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So you’re investing in cryptocurrencies? Just watch Ripple’s XRP

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Ripple XRP
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Haven’t you heard about Ripple over the last few weeks? You were probably dead or hiding under some rock because it’s been grabbing all the crypto world headlines. That’s not a coincidence at all. Ripple has been proving that it’s not just another project or cryptocurrency but a fully working solution for the global problem of international transactions.

Ripple’s blockchain technology and currency are not just persuading the cryptosphere of how useful they are, but they are also enticing some of the world’s biggest firms that would not have come close to the blockchain tech otherwise. If you are an investor you should keep a close eye on Ripple, let us tell you why.

It will keep growing

Recently Banco Santander announced the release of OnePay FX which is a blockchain app intended to make international transactions quicker, safer, cheaper. And it’s based on Ripple’s technology (it also uses the coin sometimes).

The partnership with Banco Santander is a huge deal. This is the bank considered to be the world’s best as of today, and it has a presence everywhere in Europe and the Americas. Santander will use Ripple’s blockchain and platform to carry out its international transfers, improve their customer service dramatically and save a ton of money on the way. This makes Ripple an essential player in this field as one of the very few crypto coins that have managed to find its way to the mainstream and provide a real-life service for actual people and actual firms.

Keep in mind that the financial industry is very conservative and very averse to change. If Ripple has persuaded them to adopt their platform and the coin (to some extent, to very little extent as of now) to do things differently, it’s because the service they are providing is precious indeed.

And new partnerships with some of the big world players keep getting announced frequently. Western Union, MoneyGram, InstaRem, BeeTech, and many others are already on board and enjoying the benefits. This creates confidence and curiosity for other financial institutions that are not still in the Ripple Net, but it can only mean many of them will also join soon. Mark our words, Ripple can only grow.

Ripple’s 1.0.0 is here, and it will be a game changer

About a couple of weeks ago, Ripple team announces the release of Ripple 1.0.0. The update has been in the works for six years already. It includes many improvements for Ripple’s platforms. This update will make the decentralized network mature, and more stable and current users and operators are being encouraged to update to the latest version. It also enhances the XRP ledger which is at the heart of Ripple’s service.

The SBI platform: Just fantastic

SBI is one of Japan’s largest banking services, and they’ve just launched a platform for virtual currencies. This is excellent news for Ripple’s XRP coin because transfer fees will use XRP and thus creating new demand and improve the asset’s performance. SBI has plans to add more features next month; the advancements in SBI’s system will surely impact XRP positively as it’s set as the primary currency on the platform.

Of course, SBI Holdings’ crypto exchange and release of Ripple’s 1.0.0 are just a couple of reasons to believe that the crypto is bound to fly. Ripple is showing how a cryptocurrency can make a difference in the real world by improving over traditional solutions to existing problems. It’s faster, more scalable, more available than Bitcoin and it’s on its way to becoming the most used crypto coin all over the world. And on top of everything, it is still very cheap ($0.56 at the time we write this).

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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

Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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