In the world of cryptocurrencies, the right partnership can make all the difference. If a large corporation develops an interest in a certain cryptocurrency, the price of that currency can skyrocket within hours. Additionally, the amount of trust in that currency will rise as well, which will bring even more attention to it.
Such partnerships are not happening on a daily basis, and there are often only a few truly big ones in months. However, when they occur, both the coin and the company can benefit greatly. The partnership between Ripple and Apple is one that the crypto community has been waiting for, for a long time.
Ripple (XRP) troubles in 2018
Neither Ripple (XRP) nor Apple needs an introduction at this point, as they are both well-known in their respective industries. However, while both are large and well-known, Ripple has had a lot of difficulties in the recent months.
The coin was involved in numerous lawsuits, where it had to deal with allegations of being a security, a scam, and even a centralized currency. Even some workers at Ripple Labs were involved in these kinds of lawsuits. As if that was not enough, XRP is still a cryptocurrency, and as such, it had to suffer nearly 9 months of the constantly bearish market.
Like all cryptos, it lost a lot of its value back in January when the market crashed, and the situation was slowly getting worse ever since. Ripple is among the most trusted coins when it comes to banks and other financial institutions. This has had a large role in helping the coin with keeping its reputation and remaining the third largest crypto.
Its numerous products, like xRapid, have shown a lot of potentials, and even a capability to revolutionize the way we send payments. This is why the banks like this coin so much. However, even though Ripple has partnered up with numerous banks, this was still not good enough for the coin to truly rise. This is where Apple comes in.
Ripple and Apple — The relationship between the two
Back in May, Apple released a new announcement, stating that it has integrated Ripple’s Interledger Protocol. This is an open protocol suite that is used for sending payments over different ledgers. It basically works as routers on the Internet, and it allows making payments across independent networks.
For a troubled Ripple, this came as a huge news, especially since Apple announced that it will roll out the update for both, Mac and iOS. At the time, this also hinted at the possibility of Apple adopting cryptos as a valid payment method for its Apple Pay.
Now, Apple has made another move that benefits Ripple, which is the addition of its XRP token to its stock market app. The new move allows Apple’s users to always be able to quickly check crypto prices, and keep them up to date.
Additionally, Ripple is a form of money that has received the biggest number of trading pairs in Apple’s stock exchange app. It is paired with USD, EUR, GBP, CAD, AUD, INR, JPY, and even CNY and KRW. This is another large thing for Ripple, but also for cryptocurrencies in general, since Apple is showing interest in integrating them into its stock app.
Obviously, this has been very exciting for the entire Ripple community, especially after another market drop earlier in this month. Now, with the new development, Ripple’s price is expected to recover, which has already starting to happen. The coin has experienced a 3.05% increase in value within the last 24 hours, and its current price is $0.278934.
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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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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…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
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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