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Recap: Ripple and Santander connect to Apple Pay and use Touch ID

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Not too long ago, Banco Santander’s UK branch has released new publicity in which it boasts about its strategic alliance with Ripple. The picture says that international transfers are now done over blockchain technology (from 10 to 10,000 pounds) and that it connects to Apple Pay and uses Touch ID. It also explains that time and cost are “drastically reduced” and that new types of transactions around the globe are enabled through Ripple. This is huge.

Banco Santander is not a Wall Street or a Swiss bank. It’s Spanish, so it’s not considered to be among the classic clique of the world’s banks. That being said, it’s huge. It has a presence all over the world, and it’s considered to be the best bank on the planet as of now. That’s just context.

More important is that Santander is using Ripple’s technology in production. Many banks (more than a hundred) around the world have announced an intention to use Ripple’s blockchain and software to process their international payments, but they are not committed.

They’re adopting the technology in tests in order to find out if it really suits them, and can be easily integrated into their current services. Not so with Santander. Santander is in the Ripple wagon 100% and it’s already experiencing the benefits.

For crypto enthusiasts (especially Ripple fans) this is very significative news. Every transaction performed by Santander on behalf of its costumers over the Ripple blockchain creates demand for XRP. This drives the price up. Just remember that in the current horribly bearish market we’ve seen for nearly a year now (with the three last weeks being truly bloody) Ripple’s XRP has been the coin that’s performed the best.

Yes, it’s lost value too. But everybody is losing value, and Ripple’s red numbers are in the one-digit region, while everybody else’s is in two numbers. Let’s put it in words anybody can understand: over the last couple of weeks, XRP has outperformed everybody, including Bitcoin. It even became the second largest digital asset by market capitalization. This resilience comes, in part, because of Santander’s use of XRP to settle international payments.

Let’s review this partnership’s history briefly.

Last March, both Ripple Labs and Banco Santander announced that the Spanish giant was experimenting with several of the RippleNet liquidity products and creating pilot programs based on Ripple’s blockchain. This made Santander notice the levels of certainty, transparency, speed and low cost that are just impossible using the traditional financial tools.

Ed Metzger, Santander’s innovation head talked at Swell (Ripple’s yearly conference) about the way in which the bank will use Ripple’s xCurrent to improve their customer’s experience. He noted,

“We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.”

What is OnePay FX, I hear you ask? It’s a mobile app developed by Santander, deployed for its customers, that went online last October 2nd. It was initially available in Spain, Brazil, the UK, and Poland. Mr. Metzger explained further that the app allows customers to process international transactions seamlessly, quickly, cheaply and easily.

Metzger added that,

“One of our customers was in Italy on holiday and parked in the wrong place. He needed to pay a fine and didn’t have his banking card. He was able to use the app to immediately pay the fine, and stop his car from being towed away. It’s four or five clicks to do something that would have taken an awful, awful long time in the past.”

While many of Ripple’s impressive strategic partnerships are still in the test stages, some of them are already working real-time in the real world. Santander is the poster boy in this context. It’s validating Ripple’s products and tokens. So don’t hate Ripple. It’s making crypto useful to people who don’t even know they’re using it. This is why XRP has stayed stable in the current market debacle, and that’s why it will stay so in the future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Flickr.

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Revealed: The Mental Skills Required to Be a Successful Trader

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The world of financial trading, be it investing in cryptocurrencies on the market or trading stocks, can be an unforgiving one. Only the very best are able to rise to the top and turn their trading regimen into a seven-figure income, meaning that total dedication to your craft is a prerequisite. Ask any successful trader, and they’ll tell you that having the right mindset is the key to success.

A clear mind with laser-sharp focus and serious endurance will be able to see the bigger picture, spot the most profitable trades, keep track of the market, reduce risk, and compete with the best of the Wall Street pros. In many ways, successful trading is a lot like being a successful poker player.

You need to be able to play the long game, make the most of your luck, and know exactly when to strike to become a high roller. All of these require a strong arsenal of mental skills. Here are the mental skills you need to build in order to become a successful trader.

Source: Pixabay 

Caption: Successful trading in the financial market requires mental strength, resilience, and endurance. 

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Why is Crypto Futures Trading So Easy Today?

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-One-on-one interview with CEO of BEX500

Bitcoin futures trading is the most efficient way to engage yourself in bitcoin market without having to acknowledge the ownership and storage responsibilities.

Some users say, crypto futures trading has never been easier with BEX500 exchange.

Can we trust BEX500 with our bitcoin? Today, we invited Anna Myshustina (Anna), CEO of BEX500 to dig more into that.

Q: hey, Anna, thank you for joining us. You were a successful trader in futures and options, what motivated your innovation in crypto industry?

Anna: My pleasure. I have been in derivatives for 8 years. As a trader, I found many crypto futures exchanges too complicated for beginners, but not efficient for the experienced.

So, we’d like to make a change. We are the first crypto exchange to introduce [ONE Account for Live & Demo]. You can login https://www.bex500.com and register for once and for all, and it will be for both live & demo trading.

While, traders in other competitors are still forced to login live and demo with 2 different accounts in 2 addresses for “live” and “testnet”.

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Cryptocurrency, Online Gambling, and Regulation: One of the Three Can’t Stay

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To say that cryptocurrency is disrupting the world of technology and finance is an understatement. Ever since they arrived on the scene in 2009, they’ve been geared toward forever changing the fintech landscape for good.

One of the main reasons the technology proved to be so revolutionary was blockchain — the backbone of most cryptocurrencies. Blockchain is the digital ledger that provides full transparency and immutability of data, all the while eschewing any kind of third-party authority meddling. These attributes can lend themselves quite handily in a whole series of industries.

But increasing regulation of cryptocurrency may lead to it no longer proving useful to particular niches. One of these endangered industries is online gambling, which could suffer tremendously from heavily regulated cryptos.

How Cryptocurrency Helps Online Gambling

Online gambling happens to be one of many that would (and does) benefit from integrating cryptocurrency. Gambling happens to be illegal in many countries, and the people there cannot access online gambling either, even though it specifically remains unaddressed by most legislation. They had no channels with which to finance casinos they wish to play in, seeing that banks or other financial services don’t want to interfere when there’s a chance of legal repercussions.

But cryptocurrency enabled casinos to accept players that had no alternative with which to engage…

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