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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

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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