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Ripple for the future: Visa transactions speed outclassed by XRP

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Ripple (XRP) developments and news have been everywhere for the past days (rather months). The most interesting of all, however, is the fact that Ripple is moving in the direction of becoming one for the future.

XRP’s transaction rate has beaten what can be seen as a landmark that of Visa. In fact, the XRP processing speed is ahead by half – talking of 50,000 transactions per sec for XRP to 24,000 transactions/sec of VISA.

If by any chance you may have doubts about this information; it is public on both Visa and Ripple (XRP) websites. Hence it is safe to say XRP has surpassed visa in that particular section.

In fact, the recent COBALT updates have been the reason behind the increasing gap between Ripple and many other competitors. Another factor for this scenario is the increase in the transaction capacity that has excellent decentralization improvements.

As things stand at the moment, it seems even banks are looking to cooperate XRP-Ripple features into their system is on the rise. Indeed, as the XRP’s speed twice faster than Visa (one of the biggest transaction processor), banks won’t mind shifting to a faster solution for good!

Consequently, the present number of institutions about to implement this tech is at 100+ but we expect that number even to double. Speaking on the matter in an interview, Ripple CEO, Brad Garlinghouse, added that a lot of banks have agreed with the Ripple system and that there were already many announcements on the matter that the firm won’t declare more adoption by banks until the number hits the double (200).

Any difference between XRP alt-coin and Ripple company?

It is important to note that there exists a difference between the XRP alt-coin and the Ripple company. In short, Ripple is a financial transaction company running its business internationally while its owners maintain most of XRP alt-coin businesswise.

Simply to ensure sufficient XRP for financial institutions that it works with so that they can carry fiat-to-fiat conversions (cross-border) or other related XRP transactions.

Many may consider the company a flake due to the fact that it holds a specific number of XRP, but then an average investor can consider it a good choice as the tokens circulating are reduced. Now you can look at BTC and see the number of unconfirmed transactions – that can take a while after all, but when exclusively on XRP this biblical waiting times comes to an end.

That leaves the big question, is Ripple the real deal for the future? Of course, only the time will tell. But, undoubtedly, speed is of utmost importance in financial transactions – so, Ripple’s speed can certainly clear the company’s way towards becoming leading financial transaction firm globally.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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 frankieleon via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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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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Altcoins

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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