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 However, liquidity can also be expressed as a simple way of transforming an asset into cash to be withdrawn.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


HODLing Stellar Is A Good Plan For 2019




HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019




2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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SEC Postpones Bitcoin ETF Decision Once Again



Bitcoin ETF

The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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