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Here is how Ripple’s solutions can help Amazon to reach the next level

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Ripple XRP
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You think Amazon has become so big that it does not need any other company’s tech to keep growing? Think again. If the tech is as advantageous as Ripple’s XRP and other solutions, then why not. Here in this post, I’ll try to explain why Ripple’s technology would be the best option for giants like Amazon to reach the next level.

So, in recent times, everyone in the cryptosphere seems to be so worried about the conditions of the market that inevitably many of the holders are starting to succumb to the generalized pressure, and are selling their holdings to protect their investments.

In this sense, for the one part, it results in a very comprehensible action, it just doesn’t seem like the takeoff is at the back of the corner. But on the other, it looks as well like many of the enthusiasts and investors are simply forgetting the normal behavior of the sector, and how we tend to go from the very bottom to a massive peak in a matter of time.

In relation to this, some of the most important figures in the crypto world have shared their thoughts in an attempt to calm the masses. For instance, the CEO of IOHK and co-founder of Cardano (ADA), Charles Hoskinson, recently stated that this is not something new, he said that,

“we’ve been here before,” and as we did before we will manage to take control of the market one more time, we just need to remember that is not that big a deal, “everything’s fine.”

Following the line of being calmed, one may think this is actually the best time to think of the possibilities that many cryptos have, and the help they can provide to the whole market. For instance, Ripple’s XRP, which has the potential for adoption by giant platforms like Amazon could give a quick upturn to the current scenarios. Let’s see how.

What Ripple has to offer

Rumors of a likely adoption of Ripple’s XRP by giants companies are actually not that new. In fact, at the end of last year, it was commented already that Amazon could be adding XRP as a payment solution on their platform, which in case of happening would certainly be great news for the crypto world. But what does Ripple have to offer that may be of interest for Amazon and other tech giants? Here we enlist a few characteristics:

  1. Transaction speed and cost: Ripple’s XRP has proven to be very trustable crypto while making a transaction. In fact, it takes only 3.3 seconds for Ripple’s platform to make a transaction, and when it comes to costs, it is by far one of the cheapest solutions in the cryptosphere with a fee per transaction of only $0.0004, which undoubtedly would be characteristic of interest for Amazon.
  2. Business relations: Ripple has established the most solid partnerships all across the globe, and the best of all is that it has engaged with thousands of banking institutions, creating like this a link between virtual currencies and the regular financial system. Also, the crypto possesses a large number of prominent endorsements already, such as the ones of MasterCard, American Express, Banco de Santander, Western Union, and others; and this, to say the least, is for sure something that would represent a huge benefit for a company like Amazon.
  3. Accountability: Putting aside the current conditions of the market, Ripple’s XRP has always characterized for being one of the top 3 cryptos with the lowest value per coin, which, of course, represents a huge advantage if we take into consideration how would it be the conversion from crypto to fiat money on the Amazon’s platform.

Conclusion

There isn’t a doubt that when it comes to considering a crypto to help Amazon to go further, XRP is the best option. However, some pieces of stuff should be considered as well to think of this as an actual possibility.

For instance, the integration of XRP in each one of the Ripple’s solution could be an essential step towards a broader acceptance, and on the other hand, the adoption on important exchanges such as Binance and Coinbase could also be of use.

Concerning Coinbase, many things still need to be resolved before this becomes a reality, but when we talk about Binance, the possibility is way closer. In fact, Wiss Ratings recently declared that they “think that the #XRP is the fastest digital asset to transfer funds between exchanges.” A message they concluded by saying that “It only makes sense for #Binance to use it as the base #currency.”

We can all be sure that great things are coming shortly. Will Ripple’s XRP be used on Amazon platform? Stay tuned. We all may be surprised.

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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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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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