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Just In: Ripple partner Santander expands its reach using SWIFT GPI

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There is a lot of buzz around Ripple and SWIFT concerning a possible partnership. However, this buzz around them has become more intense as Ripple’s partner, Santander, partnered with SWIFT to launch its services in countries such as Argentina, Poland, Spain, and the United Kingdom. The announcement came in today. The Spanish banking giant also plans to expand its services to further countries in 2019.

It is also important to know that there are high anticipations that Ripple may announce a breathtaking announcement during the forthcoming SIBOS 2018 Conference which is held by SWIFT, and set to take place in Australia.

The event is slated to hold on the 22nd to 25th of October. The main reason for the speculation that Ripple and SWIFT will be partners is since many FinTech companies – including banks – are using SWIFT for global cross-border remittances, and on the other hand, Ripple’s technology is becoming predominant to aid cross-border payments.

As a result of the partnership between Santander and SWIFT, Ripple’s community now see the opportunity that there may be a probable connection between Ripple (XRP) and SWIFT. This can also be attributed to the fact that Santander itself is in close partnership with Ripple, as it created OpenFx, which runs on Ripple’s blockchain protocol.

Santander believes that its partnership with SWIFT will help it deliver “rapid and frictionless cross-border with fast payment tracking.”

Eva Bueno Velayos, the GTB Head of Santander in Spain stated this after the partnership with SWIFT:

For us, SWIFT gpi represents a good opportunity to improve the experience provided to our clients in their international payments, making the process faster and more transparent while simultaneously making our internal processes more efficient. We are looking forward to advancing in the following phases in order to achieve the best possible service in our payments offering.”

Subsequently, there have been lots of reactions in Ripple’s community: A tweet from SparrowHODL – a member of Ripple’s community says:

Straight from the horse’s mouth? Ok so I know there’s a lot of speculation floating around but when SWIFT themselves use a term like “RAPID” as well as the gpi going live with one of Ripple’s partners – the picture is becoming clearer. $xrp $btc #xrpthebase #xrpcommunity.”

Another possible fact for a SWIFT-Ripple partnership is the Temenos T24. It is important to know that Temenos has been in collaboration with SWIFT for FinTech companies. The same Temenos also partnered with Ripple in 2016, in which it listed Ripple as its GPI. And now, what Santander has done is going live on SWIFT GPI, GPI is a thing worth noting here. That means they can use a third-party to offer their services; Ripple could be that one in case of this here.

However, the main question that comes to the mind after Santander’s partnership with SWIFT is if Ripple will partner with SWIFT anytime soon. Or will both companies produce different great technologies for global remittances? Well, time will tell that. But, as things stand, we can expect an official announcement in a couple of weeks.

Ripple’s XRP Price Overview

The crypto-market isn’t in good shape as it is in a huge bearish trend. All cryptocurrencies are in the red. It is important to know that only one cryptocurrency in the top 50 is green, and that’s 0x (ZRX).

Bitcoin which was previously rallying around $6500 dipped to about $6,200, but at the time of writing, BTC is now sustaining at $6,287 after it lost more than 4% of its value in the last 24-hours. On the other hand, Ripple was also caught on the bearish trend and has lost 11.40% of its value. At the time of writing, XRP is priced at $0.4117.

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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.

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The Pros and Cons of an Ethereum Casino

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Keeping an eye on the price isn’t the only way to see your Ethereum wealth grow. With Ethereum betting, those who enjoy the online casino can experience even more cryptocurrency excitement. Here are the pros and cons of doing exactly that.

Pro: Faster Than Bitcoin

What’s better than winning a bet? Getting the money instantly. And while BTC transactions are still far and away faster than centralized currencies, ETH puts it to shame. As in twelve seconds per transaction versus ten minutes per Bitcoin transaction. That’s not even close!

Pro: Unrivalled Privacy

Ethereum’s privacy level is downright exceptional. For players who don’t like their online gaming on display for unwanted eyes, cryptocurrency, in general, solves that issue, and Ethereum more so than the rest. While most legitimate online casinos require basic information for their security and the safety of their players, the amounts you win from Ethereum gambling can’t be scrutinized.

Con: Inconsistent Transaction Fees

One of the biggest benefits of cryptocurrency gambling is the lack of extra costs. And with currency exchanges and banking fees, centralized currency can take a big chunk of your winnings. That’s why Bitcoin is such a popular choice for online casino players – with a fixed fee, you won’t be hit with something substantial because you received a huge payout. But such is not the case with Ethereum betting, where the more you’re…

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Buttrfly Pioneers Influencer Marketing on the EOS Blockchain at Art Basel 2018

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Buttrfly achieved a major milestone at Art Basel Miami 2018 by inaugurating a live test of its decentralized application (DApp). It is believed that this is the first ever influencer marketing campaign to utilize the EOS Blockchain. Buttrfly’s proprietary platform utilizes smart contracts to automate the contracting, verification, and payment settlement processes for influencer marketing.

The Fly App created an Instagram campaign that was broadcasted by Michael Terpin, a blockchain industry thought leader, and influencer Naeem Al-Obiadi, CEO of Traders Profit Club. Buttrfly enabled the creation, verification, and automatic settlement of the campaign, and concluded with payment in EOS tokens to both Mr. Terpin and Mr. Al-Obiadi.  The campaign was designed to promote the Fly App party at the world famous Nikki Beach Club in Miami on Saturday, December 8, 2018. Buttrfly used the EOS Testnet for the campaign, details of which can be seen here.

Jim Sellers, Co-Founder/CEO of Buttrfly stated, “I am excited to introduce Buttrfly’s proprietary platform on the world stage, and believe that Art Basel was the perfect venue to unveil the future of Influencer Marketing as it is at the nexus of Influence, Art, and Technology.”

Nathan Chandra, Co-Founder/CSO went on to add “To successfully pay an influencer in real time in EOS to post on their Instagram profile is a huge accomplishment for both Buttrfly and the Influencer Marketing Industry.”

“The…

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FOTON Bank Is Launching An All-in-One Crypto Banking Service to Process up to 500 Transactions per Second

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The decentralized FOTON project is launching its next-generation crypto-bank ecosystem to stimulate and facilitate the use of cryptocurrency payments worldwide, as stated in the official press release published by the company.

The statement issued by the FOTON project on December 3, referred to the launch of a decentralized crypto-bank designed for multi-currency transactions featuring a built-in fiat and cryptocurrency exchange system and instant contactless payments for goods and services worldwide. The system is intended to become a stable and flexible ecosystem that will enhance scalability for services related to financial assets, exchange solutions, cards, accounting, and business/customer services.

The technology being employed in the design of the ecosystem was specifically created to tackle some of the most critical issues facing the modern banking system, as well as the widespread adoption and application of cryptocurrencies in routine business transactions. The issues the FOTON project’s ecosystem seeks to solve include overregulation, bureaucracy, centralization, system faults, volatility, legal constraints and complications related to practical use.

We are creating the ecosystem that will prove to be the impetus and basis the crypto market needs to make the effective transition to becoming the next global banking system,” as stated by Andrey Pashkevich, CEO and Co-founder of FOTON.

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