Connect with us

Featured news

Mastercard Executive VP reveals they mentored Ripple back in 2011

Published

on

Ripple Mastercard
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Photo by rawpixel on Unsplash

Bitcoin

Is Bex500 an alternative to BitMEX?

Published

on

Bex500
READ LATER - DOWNLOAD THIS POST AS PDF

An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

Continue Reading

Featured news

Five Strategies for Lowering Your Crypto Taxes

Published

on

crypto taxes
READ LATER - DOWNLOAD THIS POST AS PDF

Getting taxes done isn’t always the highest item on everyone’s to do list. This is especially true if you have accumulated significant gains from investing in cryptocurrencies. What many investors often don’t consider are the opportunities to actually reduce their tax liabilities from their crypto investing. This article discusses five strategies that you can use to help minimize your crypto tax liability.

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

1. Tax loss harvesting

Tax loss harvesting is a common strategy in the world of investing where you sell your assets that will realize a capital loss. All you need to do is look at your investments and see which ones you bought for more than they are currently worth. By selling at a loss, you can potentially dramatically lower your net capital gains and thus reduce your taxable income. Given the market we are currently in, there are abundant opportunities to harvest losses and save on your tax bill. Cryptocurrency tax calculators have built specific tax loss harvesting tools that you can use automatically detect which coins present…

Continue Reading

Bitcoin

Will Bakkt Push Bitcoin into the Mainstream?

Published

on

Bakkt
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin has been in a prolonged bear market for some time and has dropped as low as $8300 in recent weeks. This is the worst time for the cryptocurrency since prior to the bitcoin boom in 2017, and it has led to speculation that the original cryptocurrency could be on the decline. However, the digital asset may be about to bounce back. This could be thanks to Bakkt, the new digital asset platform which aims to provide a secure and well-monitored place for investors to trade bitcoin. Some analysts are even suggesting that this could lead bitcoin into the mainstream.

Bitcoin has been teetering on the edge of the mainstream for some time now, with various companies accepting payments in the digital currency. The reason why it hasn’t yet taken off is that it doesn’t have enough practical applications to encourage the everyday person to start using it. But the market is there for alternative payments, and this is particularly apparent in the online casino industry when new sites crop up. For example, Johnny Jackpot is a smashing new casino brand that accepts a number of payment systems including Neteller, Skrill, and Paysafecard. Global customers want to be able to use options like these which were designed for the internet.

The problem with all of the aforementioned systems…

Continue Reading

Elite