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

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xRapid
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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 However, liquidity can also be expressed as a simple way of transforming an asset into cash to be withdrawn.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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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