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PrivateInternetAccess VPN starts accepting Ripple (XRP) payments again

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The VPN service known as PIA (PrivanteInternetAccess) started accepting XRP as means of payment since February 21, 2013. Then, last year, it dropped it for a while, and it’s now taking it again. Why does this matter? Because the security service’s view on XRP turned out to be absolutely visionary, and because it’s providing yet another use case for XRP.

The VPN was the first online internet service to accept Ripple’s XRP. This was when Bitcoin was worth $30 per token if you can still remember such days. When privateinternetaccess started accepting XRP, it had powerful words to say on the subject. It noted that XRP was the very first crypto “that truly has the guts to compete with Bitcoin.” Bear in mind that Ripple was a very new project back then.

Also, bear in mind that it’s come to happen. Right now Ripple is the world’s second cryptocurrency by market capitalization. It took over Ethereum’s spot last week so, the VPN’s announcement has become a prophecy: Ripple is, indeed, the one coin that can give Bitcoin a run for its money as things stand, and it keeps growing.

According to the original announcement, Ripple was the first truly innovative blockchain project that could improve decentralized cryptos since Satoshi Nakamoto (the enigmatic cyber-super-hero who invented Bitcoin, and whose true identity remains unknown) brought Bitcoin live.

That announcement went on to explain why Ripple had some serious advantages over Bitcoin, namely, there is no mining in XRP (Ripple pre-mined all tokens before they went online) and there is no ‘hard’ limit for transactions per second. Both things have profound consequences regarding performance and security.

The lack of a hard limit on transactions allows XRP transactions to be completely settled in seconds, instead of hours (yes, even back then Bitcoin wasn’t that fast). And the lack of mining means that a 51% attack is just impossible.

To be fair, Bitcoin has never suffered from a successful 51% ever. But other currencies (such as Verge) have been hacked several times already. And since it takes no energy at all to mine XRP (as opposed to Bitcoin which is taking just as much energy as Ireland), it’s a very green coin.

The disadvantage, the announcement continued to say, is that Ripple owns most XRP tokens, which are all in existence already while Bitcoins come about into the world through a collaborative process based on a mining open to everybody who wants to join.

The other disadvantage was that Ripple seemed like a very experimental project still, while Bitcoin seemed to be all settled. This is probably where the announcement went slightly wrong as Ripple’s technology has not changed at all while Bitcoin has had to adopt several updates (like the lightning network) to keep the project viable.

Among the most interesting ideas we found on that “old” announcement, was that Bitcoin and Ripple are made for each other. They’re complementary projects that make, between them, the crypto verse powerful and reliable.

The thing to keep in mind is this: all the great expectations that the VPN service had in mind when it adopted XRP (and it was among the very first ones to do so) are actually happening today. So we can only salute the visionary leaders who realized the potential in Ripple’s projects and decided to adopt them so early.

It will be years before Ripple can truly claim to be an invulnerable payment processing network,” they said five years ago. Now, many of the world’s most important banks think it already is.

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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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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Bitcoin

What Caused So Many Investors to Turn to Bitcoin in 2017?

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Bitcoin (BTC) has been growing increasingly popular in recent years, especially in the last two. About five weeks ago, the coin celebrated its 10th birthday, however, while it has been an entire decade of its existence, it was basically unknown to anyone who is not a particularly interested in new technologies. This all changed in 2017, when Bitcoin’s price skyrocketed from $1,000 to $20,000, making it the biggest trend of the year.

Suddenly, the entire world heard of its name, and cryptocurrencies finally got their place under the spotlight. Investors continued to arrive at the crypto space, cash was flowing, hundreds of new coins emerged, and more optimistic analysts predicted Bitcoin’s price going even higher, potentially reaching $50,000, $100,000, and more.

However, as we know today, it was not to last. 2018 was barely a few weeks in when the market crashed, the prices started dropping, and investors started selling. The profits were quickly lost for anyone who did not cash out in time, and these days, Bitcoin’s price sits at around $3,812. The crash reminded everyone that cryptocurrencies remain as volatile as ever and that they still pose a risk for investors. But, people already knew this, so why did they invest in the first place?

Chart courtesy of TradingView

Bitcoin is alluring

The first thing…

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Bitcoin

Top 5 Presidential Candidates Thoughts About Bitcoin

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The cryptocurrency space is growing larger and has more impact on our everyday life with each new year. Despite the low prices and market crashes in 2018, the situation on the market seems to be taking a turn for the better, especially after a new surge that started on February 8th. However, as we progress through another year of cryptos’ fight for survival and adoption, the 2020 US Presidential Elections continue to approach.

With that in mind, it might be worth knowing what the current major Presidential candidates think about the crypto space, and Bitcoin (BTC), in particular. Of course, no one can know who will get elected and whether the next US President will be a crypto investor or someone who will have no problems with imposing even stricter regulations that might limit the market’s potentials.

Even so, we can at least see what they had to say about the crypto industry, and form some sort of expectations regarding the future based on that. It should be noted that the list does not include every candidate, only the major ones, and those who decided to take a notable stance towards Bitcoin.

1) Cory Booker

Let’s start with the Democratic candidates, the first of which on our list is Senator Cory Booker. Unfortunately, Sen. Booker did not reveal what his thoughts are on Bitcoin and the crypto industry,…

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