From the very beginning, XRP (Ripple) has been working on setting the lead for the cryptocurrency market, and that’s surely a mission accomplished for the company, which in fact, is conceived these days as the one to be followed in the whole industry.
Ripple has been showing some of the most consistent and significant steps on its path, even getting to create audacious strategies that for the rest of the companies seem to be unreachable.
Like so, is the bold move of working on hand by hand with the central banks around the globe, a fact that the company recently has loudly announced when stated they were addressing at least 40 or more of the world’s central banks with partnering proposals.
The game plan is not only well-elaborated, it is also very ambitious since of course, all of the commercial banks respond to their central bank figure, so if we see it through Ripple is targeting to engage as well with all of them. Thumbs-up on Ripple!
Ripple is keen to improve its transaction speed
With cryptocurrencies the faster the better, in fact, one of the reasons why the crypto users love these digital coins is because of the amazing speeds in operations, the main problem that on the other hand, regular financial forms haven’t been able to solve.
In this particular case Ripple has the ground all gained with a platform that allows the users to transact in a short period of time of 3 to 4 seconds, but still, the company feels like they can take it to another level; and to that responds the creation of a brand-new network denominated COBALT.
The new platform will perform transactions in the amazing time period of only 1 second, and even better, it is expected that when the platform is all set Ripple’s security could be improved even further.
Moreover, Ripple made public that COBALT will also manage to decentralize their system, a fact that could grant the company their spot on the Coinbase platform since the famous network only requires is that the coins function in a decentralized way.
Ripple refuses ICO possibilities
Ripple’s ledger is actually one of the most well-deployed among the market, on its decentralized and open-source platform many options are possible, including, of course, the possibility of launching the crypto tokens in it.
However, as recently was know different coders were trying to launch ICOs on the platform, recognizing that the ledger of Ripple is currently the best in the market, nonetheless, the company stated through a PR (press release) that they have no any intention of showing support or even promote ICOs on their platform.
Ripple is making its market wider
Ripple has made it today to finally appear in the Canadian market, the company was listed on the most advanced and important platform of the northerner country, CoinField, an exchange network in which its users will be able to trade using both XRP/USD and XRP/CAD.
The same way, at the end of March, Ripple made it to the British markets as it got its first pairing with GBT (Great Britain Currency) from LBX (London Block Exchange).
Ripple is maintaining its performance
Ripple Inc. has managed to perform in a better way than XRP, gaining more and more partnerships and even accomplishing to grow, an achievement of which, on the other hand, XRP hasn’t even been close to.
As a matter of fact, Ripple (XRP) is currently at a price of $0.47, a value that makes the coin decrease in a 4.3 percent, but in contrast, Ripple has maintained its third position in the market, and this fact let us conclude the XRP value won’t be under 1 USD for so long.
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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 Rev. Santino via Flickr
Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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