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Bank of America allegedly approaches Ripple for a possible partnership

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Ripple
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Ripple as a whole has been multifaceted right from the start, and this is because it is not really built for retail services, but to provide a means whereby financial institutions can have the possibility of making transactions easier and faster.

Due to the prospects behind Ripple, a more significant partnership (much better than the ones it had with systems like Banco Santander and American Express) has emerged and guess what? It involves the Bank of America.

The speculation arose after the Bank of America representatives met in closed doors with Ripple (XRP) people to discuss a possible partnership last week.

Before now, Banco Santander formed a partnership with Ripple. Santander announced that it would be using Ripple’s xCurrent to perform its global payments. Now, the Bank of America is allegedly following the suit in a bid to use its technology.

So far, some of the financial institutions that have recently partnered with Ripple include MUFG Bank, Siam Commercial Bank, WestPac, and SBI to name a few. Ripple seems to be a force to reckon with on global payments, and many other financial institutions are beginning to acknowledge its importance.

In the bid to make cross-border payments easier, faster, and cheaper, Ripple has three systems: xCurrent, xRapid, and xVia. However, xRapid, got launched not too long ago, and at the time it was launched, the price of XRP had a slight surge in its market value. Ever since the launch of xRapid, lots of financial institutions such as MoneyGram and Western Union have affirmed its credibility and commended Ripple’s technology.

It is important to note that xRapid is specially made for financial institutions that want to reduce the costs on liquidity. xRapid not only helps to reduce liquidity costs, but it also protects financial institutions from the obsolete hassles of cross-border payments.

It is possible that in the coming days, we may see another surge in the price of XRP following the announcement of the Ripple’s partnership with the Bank of America. Of course, if the news gets confirmed, it will be huge.

Although the actual commencement date for the everyday use of Ripple’s xRapid remains unclear, still it is evident that the Bank of America, Banco Santander, and others, are in line on how to make use of Ripple’s blockchain within their payment infrastructure.

They aren’t quite a number of digital assets that are offering what Ripple’s XRP does, even if they are, they do not have the solution to offer the best use-cases as Ripple.

In fact, even though some crypto-enthusiasts frown at Ripple once it’s mentioned, the digital asset – no doubt – has excellent prospects and use-cases. This is what the Bank of America is probably seeing and isn’t concerned about what the odds are. In that case, we should expect a lot to occur in the coming days.

XRP Price overview

Following the rumors of the partnership with the Bank of America, the price of Ripple’s XRP started moving steadily and is in the green (by a fraction) while other major cryptocurrencies are trading in red right now. At the time of writing the price of XRP stands at $0.5198 with a market capitalization of $20,902,329,639.

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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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RoFX Review – Simplified Trading for Beginners

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RoFX Review
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Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.

How to Get Started with RoFX

You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net.  After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient. 

The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.

The following packages are available:

  • Trial
  • Easy start
  • Moneymaker
  • Gold
  • VIP
  • VIP PAMM

You may view the details of the packages in the…

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Fear & Greed Index Suggests A Bull in the Bitcoin Market?

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cryptocurrency trading
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As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend of Bitcoin. 

So, what is Fear and Greed Index?

Alternative.me has the most well-known and respected Bitcoin fear and greed index.

  • Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
  • When Investors are getting too greedy, that means the market is due for a correction.

To make it precise:

  • When the index drops below 20 it indicates extreme fear.
  • When the index rises above 60, it indicates extreme greed.

The result of Fear and Greed Index is calculated from the following aspects:

Volatility: the program marks wider fluctuations as a sign of fear

Market volume: if buying volumes increase significantly, the greed levels rise, too

Social media: the client monitors, gathers and counts posts on various hashtags, to see how many interactions they receive…

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Origin Protocol Launches Fundraiser to Help Find Vaccine for COVID-19

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Origin Protocol
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Origin Protocol is selling KN95 masks at cost and shipping them to anyone in the US within 3-5 days.  This is just one of the ways Origin is turning its rewards campaign into a fundraiser to support the Coalition for Epidemic Preparedness Innovations (CEPI) — a foundation that is working to accelerate the development of vaccines against COVID-19. CEPI first launched in 2017 with initial funding from the governments of Germany, Japan, Norway and the Bill & Melinda Gates Foundation. To combat the COVID-19 outbreak, CEPI has been moving with great urgency in coordination with the World Health Organization (WHO), who is leading the development of a coordinated international response. 

“At Origin, we admire the critical work that CEPI is doing for people during this outbreak, and are dedicated to support its mission in accelerating the development of vaccines against COVID-19. With successful development and equitable access of these vaccines, we can fight COVID-19 together,” said Max Unger, Head of Community at Origin Protocol.

Shop at ‘Stay at Home’ & Support a Charity

For every purchase made on Origin’s ‘Stay at Home’ shop, the company will donate 100% of the proceeds to CEPI. Powered by Dshop

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