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Ripple will surpass Bitcoin. Believes a finance pundit - Global Coin Report
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Ripple will surpass Bitcoin. Believes a finance pundit

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Ripple Bitcoin
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In a Twitter clip recently tweeted by a crypto influencer; Douglas Borthwick, managing director of the influential Chapdelaine FX, who often appears on networks such as CNBC and Bloomberg to discuss his thoughts on the markets, praised Ripple (XRP), even going so far as to claim that it might eventually overtake Bitcoin.

He elaborated that he believed many fiat currencies would be paired with Ripple in the forex market for a straightforward reason – the dollar requires a 2-day settlement while Ripple’s settlement is instant.

It’s this detail that he believes is a game-changer, and over the next five years, he believes that the Ripple will grow massively in value because of this real-world application, and because of the sheer size of the global markets.

Douglas even goes on to say that he believes that commodities will get paired with currencies, because of this advantage, that will lead to much faster and easier cross-border payments. He thinks that there is no competition considering the fact that Ripple can be settled “in seconds.”

In addition to this, bitcoin is continuously in headlines worldwide because countries are continually shifting their attitudes towards the cryptocurrency. That includes influential figures from all countries, whether they are bankers, politicians, or otherwise, giving their opinion as to whether the currency is a viable option, and whether it should be legalized or regulated in a certain way.

Borthwick points out that Ripple does not seem to have this issue whatsoever – and that in fact, it is supported by many banks and regulators, which already gives it an immense market advantage over bitcoin that cannot be overstated.

The clip is from a video uploaded by Modern Wall Street, and featured a roundtable discussion at Delmonico’s in New York featuring Jim Rickards, a respected American lawyer who has written extensively about finance, Stephen Guilfoyle, who boasts over 30 years of trading experience, David Williams, the founder and CEO of Williams Capital Advisors, and the aforementioned Douglas Borthwick.

In the clip featured on Twitter, Borthwick spoke on the fact that bitcoin was undergoing forks regardless of the fact that there is a finite amount of bitcoin, while Rickards added that the fact that bitcoin is finite shows that it is limited concerning the growth of global markets.

Considering that bitcoin has a market cap of over 100 billion dollars and Ripple’s market capitalization hovers below $20 billion; time will tell whether Ripple (XRP) will be able to surpass bitcoin in any meaningful fashion. Regardless, the real-world applications of Ripple are undeniable.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Jeff Griffith on Unsplash

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Why Blockchain Projects Keep Failing

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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

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Altcoins

STEEMIT Running Out Of STEAM?

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Steemit
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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees like…

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Altcoins

The Three Biggest Problems with Crypto

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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?

However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.

Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.

We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:

Scammers

Failed projects

Immature technology

Who hasn’t been scammed at least once?

The crypto community is overrun with scammers taking advantage of inexperienced and naive users. What’s more, scams don’t only occur on an individual level.…

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