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Ripple (XRP) on the verge of a ‘mega’ breakout - Global Coin Report
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Ripple (XRP) on the verge of a ‘mega’ breakout

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Ripple
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Ripple (XRP) is becoming one of the biggest digital assets in the crypto-sphere. The cryptocurrency itself has claimed center stage in the crypto industry due to the distinct strides that it has achieved so far. For instance, Ripple (XRP) gained partnership within the FinTech Industry and other prominent financial companies, and so far, there have been many great news and announcements about the cryptocurrency.

Even though the altcoin still faces the massive debate on whether it is a security or not, Ripple has not been bewildered; instead, it has launched further projects like the initiative of University blockchain and other exciting partnerships.

Ripple’s Partnership with the Kuwait Finance House (KFH)

According to Ripple’s CEO, Brad Garlinghouse, the sole aim of Ripple is to solve real-life problems. However, Ripple’s payment solutions have significantly influenced the Financial Industry today. With Ripple’s xVia, xCurrent, xRapid and XRP, SMEs and FinTechs now have better alternatives for speedy cross-border transactions.

Ripple’s recent partnership with Kuwait Finance House is not a big surprise due to the fact that Ripple’s blockchain technology offers fast daily transactions – KFH is the first bank in Kuwait to partner with Ripple.

Other prominent Ripple partnership

Another notable recent partnership is with InstaREM – the leading provider of digital cross-border payments in Asia, and BeeTech, a Sao Paulo based firm. Both companies announced their intentions to use the blockchain technology of Ripple to facilitate their payments.

According to Fernando Pavani, BeeTech CEO, Ripple gives its clients the,

ability to send payments and access new suppliers across more than 60 markets through xVia, or a simple API connection.”

On the other hand, InstaREM chief executive officer, Prajity Nanu stated that the partnership aims to permit,

European consumers to get what they want when they transfer money across borders: speed and the lowest possible rates.”

At the moment, Ripple is establishing other notable partnerships with its existing customers too. For instance, its existing partnership with American Express has fostered cross-border payments, thus, helping SMEs and other business to enjoy smooth and reliable daily transactions.

Together with ripple, the companies are working to address the problems their customers face with cross-border payments.”

This was according to a statement made by the Vice President of American Express, Colin O’ Flaherty, at the Money 20/20 FinTech conference.

Ripple’s Listing on Major Platforms

Major exchange platforms have listed ripple. However, Ripple’s listing on Apple’s stocks APP is a boost not only to the cryptocurrency but also to its community.

Besides Apple’s stocks App, Ripple also got listed on Revolut and Uphold. Revolut is one of the biggest digital banking accounts that permits users to perform P2P transactions. On the other hand, Uphold is a leading platform that offers more than 1000 trading pairs with different ways of buying digital assets.

Ripple’s (XRP) Hollywood Debut

The USD 4 million donations by Ashton Kutcher on Ellen DeGeneres’s Show has shown the world why Ripple’s payment solution is the future. It is also important to note that the donation was done in 15 seconds and it was a cross-border payment to Ellen’s Wildlife Fund in Rwanda. The transaction portrays how fast Ripple’s technology is.

UBRI (University’s Blockchain Initiative) by Ripple

Ripple’s 50 MILLION USD initiative of research and development with reputable institutions is another solution to global education that Ripple has embarked on. However, Ripple said in a PR (press release) of its goal to help and enhance academic innovation and research in blockchain technology, and cryptocurrency.

As it stands, Ripple has certainly gotten the attention of students in different universities. More so, these students are developing a great interest in the research as well as developmental features of blockchain tech.

Ripple’s current market analysis

Based on CoinMarketCap stats, Ripple was in green, and there was an increase in its price at $0.65 on June 9. Then, there was a dip in the price of the cryptocurrency to $0.55 on June 14. The crypto went on that price for quite some time before it further dipped to $0.47024.

Despite being in the red right now (if we talk about last seven days, the coin has increased in value by 2.30% in last 24 hours), Ripple (XRP) has continued to stay on course by establishing further developments and partnership with the Financial Industry.

Inordinate security debate of Ripple (XRP)

Despite Ripple’s consistent partnerships and solid plans, the ample debate on whether Ripple gets regulated as a currency or security by SEC still lingers.

The influence of defining the cryptocurrency is essential because if the crypto gets declared being not a security, it will not have to obey the same rules and regulations as other conventional stocks.

At the moment, Ripple is still faced with lawsuits based on the fact that XRP was categorized as the security. Nevertheless, even as the debate remains, Ripple has increased its pace by partnering with big financial companies, creating initiatives, and growing its blockchain technology. With these, the cryptocurrency is on the verge of a ‘mega’ breakout.

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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 Pxhere.com

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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