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Ripple’s XRP fully arrives at Bitrue, and it does with a bang

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Ripple XRP

XRP is the cryptocurrency created by Ripple Labs. It was already pre-mined when it went live, and it’s been a coin with a purpose since the beginning. The point in XRP is for it to become the mediating currency that will allow the world’s financial system to leave the old SWIFT system behind and to settle all international payments using Ripple’s blockchain technology.

Ripple has been looking to achieve that goal with a laser-like focus for years now, and they’ve scored some critical successes. That has implications. XRP was not originally meant to be the kind of cryptocurrency you and I can use, like, say Bitcoin.

It’s not supposed to be a way to store value or to make retail payments. Banks are the ones who should be buying it so they can send USD from the USA to Germany and where they can easily, safely and quickly, be collected as Euros, just to give you a very simple example.

Well, that’s changing. Ripple’s leadership has realized that diversifying XRP’s appeal can only drive the token’s price up, by creating new demand, and they’ve been looking for new strategic partnerships outside banks, remittance services, and financial institutions.

Among those developments is a debit card (a physical plastic card) that allows you to use your XRP currency to pay for goods as services just as easily as if it was your local fiat currency stored in your savings account. So Ripple is reading the writing in the wall and moving forward. That’s why today’s news is so important.

And the news is this: Bitrue, a crypto exchange, and trade system just announced it’s adopting XRP in all their platforms but not just as any other coin but as a trading pair. What does this mean?

Well, if you’ve done any trade in crypto you probably already know that you can’t just buy any coin you want out of the box.

You need to buy some Bitcoins (or some other of the handful of coins that are available in that way) then bring your coins to your exchange of choice, and then you trade your BTC for the cryptocurrency you actually want.

If you’d like to get into Cardano’s or Tron’s action right now, that’s what you would need to do. The critical fact about this new announcement is that XRP is going to be one of those few, selected, currencies you can now use at Bitrue so you can get ahold of other currencies.

This is huge news because this kind of pairing is very influential in the crypto market. For instance, most trades are done with Bitcoin as a trading pair. Which means that Bitcoin’s volatility and the high price can affect negatively (or positively) the tokens of many other projects in which there is not a problem in the token particularly but the financial mechanism you must use to buy it.

Bitrue’s new move is going to make XRP one of those coins which make the market run, which is an excellent step for Ripple, and XRP holders. There is further relevance in that Bitrue’s platform is available for all mobile devices.

The preferred currency pairings are XRP/BTC, XRP/ETH, XRP/USDT, ETC/XRP, ETH/XRP, GTO/XRP, KNC/XRP, LINK/XRP, LTC/XRP, QKC/XRP, WAN/XRP, WTC/XRP ZRX/XRP. We would like to see further pairings with Tron, Cardano, EOS, Stellar, Electroneum, and many others, but this is only the starting point.

XRP is slowly but surely becoming one of the big boys. Keep an eye out for 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.

Image courtesy of Jill111/Pixabay

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Bridge Mutual Announces Partnership with Plasma.Finance to Strengthen DeFi Insurance

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Bridge Mutual, a decentralized insurance provider, has announced a collaborative partnership with DeFi aggregator PlasmaPay and Plasma Finance allowing users to directly fund or provide liquidity through the Bridge ecosystem and the Plasma Finance platform.

Bridge Mutual will also use some of its own liquidity to start a PlasmaPay insurance pool, integrating shield mining in order to give users the chance to earn PPAY tokens as a reward for providing coverage to PlasmaPay. The result is an increase in users on the decentralized insurance platform for Bridge Mutual, and another dimension of safety for PlasmaPay and Plasma Finance users.

“This partnership will give both organizations the ability to expand operations into the other’s platform, a net benefit for two strong projects looking to optimize the DeFi market as a whole,” notes Ilia Maksimenka, PlasmaPay’s CEO, “Ease of use and access to insurance ultimately benefits users. By working together, Bridge Mutual and Plasma Finance take DeFi a step forward towards more reliable financial services on the blockchain.” 

Bridge Mutual CEO Mike Miglio adds, “The main focus of our partnerships is to increase the overall safety of the DeFi space by encouraging users to protect each other. Partnering with PlasmaPay was strategic in that users will be able to easily purchase or provide insurance directly from the Plasma Finance app where they manage all…

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Dignitas Joins Zytara Lineup, a Step Towards Uniting Esports and Blockchain

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Esports icon Dignitas has come together with fintech company Zytara to tackle payments and value transfer within esports using the DigitalBits blockchain.  

Dignitas’ partnership with Zytara is the first major alliance between esports and blockchain, a combination set to overhaul the esports’ financial mechanisms.  Zytara, a fintech launching a digital banking platform and payment network for gamers and esports enthusiasts, will leverage the DigitalBits blockchain to power the use of stablecoins and other digital assets.  

Despite their global scope, esports organizations still struggle with traditional payment rails.  Notably, Epic Games experienced difficulties distributing some of their $100 million prize pool for Fornite tournaments.  With esports growing rapidly, this is something that must be addressed, and it appears that Dignitas and Zytara are coming together to lead the charge.   

Dignitas has championed many firsts for the industry, being the first ever esports team to be acquired by an ownership group of a North American sports franchise, Harris Blitzer Sports & Entertainment (HBSE).  Dignitas would later go on to sign a first-of-its-kind sponsorship deal with Susquehanna International Group, LLP (SIG), one of the world’s largest proprietary trading firms.    

Zytara will issue a series of Dignitas-branded debit cards and app skins, featuring the…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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