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:
- 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.
- 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.
- 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.
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
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