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Here Is How Ripple’s New Senior V.P, formerly at Facebook, will Hit the Ground Running

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Anyone who has gone through the job interview process and succeeds in getting that new position, knows that being selected means that your new employer believes in your ability. They have probably checked and verified your academic, professional, and sometimes personal background. The Ripple Company has recently welcomed a new Senior Vice President in Business and Corporate Development, Ms. Kahina Van Dyke.

Ms. Van Dyke has over 20 years of experience in banking and technology and will focus on driving new and strategic partnerships for Ripple across the global financial industry.

Her track record in banking and technology includes the following:

  • Working at Mastercard and Citibank
  • Most recently, at Facebook where she led the Global Financial Services team and spearheaded the connection of people around the world to financial services they never had before
  • Forged partnerships while at Facebook with Citibank, PayPal, TD Ameritrade, Visa, Western Union and others. This, in turn, connected people in Asia, Europe, Middle East, Africa and North America helping to provide easier access to their bank accounts and send payments on the platform
  • She spearheaded the partnership between Facebook and Mastercard that enabled micro-payments on the social media platform and further financially connecting more users in Africa

It is with this background in partnerships, finance, and banking, that Ms. Van Dyke will hit the ground running at Ripple as the newest Senior V.P in Banking and Corporate Development.

She is quoted as saying that:

“The correspondent banking networks underpinning today’s global payments were built nearly 40 years ago and designed to accommodate large, corporate payments…we need a new global technology solution for international payments that offers interoperability with existing systems, connecting them and leveraging their value.”

That new global technology solution exists through the various products Ripple offers of xCurrent, xVia, xRapid and allowing banks and remittance service providers to join the RippleNet.

When asked why she joined Ripple, Ms. Van Dyke stated that:

“Ripple provides a real solution for eliminating the friction in cross-border payments. Together, with our partners, we can reduce friction and deliver better options for individuals, businesses and financial institutions. It’s an exciting time in the industry — and I feel very fortunate to be a part of creating the next generation of global payments.”

With the last statement above, Ms. Van Dyke is sure to hit the ground running at Ripple to forge the best partnerships across the globe as well as spearheading financial inclusion to the un-banked in a manner similar to how the facebook/Mastercard partnership brought micropayment services to Africa.

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

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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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