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
— 𝗕𝗮𝗻𝗸 𝑿𝑹𝑷 (@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.”
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
VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
Is it legal to gamble in Bitcoin casino?
Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.
Key facts on Legality in Bitcoin casinos
Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.
The necessity of Gambling License for Bitcoin casinos
In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.
There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…
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