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Ripple XRP is on the verge to change the world, here is why

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Ripple XRP
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The market has had its ups and downs and lots of cryptos at the moment are trying to keep up. However, many investors are hoping that in the second half of the year, things will change – hopefully, it would!

Taking a look at the bigger picture, we need to focus on what is going on with Ripple (XRP) and what the future hold for Ripple and blockchain technology. It is important to know that we really are at something big and a lot is coming from Ripple (XRP) for its investors.

Moving forward, there has been a lot about Ripple lately – issues about security and being regulated still lingers on. Besides that, we need to focus on the primary aim of Ripple – which is to change the world.

Taking a look at Amazon, Amazon was created to become a platform where trades can be possible much faster. They are lots of similarities between Amazon back then and Ripple now. Amazon wanted to make the best shopping experience that is better and faster than the rest.

Jeff Bezos, the CEO of Amazon, stated his aim of making customers have a better and quicker experience. He also stated his goal to make a delivery option due to the fact that this was what customers wanted. Surely, Bezos has achieved this, and he has made Amazon a top platform today.

On the other hand, Ripple has the same vision to create a better value for customers. The cryptocurrency is creating a better value by enhancing cross-border payments all over the world.  Today, the transfer of funds from one place to another is not instantaneous, and this is what Ripple is aiming to change. Every customer wants speed, efficiency, and security when transactions are made.

Furthermore, Ripple is aiming to solve real-life problems, and they are inventive by offering a solution to real-life problems through its xRapid. Ripple’s xRapid will use its token, XRP, to achieve this feat.

Back to Amazon, Amazon never had a speedy start during the time it was created. Bezos needed to have about a million dollar investment at that time and to achieve this; he needed to part 20% of the company to 20 people that invested with $50,000 each. These set of people believed in Amazon’s technology, and today, they have made huge profits.

Concerning Ripple, it is necessary that investors think long-term when they invest in Ripple – like the people that invested on Amazon. Ripple is thinking long-term, and it is on the path to becoming one of the best cryptocurrencies in the world.

It is important to know that now is the best time to invest in Ripple (XRP). Ripple is not just a crypto, but a team with a cryptocurrency with a futuristic goal to change the world as we know about it thus far. Ripple is not complacent, and it is collaborating with top financial companies all over the world. They are inventive in their technologies and as stated earlier, the best time to invest is now, and become part of Ripple’s growth in the future.

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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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Blogs

How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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