Ripple follows Cardano's footsteps as it enters Africa - Global Coin Report
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Ripple follows Cardano’s footsteps as it enters Africa

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Ripple
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Not just in relation to Ripple (XRP), all in all, Africa is rarely in the crypto world news. China, Korea, and the US tend to get all the headlines. The fact remains that Africa is one of the world’s regions in which the blockchain has penetrated more into the mainstream because of the continent’s lack of financial institutions as widespread as Europe, Asia, or the Americas. Cardano is a good example.

It’s considered to be the world’s leading project when it comes to third generation blockchain, and it’s been looking to penetrate African markets instead of Europe, Asia or the Americas. In other words: Africa is a very important geopolitically for crypto because at night a candle’s brighter than the sun.

It seems Ripple has seen the writing on the African wall because it’s going for it.

Because of all this darkness surrounding Africa, you probably have never heard about Flutterwave. It’s a company that aims to provide a unified payment solution for the whole African continent in such a way that it can be connected with the world.

The firm has more than 50 African banks as partners, and they process payments for other companies as important as Booking or Uber. It’s been around for two years only, and in that short period, it’s managed to become a huge payments hub in Africa.

And now, Flutterwave has announced it is joining the Ripple Net. That is the network of financial institutions all over the world that are using Ripple’s blockchain and software platforms designed to transfer money internationally quickly, safely and incredibly cheaply.

So far Ripple’s primary emphasis has been focused on Asia and Europe (Banco Santander, for instance, is already settling international payments using Ripple’s technology). While it already had a few partners in Africa, Flutterwave is a massive step because it’s used directly by lots of banks, and indirectly by lots of customers (such as Uber users) so this will create a lot more demand and trade volume for the XRP token.

Flutterwave is going to adopt xCurrent, to be specific. This is one of Ripple’s financial solutions which aims to help banks, remittance services, and financial institutions to perform international payments (even at the micro level).

This is more good news for Ripple in a year in which it’s had lots of great news, even if the price and the market have remained bearish. Ripple’s XRP (the native crypto asset of the Ripple company) currently stands at $0.46 per token, and it’s been getting close to take over Ethereum as the world’s second-biggest currency by market capitalization (in fact, it’s been momentarily over ETH several times over the last couple of weeks). This kind of news can only make things better for Ripple.

Let’s remember something: At this point, most of the fluctuations in the crypto market are due to speculative pressure more than to supply and demand issues. Coins like Ripple’s XRP (or Stellar, Cardano, Tron) are looking for ways to achieve mainstream adoption through usefulness. This will change the game in the market because, as these projects get adoption, they will become useful in real-world terms.

That is the thing that will create demand for their tokens, and the demand will make prices go up because of usefulness instead of speculation. This is the mechanism that will turn cryptocurrencies into actual money, and Ripple is leading the way.

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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.

Image courtesy of Kolibri5/Pixabay

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore
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Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic
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CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

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