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Reasons why this might be the year for Ripple (XRP) - Global Coin Report
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Reasons why this might be the year for Ripple (XRP)

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Ripple XRP 2018
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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.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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