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How Ripple (XRP) Outdid the Transaction Speed of VISA




XRP registers progress on a daily basis at such speeds, that it is not always possible to cover major news all the time. But the news of a number of ripple transactions crossing that of VISA at twice the rate has managed to gain major momentum. Recent updates report that XRP can now deal with a processing of 50,000 transactions per second in relation to VISA’s 24,000 transactions per second. The VISA website portal publicly publishes the information on the number of VISA transactions per second. As last updated on July 2017, the website portal of Ripple publicly posts the information of XRP’s 50,000 transactions per second. However, the potential of further elevating the transactional speed of the altcoin has been assured by the upgradations in the system health decentralization and the latest XP prospective COBALT updates.

The upswing in the speed of transaction improves the chance for Ripple to get adopted by a large number of financial institutions as already several banks have confirmed the testing and integration of XRP technologies in their systems.

When it comes to alt-coins, two valuation systems have come to the fore. One system accredited the artifact-value of an altcoin, which is associated with the restricted number and the resultant popularity of a cryptocurrency. The other emerging analysis is that the value of alt-coin entails the use-case of cryptocurrency. With regard to this use-case valuation, XRP has emerged as the leading cryptocurrency on account of the fact that that the XRP technology has been adopted by the widespread financial sector.

One of the most successful cases of adoption of Ripple by the financial sector is the case of the Cuallix financial system which is an international company that implements XRP technology to fill the gap between payments and inter-border fiat transactions. This use-case valuation is strengthened by the Ripple’s collaboration with SBI Holdings, a premier financial company in Japan. SBI securities, the subsidiary of SBI HOLDINGS, has turned out to be the largest online securities firm as it boasts of more than 4 million brokerage accounts base SBI virtual currencies, expected to launch soon, plans to use XRP as the only virtual asset.

How restriction is beneficial for artifact value of Ripple

The statistics available on reports that the amount of XRP available for circulation is almost near 40 billion dollars. Official information from the Ripple Company states that there is 55 billion of the XRP alt-coin that have been put into escrow and the company is equipped to sell a billion such XRP alt-coin per month. Ripple is appearing to be HODL its available stock of XRP alt-coins, and putting the remnant amount back into backdated escrow. This implies that the amount of XRP not being sold each month is then slated to be sold in the future timelines, probably after decades. There are currently about 6 billion XRP which are available for trading in the crypto market plus the few million sold by the that the company on a monthly basis in order to invest in its business ventures.

The utmost importance of speed

Realizing the importance of speed in financial transactions and processing, Ripple has been updating its systems and software consistently. The most current upgrade resulted in VISA getting replaced from its top spot by Ripple for the swiftest transaction speeds. Currently, Ripple’s transaction speeds have crossed that of VISA’s to reach the mark of 50,000 transactions per second. Ripple, which has now emerged as a company dealing in international financial transactions, holds the responsibility of the XRPtoken. With some of the latest technological upgradations in the speeds of transaction that have taken place, Ripple is set to earn the status of the speediest virtual transaction processing company on a global scale. The other crypto networks which register speeds close to that of Ripple are Bitcoin Cash, Bitcoin, Dash Ethereum, and Litecoin.

At the beginning of 2018, MercuryFX, a key international currency exchange company and IDT corporations, which is a telecommunications firm, have both joined the expanding network of Ripple. Both these companies have resorted to the xRapidpackage which enables them to make the retail transfer of funds and other corporate dealings with much more accuracy and speed. Since XRP can make transactions at double the speed of VISA, which is one of the premier global credit card conglomerates, there are more than a hundred banks relying on XRP as a potential artifact to implement cross-border processing. The current undervaluation of XRP is understandable due to the exhaustion of most of the XRP that was available for transactions to the public. In the upcoming years, XRP is slated to become the standard against which the value of alternative currencies will be measured. Thus in terms of user-case valuation, Ripple will become the forefront amongst all cryptocurrencies.


The rising trend of banks adopting the Ripple technology has made the CEO of the company Brad Garlinghouse comment in a recent interview that only after 200 banks adopt Ripple, an official announcement will be made.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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 Thomas Hawk via Flickr


How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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