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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

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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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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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