Connect with us

Altcoins

Ripple receives the endorsement from RBC Capital Markets

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

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.”

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.

Image courtesy of Flickr.com

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

Published

on

CryptoDungeons
READ LATER - DOWNLOAD THIS POST AS PDF

According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

Continue Reading

Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

Published

on

VeChain
READ LATER - DOWNLOAD THIS POST AS PDF

As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

Continue Reading

Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

Published

on

Solve.Care
READ LATER - DOWNLOAD THIS POST AS PDF

A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

Continue Reading

Elite