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

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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.

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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.

Photo by Josh Calabrese on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

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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…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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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…

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Altcoins

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

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IOTA
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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…

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