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Ripple (XRP) on the verge of a ‘mega’ breakout

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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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