Connect with us

Altcoins

Ripple CEO speaks on the Bitcoin scalability trials, crypto volatility, and regulations

Published

on

Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

During an interview that got held on the Stanford Legal Podcast (on first of this month), Brad Garlinghouse, Ripple’s CEO, spoke on the vital issues that cryptocurrency world faces today. Garlinghouse also discussed the issue of cross-border settlements and a couple of other things.

During the interview, Garlinghouse talked on what he thinks about cross-border payments future. He mentioned how cross-border payments could be able to reduce the fee of the global transactions. Ripple’s Chief Executive Officer,

That takes time and friction (cross-border) and any type of talk about friction is its cost. If we do it more efficiently, we can accelerate the global industries that we’re talking about”

The discussion moved further on how Ripple (XRP) aims to resolve the issue of cross-border payments where Garlinghouse stated:

We sell technologies to banks that will allow them to connect that we call RippleNet and that allows them to do cross-border payments in real-time at very very inexpensive fees.”

Even though the world has changed when it comes to technology, Garlinghouse added that it is “amazing” that lots of technological payments have a central counterparty.

In regards to the illegal transactions that occur in the crypto sphere. Garlinghouse said that lots of companies start at the dark side and then people start to know how much benefits and productivity can be derived for that same industry.

In regards to regulating the cryptocurrencies, Garlinghouse stated that the crypto sphere was created based on decentralization, anti-governance, and so on. In regards to this, Garlinghouse spoke about the role of Ripple in this as he said,

“…that’s in some ways of what the business ripple is building, that’s a frustrating thing because it takes time and education to explain, there’s a lot of misinformation. There real-world use cases as we talked about earlier with its payment settlement cross-border or security settlement where you can use these techniques to have real-world benefits for economies, on consumers experience, business experience.”

However, Garlinghouse supports the authorization process in cryptocurrency, which he said may benefit the cryptocurrency world in the long run.

Ripple’s CEO on Scalability

There has been a lot of fuss around Ripple these days, and in the interview, Garlinghouse rambled a lot about Ripple and XRP. Ripple chief states,

some of our products are built a hundred percent using XRP, and some have nothing to do with XRP. You can use Bitcoin for some of the products we offer. The problem is, Bitcoin has some serious issues concerning scalability.”

Garlinghouse further explained the cost of purchasing goods using Bitcoin. As per Mr. Garlinghouse, the cost involved in the case of Bitcoin (BTC) is a little bit high and the transaction time usually takes more than 50 minutes.

He went on to say,

I am personally long on Bitcoin. I’m not trying to bash Bitcoin. I think Bitcoin is not going to be a panacea that some people thought it would be for many different kinds of transactions and instead you’re seeing specialize in kind of use case dynamics for different transactions.”

Before the interview closed, Garlinghouse talked about the volatility and the reason for the unstable price of cryptocurrencies.

He said that the long-term value of any cryptocurrency correlates with its utility to solve different problems. The most vital goal of any digital asset is its utility. Well said, Ripple head, we agree to your constructive conclusion, the utility is what that could determine each a cryptocurrency’s feat in the end.

For the latest cryptocurrency news, join our Telegram!

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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Bogomil Mihaylov on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Altcoins

TRON (TRX) Is Likely to Go Big in June

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

Continue Reading

Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

Continue Reading

Elite