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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.

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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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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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