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LCX CEO Monty Metzger calls Ripple (XRP) the crypto industry leaders

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Back in 2013, let alone Ripple (XRP) or other coins, many people did not fully understand the opportunities attached and the potential impacts of cryptocurrency and blockchain technologies altogether. For many, cryptocurrency was a dark technology used by hackers and cybercriminals in the dark web to manipulate their innocent victims into paying non-traceable money to them.

But since the exploration and continuous coverage of this promising new technology, the same people are now learning, exploring, and discovering key areas cryptocurrency and blockchain technology brings to our world.

However, the exciting part is that virtual currencies used to exist even before the emergence of cryptocurrencies, although they are not the same. For former virtual currencies, their technologies were based more on a centralized framework, whereas cryptocurrency is taking more of a decentralized framework. An example of cryptocurrencies includes the likes of Ripple’s XRP, Bitcoin, and Ethereum.

The global cryptocurrency and blockchain technology continue to evolve with each moment that passes. One of the latest significant inventions or entrants into the market is Liechtenstein Bank’s brainchild known as LCX or Liechtenstein Crypto-Asset Exchange which is based in Vaduz Liechtenstein.

What LCX is currently doing is to set-up a regulatory compliant exchange network that is going to facilitate trading and exchanging of security tokens as well as other cryptocurrency assets in a manner that is in line with the laid out legal and regulatory requirements.

Also, LCX is believed to be working towards launching a crypto custody product alongside a cross-border fiat product to its crypto exchange which will aid in opening the crypto markets to hedge funds, high net worth investors, family offices, and institutional investors. These kinds of investors have been sidelined into investing due to concerns over liquidity, regulatory compliance, and security.

The Announcement of xRapid Technology Launch by Ripple

Addressing the congregation at the Swell 2018 conference, Brad Garlinghouse, CEO and founder of Ripple Labs, made essential revelations concerning their blockchain-based technology responsible for near-instant cross-border transactions was going live.

It is now clear that Ripple is pushing to expand the use of its default currency, XRP, into new heights beyond the settlement and banking space where Ripple is mainly focused.

According to Ripple, xRapid will be used by three money settlements providers namely, Cuallix, Mercury FX, and cooperative financial company Catalyst Corporate Federal Credit Union.

Ripple’s top vice president of Product, Asheesh Birla, was quoted disclosing to CNBC,

“I am excited to bring the xRapid product into the market at the time where there is a lot of doubt concerning digital assets and their real use case.”

Moreover, for quite some time now, Ripple has been utilizing every opportunity to distinguish itself from a private firm and its default virtual currency of XRP Ledger, XRP. For a long time, there has been conflicting information between the two.

Out of the 100 billion XRP coins that are in existence, Ripple claims ownership of 60%, but the company has kept about 55 billion XRP’s locked up in an escrow account to ensure a steady supply of XRP at any given time.

A Crucial Moment in Ripple’s History

The launch of xRapid represents a pivotal moment for not only Ripple but the entire cryptocurrency sphere. This new development marks the first time Ripple XRP is going to be used by financial institutions in conducting commercial applications, a fete in Ripple’s quest to make cryptocurrencies, as well as blockchain technologies, become mainstream in the financial sector.

Before the launch of xRapid, price activities in XRP have been in limbo as none of the other reputed Ripple services are attached to the default coin, XRP. For instance, Ripple’s service xVia recently disclosed that its operations span as far as 40 nations in six continents. xVia enables high-speed settlements via RippleNet but has nothing to do with XRP.

For the global insights every crypto trader must have, apply for Elite membership!

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.

[Photo, Liechtenstein Cryptoassets Exchange CEO (left) with Ripple CEO (right). Source,twitter.com/montymetzger]

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Taking the Booming Cosplay Industry to the Next Level with Tokenization

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In the past couple of decades, some aspects of Japanese culture have begun to spread like wildfire through the rest of the world. Foremost among them is the fascinating and thought-provoking world of Japanese comics and animation.

At the same time, it’s become increasingly popular for fans to interact with each other and express their enthusiasm for manga and anime through cosplay, where people dress up as their favorite fictional characters or even create their own.

In fact, cosplay has grown to be a jaw-dropping $45 billion industry, with no signs of slowing down anytime soon. However, the industry and its participants aren’t without problems.

At the top of the list of issues holding the cosplay industry back are those associated with copyright and revenue sharing. As with most any global industry, there is inefficiency due to language barriers, different currencies, and varying regulatory guidelines for intellectual property.

So, how can blockchain technology help? There are a handful of answers to that question, actually. A few are:

  • An immutable blockchain can be used to store records such that there is no longer any doubt about a piece of content’s original creator.
  • A blockchain can securely store and track user’s digital IDs in order to discourage harassment and other nastiness that prevails on online media forums.
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The race for No. 2: Ripple’s XRP is growing, and Ethereum is shrinking. Why?

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Over the last three weeks, Ripple’s XRP cryptocurrency has been raising in price slowly but steadily. As we write this article, it’s trading in green numbers at $0.422 even during the current bearish run of the market, which means despite regular market dips, it’s doubled its price in a relatively short time.

Moreover, for some days during the recent period, it’s been the world’s second coin, beating Ethereum. But will that be consistent? Should Ethereum be worried? Well, maybe. Ripple advancements and XRP’s massive growth is undoubtedly putting Ethereum’s dominance in question.

Ethereum came live in 2015, and it quickly became the most crucial blockchain in the world, second only to Bitcoin. It became the dominant platform for smart-contracts and many of today’s most exciting blockchain technologies came to life using Ethereum’s operating system (Tron and EOS are the primary examples).

But now, Ripple (XRP) grows while Ethereum is shrinking

Before this September 18th, the gap between ETH and XRP was huge. Ethereum’s market value more than doubled that of Ripple’s. As we write this article, the difference among both assets is around three billion (17 vs. 20 billion). If things keep moving in the current direction, this gap could close down, and even reverse in the next few weeks, if not sooner.

The recent XRP bullish run is the highest it’s ever had. It went up by 200% in fewer than four days just a couple of weeks…

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Just In: Ripple partner Santander expands its reach using SWIFT GPI

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There is a lot of buzz around Ripple and SWIFT concerning a possible partnership. However, this buzz around them has become more intense as Ripple’s partner, Santander, partnered with SWIFT to launch its services in countries such as Argentina, Poland, Spain, and the United Kingdom. The announcement came in today. The Spanish banking giant also plans to expand its services to further countries in 2019.

It is also important to know that there are high anticipations that Ripple may announce a breathtaking announcement during the forthcoming SIBOS 2018 Conference which is held by SWIFT, and set to take place in Australia.

The event is slated to hold on the 22nd to 25th of October. The main reason for the speculation that Ripple and SWIFT will be partners is since many FinTech companies – including banks – are using SWIFT for global cross-border remittances, and on the other hand, Ripple’s technology is becoming predominant to aid cross-border payments.

As a result of the partnership between Santander and SWIFT, Ripple’s community now see the opportunity that there may be a probable connection between Ripple (XRP) and SWIFT. This can also be attributed to the fact that Santander itself is in close partnership with Ripple, as it created OpenFx, which runs on Ripple’s blockchain protocol.

Santander believes that its partnership with SWIFT will help it deliver “rapid and frictionless cross-border with fast payment tracking.”

Eva Bueno Velayos, the GTB Head of…

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