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Strategic Accounts Head of Ripple on how XRP will play a key role in liquidity provisioning

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Ripple
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In today’s world, technology and intense rivalries play a vital role in the invention of new things that are refining the way digital money move from place to place. However, growing customers’ expectations and anticipations are also changing the outlook of digital commerce today. That’s exactly what Ripple has been doing lately (causing headache to the competitors).

Nonetheless, one question happens to come to the mind and that is, which of the financial transactions – be it cross-border transactions, government and customers’ disbursements – have the greatest possibility to be digitized? This has been one of the key points of the recent Citi Digital Money Symposium organized by Citi Bank.

It is important to know that banks of the future were also discussed and if the global financial world needs banks or just banking services. During the course of the Digital Money Symposium, Marcus Treacher, Ripple’s Global Head of Strategic Accounts, was interviewed by Elena Anisimova, the VP, Private Company Access & Advisory at Citi Bank.

As we know, Ripple is a digital asset and a real-time cross settlement platform created on an open-source internet protocol. Also, Ripple enables fast and secured cross-border remittances, which are almost free. However, Treacher also purports the fact that Ripple is making sure money transfer is changed. During the interview, he said:

What we (Ripple) are trying to do is to re-work how banks move value between each other and we always work with banks. We have a strong partnership with the largest banks in the world which we are using to work with us to really build-out our solution to benefit the banks and Ripple.”

Blockchain technology has the ability to change money transfer. Even though this technology hasn’t been adopted as it should be, due to the fact that it is still in its juvenile stage, but many people are beginning to acknowledge its ability to change the world.

With that in mind, banks are more concerned about blockchain than cryptocurrency itself, and Ripple’s Treacher had this to say during the interview:

Banks are focused on blockchain because that’s where the increase of the value that can be provided for their end customers in terms of efficiency, speed, accuracy, and awareness. It all kicks in using blockchain technology and in Ripple’s case, its net of value version of that creates a significant value of proposition for their customers worldwide.

Strategic Accounts Global Head of Ripple further went on to say that,

The digital asset element really comes into play in the financial services contacts for managing liquidity and flows between different value stores in different fiat currencies. What I mean to say is that, if you are moving Dollars to Euro, both currencies are very high liquid currencies and can move very quickly.”

Marcus Treacher continued,

“If you happen to fund a currency which is ‘illiquid’, then that’s a difficult proposition for a company which happens to buy goods in that country or pay people in that country. In that case, using a digital asset to fund these accounts when required – ready for payments to happen, is a difficult proposition.”

Concerning how digital asset (XRP) will play a major role in providing liquidity, Treacher concluded:

So there are two levels of value, one is the immediate payment, which is the blockchain value. While the second is the delivery of liquidity, which is really where we see one of the major value of propositions for the digital asset in the future.”

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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.

[Photo, Elena Anisimova of Citi Bank (left) with Marcus Treacher of Ripple (right). Source, citibank.com/icg/sa/digital_symposium/2018]

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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