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Ripple seeing substantial transformation in volumes and commercial models

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Ripple has achieved a lot this year; as a result, there have been lots of publications about how it has performed.  The cryptocurrency has shown that it has great utilities. Marcus Treacher, the Strategic Accounts Global Head of the blockchain project, took to Twitter today to affirm they are seeing a transformation in volumes and commercial models as their customers keep embedding Ripple blockchain technology.

During a recent interview given to Bloomberg in Singapore, Brad Garlinghouse, Ripple’s CEO, stated that XRP can be counted among the best digital assets of 2018 (it was the most profitable last year). The CEO anchored this declaration based on how his blockchain has been able to solve critical problems involving cross-border financial settlements and other relevant difficulties encountered in global transactions.

It is important to know that the advent of Brad-led blockchain project some years back, conveyed major doubts on its ability to thrive when cryptocurrencies such as Bitcoin exists. It was created to solve remittances and other related issues and the company, Ripple Lab Inc., is poised in making sure banks and other financial institutions get an easy method to transfer funds at a low cost.

It is a blockchain platform that will always have a big relevance to the world even though Bitcoin is often regarded as the major player in the crypto sphere. It is a blockchain platform controlled by Ripple Lab Inc., while XRP is its token for major transactions.

Back to Brad Garlinghouse interview on Bloomberg. Garlinghouse showed remarkable signs of confidence in his statements on what his company has achieved. He said,

Just last week, we saw a remittance company who is using Ripple’s technology, they reduced the price per transaction to their customers from $20 to $2 per transaction and they saw an 800% in usage overnight.”

Following Brad’s statement on Bloomberg, Ripple’s community didn’t fail to acknowledge that the current stride will open new doors for the project.

Later on the interview, Garlinghouse was asked why he thinks his company is better than the counterparts, he replied:

Ripple is a notable company and its token, XRP, is valuable due to the fact that it solves real-life problems. Ripple is poised to solve problems on global remittances and cross-border payments and it undoubtedly vends its technologies to financial institutions”

Garlinghouse continued,

“This is a liaison that has produced a lot of hysteria, but when we separate that from reality, you will see that they are some digressions. Ripple has outperformed its counterparts today because it is poised to solve real problems.”

The blockchain firm helps financial institutions with seamless cross-border transactions through its technologies (the three products): xCurrent, xVia, and xRapid. When asked what will be the driving force to Ripple’s value next year, Garlinghouse answered stating,

more institutions are patronizing Ripple’s blockchain, just like a payment company that has been recently launched. Individuals are making use of Ripple’s technologies, which are more efficient and of great value.”

Garlinghouse was also asked if there will be any form of collaboration between his company and SWIFT, he emphasized that SWIFT is maintained by financial institutions and that Ripple is poised to help these financial institutions with its technology. The CEO hinted his intends to take over SWIFT rather than partnering with it.

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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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Enhancing the DigitalBits Ecosystem through the XDB Foundation

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The DigitalBits ecosystem welcomed a new benefactor in the form of the XDB Foundation, a non-profit organization dedicated to providing support for DigitalBits. The main objectives of the XDB Foundation include the DigitalBits Ecosystem Support Program, supplying both financial and non-financial assistance to qualified entities and projects within the DigitalBits community, with a focus towards innovation and speeding ecosystem growth.

Michael Gord, MLG Blockchain and GDA Capital founder, has been appointed to the role of Managing Director of the XDB Foundation.  “I am excited to see the launch of the XDB Foundation and to be joining the DigitalBits ecosystem in this new capacity,” says Gord. “In the coming weeks, the XDB Foundation will share additional updates regarding its key initiatives.  Over the past 2 years, we have seen DigitalBits achieve various milestones and with this next chapter I’m excited to see the XDB Foundation contribute as the new project lead supporting education, research and development, and ecosystem growth and adoption.”

Michael Gord’s first initiatives within blockchain started with establishing the McGill Students’ Cryptocurrency Club, McGill Students’ Fintech Association, Bitcoin Canada and providing leadership on the global expansion of the Blockchain Education Network.  Notably, he is also a key contributor to the Kerala Blockchain…

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As Global Tensions Grow, Bitcoin Price May Go Higher

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to…

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Bityard Review: The simplest crypto exchange for novices

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Bityard review
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The cryptocurrency industry continues to grow, and as the adoption pushes forward, there are more and more newcomers who are interested in joining it. However, there is also a problem with their lack of experience, as the majority of existing exchanges tend to target experienced traders.

Professional traders and institutions usually work with greater amounts of money, which is attractive to exchanges, Of course, there is nothing wrong with that, but it does leave a void in the crypto industry — a lack of novice-friendly exchanges for beginners.

This is where Bityard comes in.

What Is Bityard?

Bityard is a cryptocurrency exchange headquartered in Singapore. It is a novice-friendly platform that aims to bring the ultimate simplified trading experience to its customers.

It does this by adhering to the product concept of ‘Complex Contracts Simple Trade.’ 

The company is taking this approach exactly due to the previously mentioned issues. Its main competitors — exchanges like BitMEX, Deribit, or Bybit —tend to focus on professionalism and complexity. As such, they tend to attract users who seek out advanced trading capabilities, tools, and alike.

Bityard, on the other hand, aims to offer its own services to newcomers to the crypto industry — those who lack experience in their first days within the…

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