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Ripple threat: IBM launches the Stellar-powered cross-border payment platform



Ripple Stellar XLM

When it comes to speaking of cross-border payments, we all think immediately of Ripple, the company responsible for the creation of the third largest cryptocurrency of the market, XRP. Ripple has taken charge of developing the best solutions to improve cross-border transactions, and a proof of that is their products xCurrent and xRapid, the later one being the one that carries the XRP token to source liquidity for financial institutions.

Ripple has made great efforts to spread its products across the financial sector, but truth be told, this hasn’t been exactly a reality. In fact, many institutions have embraced xCurrent or xVia, but when it comes to adopting xRapid, it just seems like they are not that interested.

On the other, we all know Stellar (XLM) has some strong-ties tied with the tech giant IBM for many months now, and as it seems, everything is ready on their side to finally put a serious competition to Ripple’s products. Let’s find out how it goes.

IBM announcement

Just a couple of days ago, IBM announced the launch of a new project dubbed “World Wire”, a cross-border settelment platform that aims to revolutionize the financial world. The project was created in collaboration with Stellar, and it was known that the platform would use Stellar’s blockchain protocols to function.

It will mainly offer the same things Ripple was trying to with its solutions; fast transactions, the capacity of taking thousands of operations in seconds, and low costs. But the most significant difference is that IBM asseverates that 97 percent of its customers are financial institutions, or in other words, the most relevant bank entities in the world.

It was also mentioned in recent IBM announcement that IBM networks manage at least 90 percent of the total credit card settlements, so this actually represents an excellent opportunity for the crypto sector concerning adoption, and of course, Stellar (XLM) would be the primary beneficiary.

IBM declared that with the help of Stellar protocols, the company would be able to offer financial institutions a solution to settle the cross-border transactions in just a matter of seconds. The company stated that:

“faster payment processing (simultaneous clearing and settlement), lower costs, increased efficiency and simplified payment and asset type form of transaction” were about to become a reality.

It also added,

“With 97% of the world’s largest banks as clients of IBM there remains little doubt that their new flagship payments system won’t be heavily advertised to their existing customer and client base”.

The target of the payment platform will be Fintech, central banks, financial institutions, and cryptocurrencies as issued assets. The Stellar blockchain will play a vital role in the success of the project as it will help to transact with digital assets in the form of IOUs, which of course, will dispel the possibilities of counterparty risks.


With this new IBM collaboration, Stellar (XLM) appears as a crypto that we all need to look up for; it will surely hit the moon very soon. As for now, the crypto doesn’t show that much of an increase with a price of $0.223, and a  decrease in the price by 0.87 percent in the last 24 hours, according to Coinmarketcap. But things turned into ‘big surprises’ on either side is just a matter of time in the world of digital currencies, so stay tuned.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Nick Karvounis on Unsplash


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), 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 ( ), 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.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



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%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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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 ( 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.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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