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Top reasons to make Ripple (XRP) your favorite crypto player in 2018 - Global Coin Report
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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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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