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Here Are 3 More Reasons For A Possible Ripple (XRP) and Apple Pay Partnership

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The Crypto-verse has been rife with speculation that the Ripple (XRP) company will one way or another, partner with Apple Inc sometime very soon. Such speculation has even fueled future price predictions of XRP going to the roof if this partnership were to materialize.

The reasons for the partnership rumors came to light once it was announced that Apple Pay was using Ripple’s interledger for a new payment API on the Apple payment platform. However, some Reddit users have since refuted this claim. One explanation from Reddit says that Apple is using an entirely different product by W3C (World Wide Web Consortium) to request payments with on their platform.

But let us entertain the possibility of a partnership and highlight a few reasons for it to happen.

To begin with, and a matter emphasized by President Donald Trump and the Late Matthew Melon, both Ripple and Apple are American companies. This makes them best suited to partner together in terms of dealing with intellectual property issues, legal issues and being American. Their partnership would further enhance President Trump’s mantra of MAGA (Make America Great Again).

Away from politics, and the second reason why we might see a partnership between the two American firms, is that recent live demonstrations of the Santander OnePayFX app. In this demonstration, we see that the final payment request to link the user’s bank card to the payment app is done using ApplePay. This means that there is already existing integration between the two platforms – of Ripple’s xCurrent powering the app and ApplePay. This, in turn, will allow the partnership to be as easy as plug and play on all Apple devices.

The third reason would be the recent addition of Ripple (XRP) to the iOS stocks application. You can now track the value of XRP against the major currencies of GBP, USD, Canadian Dollar, the Indian Rupee, the Euro and more. Sure, this last reason might not hold much water in terms of its validity, but it could be seen as a sign of better things to come in terms of both organizations working together. Remember, before any major partnership is made, we see both parties interacting in a subtle manner as can be seen with Verge (XVG) and TokenPay (TPAY). What then happens, is the official announcement that will not come as a surprise to many who had anticipated it.

Putting it all together, the general feeling in the crypto-space and amongst the Ripple community is that the Apple/Ripple partnership looks like it is almost a reality, yet too speculative and too far-fetched. What then can be done, is probably an online petition by the Ripple community to get the two companies talking 🙂

To defend the above suggestion, please remember that the core principle of blockchain technology is decentralization. Therefore, a community has the right to determine the destiny of its favorite project as is the case with the Tron Super Representative elections that is scheduled for the 26th of June.

As an additional defense for the online petition, and quoting Albert Einstein, ‘For an idea that does not first seem insane, there is no hope’.

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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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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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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