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Ripple price might see a sharp rise again when new payment option spreads

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Ripple XRP

We all know, recently, Ripple had a significant price surge, making its value to increase more than 60% in a week. It has been speculated that the reason for the recent price surge was due to the upcoming launch of XRapid – a new means of payment that will help the transactions of financial industries.

However, there could be another price surge with Ripple after a new means of payment for content creators through a technology startup company called Coil gets declared.

It is necessary to note that Coil is a tech startup based in San Francisco, United States. A former Ripple executive founded the company. Coil has decided to benefit content creators through a means known as Web Monetization – a way in which websites can get paid using Interledger directly.

During the recent price surge, Ripple (XRP) value increased drastically and helped its market capitalization surpass that of Ethereum within 24 hours. Although, the current price of crypto is still below its all-time price.

At the press time, Ripple is trading above $0.53, with a market cap of $21 billion. The coin currently occupies the No.3 position according to market capitalization.

Platforms such as YouTube, Twitch, and Wikipedia have been incorporated into Coil’s platform, which means that viewers can now be able to donate XRP tokens to these platforms.

Through this, Coil will charge $5 monthly for subscribing to its service – but it currently is on invite only. Although, the platform is warming up to register users very soon.

Subsequently, Ripple’s former executive stated through a Medium post that:

For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web.”

He further added,

Others have created subscription services that bundle content. But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.”

Coil is set to be in stiff competition with web browser Brave and ChangeTip, being that both platforms offer the same services as Coil. But the only difference is, both of them do not make use of blockchain technology whereas Coil does.

Also, Sagar Sarbhai, the Middle East and Asia-Pacific regulatory relations head at Ripple, revealed to CNBC that xRapid would go live next month.

It is important to note that xRapid is one of Ripple’s products that will help XRP. xRapid will speed the money transactions with banks and other FinTech companies. That could also increase the price of XRP and increase mass adoption of Ripple blockchain.

Ripple’s community is happy with the increased rate of mass adoption from various notable financial companies. Marcus Treacher, Ripple’s the global head of strategic accounts, has laid more emphasis on Ripple’s mass adoption and stated,

RippleNet’s newest corridors have a combined potential market that totals over $2 Billion in inflows over the last year: InstaReM and RationalFX opened up new corridors from the United Kingdom to Malaysia, Vietnam, Indonesia, Sri Lanka, and Bangladesh. Remitr and FlitterWave established a RippleNet corridor to Nigeria from Canada, the first connection on RippleNet in Africa. BeeTech and InstaRem creators from Brazil to Spain, Italy, Germany, France, and Portugal.”

Conclusively, we shouldn’t be surprised if we see a drastic increase in the price of Ripple before the year closes.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by sutirta budiman on Unsplash

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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