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High chances Amazon will partner with Ripple (XRP) in 2018

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Ripple without any doubt takes the first place when it comes to a network that has been tested and proven in real-world cases in blockchain technology. At present, Ripple (XRP) has grown to become a major player in the cryptocurrency space being used and tested by major financial players in the financial sector as well as other money transfer service providers.

Ripple is playing a leading role in the crypto ecosystem as other digital coins are lagging behind but are busy imitating their earlier strategies of creating hype around partnerships and their infrastructure. The third-ranked virtual currency now seems to set its eyes and attention on the e-commerce giant and leader, Amazon for a possible partnership.

Ripple (XRP) currently enjoys an impressive partnership portfolio of over 75 banks who have chosen it as their natural service provider, a fact that should attract Amazon to be part of the family. A possible partnership with Ripple (XRP) has the potential to influence the fortunes of the e-commerce giant significantly, Amazon positively, while bringing onboard millions of their customers and associates spread all over the world. Here are some of the reasons why we believe Amazon and Ripple are going to become partners in the coming few months, finally.

Ripple’s Affordability, Dependability, and Transaction Speeds

One of the main selling point associated with blockchain technology is the costs and time it takes to complete a transaction. In the beginning, many investors and potential partners like Amazon were fearful of how to approach the volatility of digital coins but not any longer. With the rate Ripple is becoming an accepted, stable, and a future virtual currency reservoir, meeting Amazon’s micro-payment level demands should not be a problem.

Whereas the transaction costs and other fees are concerned, you cannot compare Ripple and Bitcoin at the moment. A partnership with the number one ranked digital coin, Bitcoin, will only mean consumers will have to go deeper into their pockets to enjoy the services due to the high costs and charges associated with Bitcoin. To this effect, Ripple delivers not only fast but also low transactions to their consumers.

Amazon usually spends a lot of funds completing a transaction thus minimizing their profit margins and discouraging consumers from using their platform as fees incurred are typically passed down to the customer. But by utilizing Ripple, Amazon will only have to incur a few cents per transaction making a lot of economic sense.

Ripple Low Prices

Volumes drive Amazon while Ripple is affordable and convenient to the masses. Combining both partners, Ripple and Amazon mean both sides win regarding global reach and adoption. The good thing about Ripple is that anybody can afford XRP tokens now that they are exchanging under $1 before any price surge happens.

Amazon, on the other hand, has a different consumer base with those shopping for cheap products form the most significant percentage of their clientele. It is this audience Ripple is targeting hoping to bring onboard.

Amazon should take advantage of Ripple’s low transaction prices in safeguarding more traffic towards their platform rather than to their competitors.

Ripple Guarantees Amazon Stability

XRP has a considerable supply of coins in the market. As Ripple continues to surge, it presents Amazon lower volatility levels, a factor that should make it more appealing to the e-commerce giant. Unlike Bitcoin and other currencies where prices fall by over $1000, XRP depreciates by pennies or cents, a small percentage that the customer barely notices.

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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.

Image courtesy of Mike Mozart via Flickr

Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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