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Ripple receives the endorsement from RBC Capital Markets

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Ripple has always been identified more as a payment solution than as a cryptocurrency itself, and this is for sure one of the more widespread perceptions in the crypto world. As a matter of fact, the conception is not that far from reality considering the incredible efforts the company has made to fight in the remittance payment sector, an environment in which Ripple has managed to create the most solid relationships with many financial institutions from all around the world.

This time, the endorsement comes from nothing else than RBC Capital Markets, one of the most reputed financial institutions in the world.

RBC Capital Markets gave a recent declaration in which speaks about the payment solutions Ripple has, and how do they think Ripple provides an outstanding service that may help the entire sector to reduce the costs and increase the effectiveness of cross-border payments as we know right now. Let’s discover all of the facts behind the declarations of  RBC Capital Markets!

Reducing costs, the primary attribute of Ripple solutions

RBC Capital Markets recently declared that the remittance market has been ruled so far by traditional remittance firms such as Western Union, and bank entities from all around the world.

However, they said as well that it was remarkable how these solutions still have a lot of friction regarding transparency, costs, and effectiveness, and for them, that’s precisely where Ripple enters the picture to serve as a crucial piece of the puzzle.

It is to be acknowledged that the blockchain has brought new variables to the table that somehow are just new in the financial industry. We can talk like this about decentralization, incredibly high transparency in transactions processes, and of course, the most remarkable of them all, the elimination of the middleman as an essential part of a payment process.

With relation to this, Ripple has gathered all of the attributes that the blockchain offers, and have merged it all in each one of the solutions that the company provides.

RBC Capital Markets has stated Ripple offers one of the cheapest solutions when it comes to cross-border payments. The company said Ripple helps to reduce the costs of transactions, and not only that, but Ripple can also improve “transparency of Forex rates and fees, before the transaction is originated, and can reduce the cost per payment for financial institutions.”

In the detailed report that RBC Capital Markets published, the company highlights the importance of the open source Ripple has created, a P2P (peer to peer) decentralized protocol that is here to stay.

Ripple has joined forces with several bank institutions at the moment, and for that, they are offering xRapid, xCurrent, and their token XRP. The most important to mention in this sense is that Ripple provides its three solutions, and they give you the chance to select the one that suits better in accordance to your needs.

For instance, if what you’re looking for is to source liquidity, xRapid would be a perfect choice. The company said,

“banks can consolidate their liquidity into one XRP account instead of holding local currency in accounts around the world” and with this, they can “minimize the number of intermediaries.”

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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.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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