Connect with us

Blogs

Reasons why this might be the year for Ripple (XRP)

Published

on

Ripple XRP 2018
READ LATER - DOWNLOAD THIS POST AS PDF

Ripple (XRP) has been characterized as being a cryptocurrency that is in the spotlight constantly. It has slowly become a very important coin because of its technology and astonishing features, and to say the least, this could definitely be the year for the crypto to hit never before seen performances.

As of today, the token is ranked as the number 3 by Coinmarketcap, with a value per coin of $0.55, and a total market capitalization of $21,908,093,615. The cryptocurrency has managed to deploy the most solid partnerships in the industry, being at the moment the only platform based on the blockchain being adopted by bank entities around the world.

Understandably, the expectations are certainly very positive around the likely results for the token. Here in this post, I’ll try to mention the most notable ones and the reasons why I believe Ripple (XRP) will conquer the world this year!

The answer to major problems of the financial industry

If there’s something to highlight about Ripple (XRP) that differentiates the coin from the rest of the cryptocurrencies is the solutions it offers regarding two of the main issues in the financial industry, the speed in transactions, and the fees charged per operation.

In this matter, Ripple has shown a very solid platform offering operations that last 3.3 seconds only (the time Ripple needs to complete a transaction, usually), and one of the lowest fees per transaction in the market ($0.0004 per operation).

Current listings of the coin

Ripple has managed to appear listed in several exchanges in the industry. In fact, it was recently added to the UK-based banking application Revolut. The same way, another UK-based LMAX Exchange recently listed the coin, a fact that increases, even more, the possibilities of Ripple to attract institutional investors, which is the target of the trading platform.

Additionally, the awaited and long-promoted SBI Virtual Currencies exchange, has decided to support the crypto, and if all goes as the CEO of SBI Holdings, Yashitaka Kitao forecasted, then it definitely represents a huge opportunity for the coin.

xRapid experiments

xRapid is the incredible solution Ripple has developed to treat liquidity issues in the industry. This cutting-edge product has been tested recently, showing astonishing results with respect to the reduction of costs and times in transactions.

This way, Ripple found a reduction from 40% to 70% in the cost of a transaction by just eliminating the middleman figure, and in addition, the previous time it took to transact (1-2 days), was reduced to 2-3 minutes.

Current and potential partnerships

The Islamic giant of the banking Kuwait Finance House announced a partnership with the Ripple (they will be using the platform’s RippleNet) just a couple of days ago on its Twitter account. The message on social network established:

This strategic alliance can definitely shoot Ripple (XRP) to the moon, as it represents a huge milestone being the first time the blockchain-based platform that is used in the region.

Furthermore, rumors have grown regarding the possibilities of Amazon adding Ripple (XRP) as a payment method to its platform very soon. Although none of this has been confirmed yet, we believe it is a possibility that may open the horizons for the coin even further.

So, Ripple’s ability to solve real problems of the financial sector, current listings, xRapid and strong partnerships, it all backs up the fact pretty well that 2018 could be the year for it. And yes, we are approaching the middle already, but the coin hasn’t done that bad so far either, and there still is time left for it to ‘dent’ the market positively.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pxhere.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite