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Here Is Why Brad Garlinghouse Thinks Coinbase Should List Ripple (XRP)

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The visionary CEO of the Ripple company, Brad Garlinghouse, has recently put forth his idea that the Coinbase exchange should list Ripple (XRP). Mr. Garlinghouse argued publicly for the first time about the Coinbase addition during an interview with Fortune magazine only yesterday, Thursday, June 21st.

During the interview, Mr. Garlinghouse is quoted as saying:

“As we solve problems at scale for institutions, I think it’s in Coinbase’s interest to participate in that.”

What Brad meant by this, is that Ripple has continually proven its products of xRapid, xVia, xCurrent and RippleNet over the past few months. The current number of banking partnerships Ripple has gained so far is known to be over 100 with many speculating it could be in the 200 range already. This means that Coinbase needs to see the proverbial light and also list XRP for it is the current and future digital asset for remittances.

The Coinbase/Ripple conversation has been alive in all the social media platforms since January when XRP had peaked to $3.84 levels as the crypto-verse had anticipated an XRP listing on Coinbase. However, this did not materialize even after it was reported that Coinbase was offered $1 Million to list the digital asset.

Another argument (not by Brad) that can be put forth, is that both Coinbase and Ripple are American companies. Using President Trump’s mantra of Make America Great Again, it is about time the two companies came to an agreement and took over the world of cryptocurrency markets as we know it.

A third and not necessary the last reason Coinbase should add XRP is that the digital asset does not qualify as a security. Many crypto-traders have speculated that the delay in listing XRP is due to lack of clear direction by the SEC with regards to XRP. This, in turn, explains why Ethereum Classic (ETC) was listed by Coinbase in a heartbeat as soon as the SEC declared that Ethereum is not a security.

Brad Garlinghouse is quoted as saying the following with respect to XRP not being a security:

“I think it’s really clear that XRP is not a security. XRP exists independent of Ripple.”

With regards to the value of XRP, earlier this Friday, the cryptocurrency markets suffered a downward spiral in value as a total market capitalization of $10 Billion was lost in a little over an hour. But if you have been in this cryptocurrency industry for the last 6 or so months, this type of action is normal. During last week’s Coinrail hacking, the total crypto markets lost close to $50 Billion.

Looking at the coin of the day, Ripple (XRP), it too has been affected by the current decline. XRP is currently trading at $0.51 and down 5.11% at the moment of writing this. Bitcoin (BTC) has also been affected by the sudden crash and is trading at $6,373. The King of Crypto is currently down 5.49% in the last 24 hours. All fingers are crossed that the crypto markets stabilize as we walk into the weekend ahead.

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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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