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Is Ripple (XRP) Welcoming Allvor to the XRP Ledger?

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Allvor
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Ripple (XRP), the third-best currency in the world according to the global coin report, has been offered integration from Allvor Project. Allvor decided to go for Ripple as their choice of powering-up their currency given the fact that XRP Ledger is said to be the best performing and the most functional database technology to be made by far.

Allvor is generally focused on e-commerce so it is no wonder that the Allvor team concluded that XRP Ledger would make a top choice as Ripple is focused on delivering fastest transactions via its blockchain network. As the team behind Allvor project is promoting this currency as the first XRP-powered currency available on the market, we are extremely interested in finding out more about Allvor and Ripple’s partake in this matter.

Ripple and Allvor                         

It seems that Allvor is offering integration to the team behind Ripple, considering that this kind of integrating is necessary in the world of digital assets if the parties involved want to see further progress being made in the field of blockchain-based technology and operations.

Regarding the matter of having Allvor integrated to the XRP Ledger and powered up by Ripple’s technology, the representatives from Allvor team stated that Ripple had no initiatives in this matter as well as that the mentioned integration wasn’t brought up by Ripple. The team behind Allvor Project further stated that the project they are planning on presenting is in any way sponsored or initiated by Ripple or anyone from the Ripple’s dev team or the team of representatives.

Allvor is already branding their currency as the first currency ever to be powered up by XRP Ledger, which is in their opinion (but not only including their personal opinion) the best-distributed database ever to exist on the market.

Since Allvor will be mainly focused on e-commerce and everything related to this branch of trading, getting accepted on XRP Ledger would probably sky-rocket their current and help them achieve any possible goals they have listed in their roadmap.

Given the fact that Ripple makes up for maybe the fastest platforms when it comes to processing transactions, getting powered up by XRP Ledger would definitely aid Allvor in any ventures it might have installed.

For now, the team has stated that their optimal and primary goal would be to encourage the integration of different blockchain-based platforms, so that many different decentralized ecosystems would be interconnected with the ability to exchange data, trade assets and values, and much more.

Their initial objective within this goal is to make ALV usable and widely used for these integrated networks that they are planning on bringing together. The first step towards this case scenario would be getting accepted on XRP Ledger.

Moreover, the Allvor team added that they will also use ALV to encourage designing tools that would serve the purpose of enabling communication between the interconnected networks. They added further that this case scenario would be possible through Ripple’s XRP Ledger as this ledger possesses all the technology needed to make intercommunication more than potentially possible.

Allvor, Ripple and the Internet of Value

To make a long story short while staying updated on what the Internet of Value stands for, we can simply say that the Internet of Value represents a digital ecosystem that enables users to exchange and trade values as fast and as simple (and as cheap!) they would send an email.

The Internet of Values is another one of Ripple’s projects that Allvor believes it would make a great choice for its e-commerce ventures as well. So, that means that the Allvor team is planning on taking advantage of the IoV technology as well, so they could enable their users to exchange goods and trade with value in real-time just like it is possible to make safe, fast and cheap transactions through XRP Ledger.

Further on the matter of having ALV hosted on XRP Ledger, the Allvor Project team stated that they are not planning on having an Initial Coin Offering. This is an odd case because the majority of coins and tokens being launched and created always organize a crowdfunding sale so they would be able to launch their currency as an ICO and put a price on it.

In oppose to the traditional need for ICO whenever a coin or a token is launched, the team behind Allvor stated that they will not be collecting funds for launching their ICO. Instead, they are going to have ALV tokens being directly distributed to Ripple users and holders. This can be easily achieved by using the Initial Distribution feature.

The team behind Allvor has already taken the first step towards their objective regarding blockchain-based integration, so their tokens, ALV, have been distributed to XRP holders on March 27th of 2018, which was approximately a week ago from the time of this writing.

Whoever owned XRP at this moment and on this date, they were entitled to getting ALV tokens distributed through XRP Ledger.

Ripple Users Getting ALV Tokens

On March 27th, all users that were eligible to apply for the program of getting first ALV tokens distributed through XRP Ledger. In this case, ALV tokens were being handed out in accordance with the amount of XRP the applicants had.

However, the number of available ALV tokens is one million ALV, which means that the program would only be able to distribute this amount of tokens at the current moment, not a token more, which means that the amount is strictly limited.

How is Ripple doing at the Current Moment?

Although the curiosity kicked in with giving birth to a need of finding out more information about ALV tokens and the Allvor project, we are interested in finding out how Ripple is doing at the current moment.

After the latest change in the market, XRP has fallen down by -2.54% against the dollar. That means that XRP is now trading in the red while it also fell down against BTC by -1.60% during the 24 hour period.

At this moment, you can purchase one unit of the third-best currency for 0.49$.

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 Andre Mercier via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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