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LCX CEO Monty Metzger calls Ripple (XRP) the crypto industry leaders - Global Coin Report
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LCX CEO Monty Metzger calls Ripple (XRP) the crypto industry leaders

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Ripple
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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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Is it legal to gamble in Bitcoin casino?

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Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

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How to Reach 100% Security of Online Transactions?

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security of online transactions
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The use of the global network for e-commerce operations requires ensuring an adequate level of security for all financial transactions carried out online. Each payment system uses the most convenient methods based on its capabilities and technical specifications. However, this doesn’t mean that you should only trust the system without adhering to general safety rules. For example, using ExpressVPN vs NordVPN or performing e-commerce operations or online trading in private networks will be a very good idea.

Online Security as It Is

The concept of information security means its resistance to accidental or deliberate impacts, the inadmissibility of destruction, distortion or disclosure to third parties, which can lead to material damage to the information owner. Here are some of the basic requirements that are to be adhered to:

  • Confidentiality – protection of information from unauthorized access is often provided by data encryption – conversion of text data into digital form, which can not be read without a special algorithm and a key;
  • Authentication – unique identification of the user. This often uses a login (domain name) and password, as well as additional confirmation, including one-time passwords or secret codes that are printed in a single copy for a given user password;
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Is Unification (UND) XRP 2.0? IEO April 10th at UTC+8 on Bitforex!

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Unification
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Unification is a Hybrid blockchain solution for Enterprise. Above is my interview with CEO Neyma Jahan I explore what is Unification, how does a WRKchain actually work and why is this something people will quickly adopt. What is a really telling story here is that this is one of the few ICO/IEO/ITO etc… that actually is revenue positive which I honestly could not think of many others that were?

Neyma and team come from a background in real business, and they are focused on bringing blockchain adoption to the next level. They decided to go with the WRKchain or better known by some as a permissioned sidechain so that nodes can work together even if they do not like each other.

An example:

In education, we have tons of issues with plagiarism in universities and several, miss this and people write half copied thesis papers and get away with it. Imagine now for papers across Ivy league to Community colleges a system where professors come to a consensus about papers. Now also think of it this way those professors reading this paper all must read it, evaluate it, and come to a consensus. This will take out the professor knowing that student and give an honest overall evaluation. So each professor is basically a node. Then for each paper, there would be…

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