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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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