Connect with us

Altcoins

Ripple cross-border transactions transparency is its tipping point, Cory Johnson

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

During the MI Global Summit anchored by the nonprofit, Milken Institute, Cory Johnson, Ripple’s executive talked on the recent strides of Ripple and the payment solutions for cross-border settlements. Mr. Johnson further spoke on how the cross-border solutions of Ripple are distinct from others.

We do know that SWIFT is one of the payment solutions that has existed for quite some time now and this payment medium hasn’t given the best. Ripple is in the quest to take over the world and have a large part of SWIFT business.

Ripple offers a great solution to cross-border payments, and Mr. Johnson has also emphasized during the MI Global Summit that Ripple is poised to solve the problems of cross-border payments and provide a faster solution where cross-border transactions can be received instantly.

Johnson further stated that we are in the world where texts can be sent to any place in the world and received within seconds. He said before now; it wasn’t possible to perform border transactions to any place in the world within seconds or even in 24 hours. Ripple Chief Marketing Strategist, Cory Johnson further added this:

As you know for all of the globalization that we have with our stuff and goods that gets shipped in containers all over the world and all the globalization of our data which is instantaneously moving all over the world at super low cost, we move money like it’s 1973 and that leg of globalization hasn’t happened.”

Mr. Johnson made it clear that Ripple offers a better means for FinTech companies wanting to transfer funds to anywhere in the world within few seconds.

Furthermore, he has also added that the world is beginning to embrace the change in cross-border payments. He also declared that Ripple’s solutions are getting adopted by major banks and other FinTech solutions around the world chronologically.

That is true as MoneyTap, one of the biggest payment platforms in Japan has adopted Ripple’s technology. It is important to know that more than 60 banks use MoneyTap in Japan – that means 80% of banks in the same country. We need to recall that the CEO of SBI stated earlier at the time when MoneyTap was to be unveiled that:

We are also considering using XRP for bridge currency in Money Tap.”

Other companies are now making use of Ripple’s technology, and Mr. Johnson said that its product is far ahead of other companies offering the same services and that the blockchain firm has the most significant client base in the crypto sphere.

As per Ripple Labs’ insiders, XRP will be launched very soon to cross-border booster payments. The company also said that xRapid would be launched too before the year closes and it is undergoing different tests from Cuallix and zipremit.

It is important to know that many speculations have been around that the news about the launch of xRapid caused Ripple’s surge last week. xRapid is an innovative means to foster business transactions of financial industries.

Mr. Johnson added that Ripple offers tangibility upon customer’s preference. He said that Ripple’s product is entirely unique from the one Swift offers. According to him, Swift only dispatches one type of messages and that the charges involved aren’t transparent enough.

The blockchain project’s customers are happy that Ripple is transparent on its cross-border transactions, which he believes was the turning point for consumers. And taking a look at the facts and reactions from community members, it won’t be wrong to agree to what the Ripple executive claims.

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

Photo by Josh Calabrese on Unsplash

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Can Libra help the crypto industry to reach new heights?

Published

on

Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
READ LATER - DOWNLOAD THIS POST AS PDF

The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

Continue Reading

Press Release