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)
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
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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