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PrivateInternetAccess VPN starts accepting Ripple (XRP) payments again

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XRP
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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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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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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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