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Is Ripple (XRP) value on the edge to skyrocket now?

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Ripple XRP
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Launched in 2012 as a currency exchange, remittance network, and a real-time gross settlement system (RTGS), Ripple (XRP) also known as Ripple protocol or Ripple Transaction Protocol (RTXP) is based on a shared and public ledger or database. Many financial institutions broadly adopt XRP, payment networks broadly used by many respected firms such as UBS, Santander, and Unicredit. Ripple undoubtedly has some advantages over other significant virtual currencies like bitcoin.

It is true that this cross-border payment system is one of the most popular digital currencies in the realm of virtual currencies. One of the main advantages of Ripple (XRP) is that it does not have common drawbacks such as high transaction rates and long transaction times. However, although having great benefits, the market environment at the moment has been and continue to value the price of Ripple way too low.

According to evaluations made by cryptocurrency market experts, the future of this precious digital coin is quite bright in the coming years. But the question stands when we will start seeing Ripple’s XRP prices to surge?

Ripple (XRP) in the remaining months of 2018

Many wonder the course Ripple (XRP) is going to take in the remaining months of this year. Ripple is still the third most significant virtual currency by market capitalization. While those near the cryptocurrency blockchain shower praise for all that is done to make Ripple (XRP) significant for real-life uses, there are some who are still looking for answers.

For example, many users are still not sure of the role and relevance of Ripple Labs in XRP’s performance. Also, we didn’t know the verdict of the court case that was being investigated whether Ripple (XRP) is a security or not just a couple of days ago. We know now though, and it’s that Ripple (XRP) is not a security. Great.

With that said, Ripple could witness drastic positive price change in 2018 in spite of the negatives and the lingering questions (those are getting answered nicely on the way) attached to it. There is no doubt Ripple’s benefits outweigh the negatives, and this could be the reason why XRP prices would surge later in the year. Some of the reasons I believe might affect Ripple prices this year include:

  1. Easy access to Ripple. Ripple is everywhere as the digital coin is listed on several major exchanges, including Revolut, UK based cryptocurrency exchange.
  2. Ripple proposes to cure some of the financial sector’s most vexing problems that include high transaction fees and slow transaction speeds.
  3. Ripple keeps expanding its partnerships with the last one being announced a few weeks ago. On 26 May, Kuwait Finance House (and then just a couple of days later, National Bank of Kuwait) publicized that it had signed an agreement with Ripple to commence usage of RippleNet.
  4. Ripple seems to continually make the news headlines, announcing one project after another. A few months back, Ripple made public the Xpring initiative at this year’s Consensus. Additionally, Ripple’s xRapid continues to shine, making massive advancements in the financial sector.

Final Thoughts

Ripple continues to have enormous influence on the global virtual currency market. With its recent development and partnership in a market where market segment determines volatility, its recent progress would only further improve its value.

Although it is hard to pinpoint a specific date when Ripple’s prices are going to surge, but looking at partnerships like Santander deal, a consortium of 60 Asian banks who are looking into the possibility of developing an application based on Ripple’s technology, and several financial institutions worldwide, we can only say that the near future of this digital coin looks very promising. There are over 1600 virtual currencies in existence today, but there is no doubt that Ripple is one of the coins leading the pack. So, its prices are more likely to surge soon, the rise might not occur in a rush – but it will.

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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 Pxhere.com

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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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…

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Altcoins

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

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Aluna.Social
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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,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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