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Mastercard Executive VP reveals they mentored Ripple back in 2011

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Ripple Mastercard
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Ever since we know Ripple, one of the most remarkable characteristics of the company has been the way it relates with the financial world, a fact that has put the company in the spotlight as the most extended payment solution for cross-border transactions.

To say the least, we’ve all been wondering how did Ripple manage to get this sort of attention from the sector in such a seamless way, and well, as it all seems, everything is starting to have a sense now considering the recent declarations of the current Executive Vice President at Mastercard.

An extract of the full interview has been published on Twitter on September 11th, and many speculations have been going around the subject, as people consider as well declarations may be someway altered.

However, regarding what the video exposes, the executive member at Mastercard says they were crucial support for Ripple back when they were only discovering what they could attain to. Let’s see the main details of the declarations given.

A spirit of generosity is necessary

According to Colleen Taylor, Executive Vice President at Mastercard, it was back in 2011-2012 when Ripple came to their company to look for strategic advice for scaling their product.

Back then, the general sentiment for big companies was to be afraid of those starting as they conceived them as a potential threat. However, this was not the case for Mastercard which instead saw an incredible opportunity in Ripple’s proposal.

Taylor said,

“We started making questions about the solution, and we actually recognized there was some gas in there.”

So when they asked me if I could spend a couple of days with them developing a strategic plan for their product, I didn’t hesitate. In fact, it was easy to see we could work together, as I saw it they had the agility and we had the scale, and that for me was the perfect match.

In this sense, Taylor admits that in today’s business it is quite different the approach that is being given to startups concerning guidance and mentoring.

“This idea of I have the scale, you have the agility we can work together bringing solutions to the market” is pretty much an adopted idea for several big companies now; she said. Nonetheless, is not only a matter of developing the idea, or improving the business plan, we actually need to help them scale, and “the only way to do that is through a spirit of generosity”

Beyond incubation what startup companies need is a program that guarantees them to be in contact with potential clients, a program that says “We are gonna get you in touch with real banks, financial institutions, and get you your first clients, so you get to scale”, that’s definitely the next step in mentoring.

Conclusion

For sure we can see now where it all came from when it comes to Ripple’s strength in the market, and undoubtedly we will continue seeing the company to grow and reach new levels. At the time of writing, Ripple’s (XRP) has a value of $0.2635, let’s see which side the coin moves in the coming days.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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