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Ripple seeing substantial transformation in volumes and commercial models

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Ripple
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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