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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
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