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

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Ripple XRP
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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