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ReddCoin Launches ReddPay.Me for Instant Crypto Transfers

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ReddCoin
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ReddCoin, which features among the top hundred altcoins, was introduced with the aim of bringing cryptocurrency to the masses. Also regarded as “the social currency”, ReddCoin is well-known for its unique approach to social media. This social currency which has created a lot of buzz among the traders, both newcomers and seasoned traders, has come a long way since its inception about four years ago.

Although ReddCoin (RDD) hasn’t been in the spotlight for a long period of time, it surged during the end of 2017, as RDD’s price soared from $0.001 to $0.026 in just a few weeks. As most traders are aware of, the entire crypto market is recovering from a price slump, and ReddCoin is no exception. ReddCoin, which boomed a few months ago, is in the red, with its price dropping by 3.77%. While the downward trend might come across as a cause of concern for many, it is unlikely to be a threat to the currency. In fact, it has created quite a bustle in the market with the launch of ReddPay.Me, a unique payment processor which allows users to transfer cryptocurrency.

What is ReddPay.Me?

ReddPay.Me, the payment processor launched by the ReddCoin team, enables users to make transaction instantly between two email addresses. Discernibly, this system has made the transfer process incredibly simple since it doesn’t require any registration. Conveniently enough, all transactions with ReddCoin are fast, secure and economical. What’s more, the transfer charges are lower than other payment processors, as the cost is only 2%.

How Does the ReddPay.Me System Work?

The system makes the process of crypto transfers exceedingly simple.  An investor looking to transfer coins to ReddCoin will need to follow a few important steps. The steps to make transfers are discussed in the following steps:

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  • To begin with, the user needs to click on the Send Money option on the ReddPay.Me website.
  • Decide how much money in fiat currency you would like to transfer.
  • Move on to the “To Whom” section and fill in the details; add the name of the recipient, email id, and other relevant information.
  • Make the deposit on the desired address with the transfer amount.

After making the deposit, the recipient will receive notification of the transfer in an email. Apart from the verification notice, the credit recipient will also receive a public key of the address. The person in question will be able to import the private key into his/her Reddcoin Core Wallet. Much to the traders’ convenience, all the security notices on the transfer of funds are made available to the user during the operation.

ReddCoin’s Other Tools for Cryptocurrency Transfer

ReddCoin has always been closely associated with the public and the social networks. With the launch of the new system, the newcomers, who have little experience in cryptocurrency, can make transactions easily and receive credits in RDD.  Earlier, ReddCoin has provided its users with similar cryptocurrency transfer tools.

  • ReddCoin and Telegram: For Telegram users, there is @ReddCoin_bot which can be used in any telegram group to transfer funds between two people. Depositing funds on Telegram is notoriously easy, as it involves simple commands.
  • ReddCoin and Twitter: Investors can follow ReddCoin on twitter at @tipreddcoin, and use them in Telegram to make transactions in RDD. Also, users can deposit, withdraw RDD through private messages via the bot.
  • ReddCoin and Reddit: ReddCoin investors can carry out transactions between two Reddit accounts.

Final Thoughts

Given the fact RDD is experiencing a steady downtrend; it is hard to make a forecast of RDD’s price. However, as evident from the market trends, the price of the currency might continue to dive in the bearish market. The recent launch of ReddPay.Me processor is likely to boost its market response, as it has already created quite a bustle among the crypto community.  At any rate, as the social media’s favorite currency, RDD is all set to surprise its users with exciting updates and is here to stay on the list of the most promising altcoins.

We will be updating our subscribers as soon as we know more. For the latest on RDD, sign up below!

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 Carlos Garcia Torrado via Flickr

Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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