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Ripple (XRP) and Bitcoin Cash (BCH) Now Available On The Revolut App and Wallet

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News reaching Global Coin Report, indicate that U.K Fintech startup, Revolut, listed Ripple (XRP) and Bitcoin Cash (BCH) on the App and Wallet on the 24th of May. In the announcement via the Revolut blog, the team was full of praise for both coins and cryptocurrencies in general. The team at Revolut had promised from last year, to add new cryptocurrencies constantly as part of their evolving services to users. XRP and BCH now join Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) on the wallet.

The team had this to say about the addition and cryptocurrencies in general:

“Last year, we promised to add new Cryptocurrencies to the Revolut app, so say hello to XRP and BCH. We have always believed that the world of Cryptocurrencies should be open and available to everyone, and not reserved for the tech-savvy and digital currency enthusiasts.

So, back in December, we launched a product that would allow millions of our customers to instantly buy, hold and sell Cryptocurrencies at the touch of a button. No exchanges. No private keys. No cold storage. Just instant exposure at your fingertips.”

The Revolut app is very versatile in that it also provides a pre-paid debit cards (Mastercard and VISA) as well as allowing for the transfer of funds across the globe in a peer to peer manner for all its users. One can send or receive traditional fiat as well as the cryptocurrencies mentioned above with majority of the services on the app being free.

Also to note is the availability of a ‘vault’ in the app where you can save or lock up your funds for a specific amount of time via a savings scheme. There is also a tracker for your spending on the app, allowing the Revolut app to enable you to have access to traditional banking services at your fingertips. No more going to the bank or waiting in the mail for your transaction history.

With respect to the newly added coins of XRP and BCH, the crypto-markets have shown some stability today with the total crypto market capitalization holding steady at $333 Billion. XRP is trading at $0.611 with BCH trading at $1,027 at the moment of writing this. But hopes are high that the market will recover in the coming week.

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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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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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