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Here Is How India Is a Slam Dunk For Ripple and XRP

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The beautiful country of India is known to have one of the most progressive and tech-savvy population in the world. This fact is boosted by the fact that they have a very forward-thinking Prime Minister: Narendra Modi. It is no wonder that the company of Ripple has set up shop in the country despite the ongoing Reserve Bank of India (RBI) ban on fiat-to-crypto transactions and vise versa. But this ban has some loopholes that can be exploited by both the Ripple company and XRP.

With respect to XRP and Ripple, you might notice that many online publications have started distinguishing the two assets for they are entirely separate entities. This fact has been amplified by the 3 ongoing lawsuits against the Ripple company as well as SEC scrutiny on XRP.

So how will India be a slam dunk for Ripple and XRP?

To begin with, the current RBI ban does not prohibit crypto-to-crypto transactions. This means that the tech-savvy citizens of the country can choose to use XRP for day to day transactions due to the four known qualities that will be outlined next. Firstly, XRP is highly liquid in a sense that you can get it easily in India on Zebpay and Unodax. There is also the unreported peer-to-peer transactions that are probably going on in XRP. These transactions are boosted by the other 3 qualities of the coin: it is secure, fast (3.3 second transaction speed) and cheap ($0.0001 per transaction).  This makes XRP ideal for microtransactions in the country. The fintech arena in India is growing in an exponential rate and XRP is at the forefront of this progress.

Secondly, the said exchanges of Zebpay and Unodax currently offer trading in crypto with XRP as a base pair. This is some good news for the two exchanges have seen that XRP is the future. The XRP centered trading pairs will further boost the visibility of the coin in the crypto markets.

The third reason will be centered around the Ripple company which has already set up shop in India for they know the country is a financial powerhouse. The GDP of India just recently surpassed that of the UK: imagine that! There is also the fact that international remittances into the country were valued at $67 Billion in 2017. It is no wonder the Kotak Mahindra Bank joined the Ripple network and plans on using xCurrent for local and international remittance services.

So there you have it, ladies and gentlemen. The beautiful country of India is a vital piece of the puzzle for the expansion of both the Ripple Company and XRP around the globe. The future does indeed look bright for both entities and the country of India.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

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A few of the problems facing centralized casinos include the following:

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These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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