP to its platform for allowing its users to pay their bills using the XRP token. And Bittrex for its part announced that XRP would be added to their platform on August 10th in the company of Ethereum Classic (ETC) (so that’s done too).
Good things are coming for the XRP token. In fact, SBI Holding Chairman – Yoshitaka Kitao has foreseen that the price of the token will reach $9 by the end of the year, a fact that sounds a little difficult considering the present behavior of the coin (and whole crypto market). Would it be possible for Ripple’s XRP to reach the $9 mark? Only time will tell. Stay tuned!
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…