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.
For the latest cryptocurrency news, join our Telegram!
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
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
Hodium Presents a Compelling Opportunity for Outsized Investment Returns
I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018. It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants. Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse. The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.
As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha. In that regard, it’s similar to traditional financial markets. I can remember trading during my high school days. It was the late 90s and right in the middle of the dot.com boom. Eventually, however, the euphoria fades away and reality hits hard. Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.
Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques. The professionals employed by hedge funds are the best of the best and have spent years honing their craft. That is why they’re able to make the millions of dollars that they normally…
KaratGold Proves Its Business Model By Providing Official Documents
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 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…