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Liquidity Solution Explained by Ripple (XRP) Through the Use of xRapid




Through their blog, the Ripple [XRP] group explained and stated vital information about liquidity solution by making use of xRapid.

It is important to know that liquidity is an essential aspect of any business operation and it is a stress-free way to accomplish the assets’ trade without altering its worth. However, liquidity can also be expressed as a simple way of transforming an asset into cash to be withdrawn. With all of these in mind, the liquidity solution that has been offered by Ripple team is a big answer to the financial market.

Furthermore, on Ripple’s blog, it was stated there that Ripple’s xRapid solution distinctively makes use of xRapid to give a high rate of liquidity.  Additionally, xRapid decreases risk and unleashes the complete capacity of payments by enhancing real-time and less costly transactions in every currency.

Funding a Nostro account before a foreign trade is actualized is hectic and also a costly method of attaining fluidity. The balance of this account is probably going be massive but stagnant, thereby making it a “tied-up” capital which may be expended in other beneficial ways.

To avoid the problems associated with Nostro accounts, a digital asset can be used as a substitute to decrease cost and enhance liquidity for different forms of transaction. Digital asset functions as a versatile currency, which helps to change any remittance into its needed money immediately and economically.

Nevertheless, any of the digital assets must be able to solve different transaction problems instantly, and XRP (Ripple) is one victorious enactment. It is also important to know that XRP, undoubtedly, is a distinct digital asset and different to Bitcoin in these powerful ways:

  • Bitcoin is not so fast when it comes to resolving a transaction because it takes 60 minutes to do so, thus, limiting its transaction to 16/second. But XRP can manage more than a thousand transaction per second that is on track with the frequency of vital payment networks like Visa.
  • XRP transactions are quick and efficient, and it also helps to protect the sender from the dangers of volatility, thus, enabling funds to be gotten without delays. On the other hand, Bitcoin is slower due to its low transaction frequency. This makes it an unsuitable digital asset for a stable of different capacity of transactions.

xRapid makes use of a unique digital asset, which is XRP, for offering liquidity at the low cost. Also, xRapid helps to lower the capital required to achieve higher liquidity, thus, assisting financial and payment companies to give their clients an unbeatable experience.

Consequently, xRapid was explained by CEO of Ripple [XRP], Brad Garlinghouse, as:

“xRapid as a digital asset was designed to have real-time liquidity. A bank like the Bank of Andy can decide to trade $1 to purchase XRP; this XRP can be transferred to an Argentinian digital asset exchange and can be used to purchase a liquid fund of an Argentinian peso within 10 seconds in another market”

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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 Chris Saulit via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), 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 ( ), 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.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



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…

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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 ( 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 been…

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