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Is an alliance between Ripple and Stellar (XLM) in the works?

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Ripple Stellar
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Neutral observers in the cryptosphere have been writing over the last few weeks a lot about Ripple and its native token XRP. It’s one of the very few digital assets that have been somewhat stable in price over the last couple of weeks. Following the current market trend, it’s trading in the red by friction (down by 1.27% over the previous 24 hours) as the cryptocurrency stands at $0.492593 at the time we write this.

It also happens that Ripple keeps announcing new strategic partnerships and new use cases that it had previously not cultivated very much. New banks and remittance services all over the world are adopting Ripple’s platforms and currency to settle payments internally, and more and more businesses are adopting it as a means of payment. On top of all that, XRP’s market capitalization has been growing steadily (it’s now at $17,632,270,393), so it has punched Ethereum out of the second place already.

When you put all of that together, it would seem that XRP is ready to be the first digital asset that will break out of the current (and prolonged) bearish run and that it will happen soon. The technical market analysis seems to support this idea, but we won’t go into all the details in this article.

The alleged Ripple Stellar partnership

So, a funny (and unexpected) thing happened, not too long ago. Jed McCaleb’s XRP wallet received 40 million XRP tokens, and nobody knows who sent him or why. The transaction could seem irrelevant, but there’s a reason for the cryptoverse to pay attention to it.

Jed McCaleb is Ripple’s founder, but he left a few years ago to create a new blockchain project called Stellar Lumens (XLM). That’s where he works now, and Stellar is considered to be Ripple’s main and most direct competitor in the crypto space because they are trying to gain adoption in many of the same markets, mainly in the financial sector.

So rumors are spreading. Was Ripple behind that almost 20 million dollar payment to its former boss? Or are Ripple and Stellar Lumens trying to come out with a strategic alliance?

Alliances between rivals are not unheard of in the business world. True, they tend to fail miserably, but when they work, they’re unbeatable. Perhaps the most famous example of such a partnership was the one between Bill Gates and Steve Jobs, who were famous back then for hating each other’s guts passionately.

They both ignored their personal problems, and Bill Gates bailed Apple out of very serious financial problems while making sure that Microsoft would remain the most important software company for Apple computers, as well as Windows. It worked. Apple would have probably disappeared without Microsoft’s help at that critical juncture.

Is this what is happening now for Ripple and Stellar Lumens? Short of an official joint announcement from both institutions, it’s just impossible to know. Stellar Lumens already has a strategic partnership with IBM while Ripple has remained mainly independent.

An alliance would allow both projects to access new markets that have remained closed so far; it would give them political clout, lower costs, share their technology and make things easier for all their partners. So it could be very tantalizing because everybody involved would have something to win. But are they going for it?

All we can say for now is that a few interesting signs are appearing that would seem to suggest it could happen; maybe it’s already in the works. But to find out, you’ll have to keep coming to our website and keep reading our news.

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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 Pixabay.

Altcoins

MobileGo (MGO) – An Internet Gaming Pioneer

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Although I love trading cryptocurrencies as much as anyone, I’m far more interested in analyzing the impact that blockchain technology can have on the business landscape.  After all, blockchain’s potential was the main catalyst behind the surge in trading volume last year.  While many industries will be forever changed through blockchain applications, the gaming industry will be the focus of this article.

The first thing my parents would think of upon hearing the word “gaming” is Nintendo.  And while video games do make up a considerable percentage of gaming sales, the industry has grown far beyond that.  Several years ago, ESPN aired an episode of E:60 that went inside the world of professional video game competitions.  One team, Dota2, was on a quest for a piece of an $18.4 million tournament prize pool.  Yes, $18.4 million for people who play games.  Since then, the industry has grown beyond anyone’s wildest imagination.  And one company, MobileGo, appears to be taking full advantage of that opportunity.

MobileGo’s MGO token is an Ethereum based ERC223 token that was developed to usher in a new era in the world of internet gaming.  The company’s main goal is to turn MGO into the world’s leading currency for the more than 2.6 billion gamers that currently exist.  It is expected that mass adoption will occur as game developers continue to grow their…

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The Three Biggest Problems with Crypto

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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?

However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.

Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.

We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:

Scammers

Failed projects

Immature technology

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An In-depth Review of the New SuchApp Messaging App

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SuchApp has launched and with that comes the next generation of a multi-functioning messaging app which will open doors to targeted communication with individuals and groups. There is unlimited potential in business growth and advertising as well as interactive campaigns and communication with a broad audience.

Join A Group
There is a growing list of groups being developed by leaders and influencers who see the potential for targeted growth in their sectors. Retail and Commercial business owners want to be where the people are, and SuchApp has diverse functionality to reach a global marketplace. What’s more, SuchApp offers uncapped groups, meaning an you have the ability to communicate and network with an unlimited number of people in your target groups.

There are three different types of groups: private, open and secure. What differentiates between them is the ability to keep it open to the public, be invite-only, or launch secure closed groups.

One of our popular open groups is Dogs. Small businesses are beginning to promote their products or services. Large businesses can share their latest sales. The Dogs group invites dog lovers, groomers, pet supply businesses, veterinarians, dog sitters. Like-minded people can find a local dog park and hang out.

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