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So you’re investing in cryptocurrencies? Just watch Ripple’s XRP
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
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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