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Top reasons to make Ripple (XRP) your favorite crypto player in 2018

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There have been two big problems about XRP (Ripple’s cryptocurrency) since it first appeared on the market. First of all is that the company, the blockchain technology, and the coin are not the same thing at all so the corporation exerts a huge influence on the coin’s use and performance. The other one is decentralization has not been applied correctly.

The first situation is that XRP is heavily influenced by Ripple. But if Ripple disappeared overnight, the coin could just keep going because of users. That being said, Ripple owns a huge reserve. Fifty-five billion tokens are held in escrow which should be released into the market over the next four years. This is possible because the XRP tokens were mined by Ripple before the cryptocurrency went live, and it gives Ripple a handle over the coin’s performance which is very rare in the crypto market.

About the other issue, let’s remember that crypto coins work because users make agreements and those agreements keep the blockchain safe and reliable. To put it simply: users agree on how many tokens go out from wallet and into the other one.

Ripple and XRP: The essential things to know

XRP is indeed decentralized but Ripple is not

As stated before, Ripple remains the biggest XRP owner in the word. It also affects considerably the way in which it’s used. If you own enough crypto coins, then you can do whatever you want with them. Pay for goods, services, or start your own global currency exchange and transfer organization.

When it comes to XRP it’s always been Ripple, not users, who have directed the way it’s used. It was even able to pick and choose the particular kind of industry they want to adopt XRP. Ripple’s idea has always been to be a cryptocurrency for international transfers (as opposed to retail and everyday use) through banks, and global wiring services (think Western Union or MoneyGram). That’s who Ripple wants to work with, but this as also led to users demanding that Ripple makes an effort to expand XRP’s use into e-commerce.

XRP’s link with Ripple has its benefits

Ripple’s authority over XRP seems a bit despotic, but it’s not all bad news. Think of Ripple as a benevolent dictator of sorts. It made it possible for some of the world’s biggest banks to adopt XRP (even if only to pay transfer fees in some cases). That would have never happened organically, it was made possible because of Ripple’s influence. Think about Bitcoin. It remains the main cryptocurrency in the planet and, even so, it has not found its way into so many relevant firms in the world as XRP has.

Because of Ripple’s connections to global corporations and banks, XRP is in very relevant partnerships with such institutional mammoths as Walmart, Central Bank of Saudi Arabia, and Japan’s SBI, just to name a few.

Those partners are creating demand for XRP, generating stability (if slowly) and guaranteeing it’s future growth and adoption.

Ripple has created a position for itself and for XRP through exceptional marketing decisions and it’s now on the next level. Those decisions have gathered attention and prestige for both the company and the digital currency. It started by donating twenty-nine million dollars for public education on donorschoose.org. Then another twenty-five million in Blockchain Capital, an entrepreneurial incubator directed at facilitating blockchain new projects to get started.

BTC vs. XRP

Bitcoin is, of course, top on everything. Status, influence, name, you name it. Sheer inertia could be enough to keep it on top for a long time to come. It’s not very rare to find someone who, not being a cryptocurrency aficionado, thinks that Bitcoin is the only crypto coin in the world, that fact alone is quite eloquent. So Ripple doesn’t share Bitcoin’s celebrity status but that hasn’t stopped it from amazing achievements such as penetrating Wall Street and many banks around the world through strategically relevant partnerships.

Celebrity always comes at a price, we must say. Bitcoin may be the star but it’s also been at the center of most scandals, thefts, and scams that have plagued the news about alt-coins. So its popularity has not washed its reputation and it still makes people think of ambiguity, unpredictability, and confusion.

In contrast, XRP has been gaining stability, it’s supported by Ripple and it’s seen as a stylish and sophisticated cryptocurrency. It acts, looks, and feels professional so many companies that would never go for Bitcoin would go (and are going) for XRP.

XRP’s higher use

While the stock exchange and the crypto market are very different animals, for sure, they share some common traits. They’re essentially unpredictable and you can succeed in them only by sheer luck or an impeccable strategy. But XRP is just the thing to tame the beast.

It could replace the SWIFT system that banks have been used for decades and it will do that while making everything cheaper and faster for end users and banks alike. It’s already happening, as seventy-five of the world’s main banks are already doing their international transfers using Ripple tech.

Ripple and XRP (yes, both are two different things) have enough real-world pros, and it’s as safe as anything can be among crypto coins.

Just do your homework before you take a dive into XRP. Know that it’s not alone. Stellar Lumen is also going for the international transfer market and it’s supported by IBM so, it would be wise for you to hedge your bets.

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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.

Image courtesy of Pxhere.com

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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