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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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Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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Altcoins

How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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