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

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 However, liquidity can also be expressed as a simple way of transforming an asset into cash to be withdrawn.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

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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