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Ripple is interested in ‘Investing in Blockchain’: Exec and Xpring SVP
When it comes to the role Ripple executes in the blockchain industry, we have it all cleared, the company dedicates to provide an incredibly better option for financial institutions to deploy cross-border payment transactions, one of the most obsolete processes as of now in the finance sector.
In this sense, the company has put an enormous effort into building the best solutions for the current problems in the area, and along with this, it has come up with three solutions that target specific issues of the industry. Like this, xCurrent, xVia, and xRapid, have been introduced to thousands of bank entities, including central banks.
And it is known that the three of them are currently used by several institutions such as Banco de Santander, American Express, Mastercard, and others. xCurrent is its most adopted solution right now with more than 100 institutions trying it out.
However, is Ripple settling with only being a payment solution? Well, as far as we can remember this has been pretty much the approach of the company for the entire time in the industry, but as it seems, this may change in the coming years.
Recently, a declaration by Ethan Beard (who is a member of Ripple and also the SVP of Xpring) was published, in which he states that Ripple may actually be interested in investing in the blockchain. Let’s discover the main reasoning behind this assumption.
Ripple Ethan Beard, SVP of Xpring, "Investing in Blockchain" pic.twitter.com/4LmDP7tyTS
— ???????????????? ???????????? (@BankXRP) October 3, 2018
Ripple’s own blockchain
In the recent declarations of Beard, he establishes that the main focus that Ripple has now is to create value. As it seems, the company is looking to increase the value of their cryptocurrency and also the value in general terms of their solutions. This way, one of the main figuring options for this is to invest in the blockchain, a fact of which Beard confirmed by saying:
“Blockchain is really good for money… and that’s what we are really focused on Ripple”
He also mentions in the interview that Ripple is interested as well in the future of the crypto world, or as he called it, “the next generation of financial products,” which he thinks is going to be lead by the blockchain and cryptocurrencies. He said:
“We are also very focused on interoperability, we think that there’s going to be lots and lots of blockchains in the future, and we don’t think people are going to be carrying thousands of wallets and have to go to some specific exchange and buy some specific tokens there”
Strategic Value Partners of Xpring further added,
“so we think by investing in the blockchain we actually have a chance in the future of gaining value and to compete in the market with the plenty of options existing.”
Conclusion
If Ripple invests more in its very own blockchain and doesn’t end up being the only commercial organization promoting its blockchain, we can all be sure that the value of XRP might shoot to the moon. Ripple has made a name in the finance sector only with the payment solutions that the company offers, so building blockchain services simultaneously can actually be a huge opportunity f growth for the firm. At the time of writing, the XRP token has a value of $0.5258 with a 4.57% decrease in the last 24 hours.
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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 TheDigitalArtist/Pixabay
Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.
The Singaporean ETF Market: Exponential Growth
The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics.
One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.
The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.
Regulatory Landscape and Investor Protection
The Monetary Authority of Singapore (MAS) is the…
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.
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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 to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…
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