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Ripple (XRP) breaking free from Bitcoin (BTC), finally

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Ripple
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When it comes to signing and closing partnerships with influential financial players, no other cryptocurrency comes closer to Ripple (XRP), not even Bitcoin. Lauded for its constant quest for adoption, Ripple, at the moment, has over 100 payment providers and financial institutions on its list of partners. Interestingly, this list is expected to further increase in size with more partnerships been sought and other companies showing interest in adopting Ripple’s various blockchain solutions.

However, many analysts continue pointing out the issue of the price value of XRP not reflecting the growth in adoption Ripple is currently enjoying. The challenge has always been that Bitcoin (BTC) has always been influencing Ripple’s value.

Bitcoin carries out a large percentage of all Ripple trading. What this means is that the price of XRP has kept depreciating, in spite of having great runs of optimistic broadcasts since early this year. It is this situation that forced a comment from Brad Garlinghouse, Ripple CEO and founder. In a recent interview given to CNBC, he stated that:

“There is a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies.”

Nevertheless, this connection is about to come to an end. How you might ask. Well, exchange listings are gradually changing suggesting a drop in Bitcoin pairings as cryptocurrency exchanges continue leaning towards altcoin-fiat pairings. As more and more exchanges continue following this trend, Bitcoin’s dominance as the preferred cryptocurrency-to-cryptocurrency pairing will suffer a big blow.

This trend is already catching steam, and things are starting to look shaky for Bitcoin. For instance, Bittrex, one of the leading virtual currency exchanges, recently divulged that they are focusing on introducing fiat-cryptocurrency pairings. Bittrex has an impressive client base of over three million users globally with the US accounting for a majority of them who will stand to benefit from this development.

Binance (another top cryptocurrency exchange) is also seriously considering taking a similar path. Recently, Binance made public that they will be soon rolling out XRP/BNB coin meaning Ripple/Binance coin. The exchange has the XRP/USDT pairing in action, already.

Ripple (XRP) disconnecting from bitcoin (BTC)

News of Ripple decoupling from Bitcoin isn’t a recent thing. Ripple for a long time has been talking about its decoupling from bitcoin, but currently, XRP is being encouraged by the activities going on at SBI Holdings. At the moment, SBI Holdings is working to roll out its Virtual Currency trading platform, and Ripple is the only cryptocurrency listed on the network’s website.

If everything continues to move the way they are moving, Ripple’s digital coin XRP stands the opportunity to appreciate in price without the authority of Bitcoin.

Ripple (XRP) set to benefit from the decoupling

After the recent TRX/USDT pairing by Binance, bitcoin decoupling from altcoins is expected to speed-up dramatically. Analysts are predicting the decoupling of more and more altcoins from Bitcoin shortly, and when this transpires, Ripple will be one of the primary beneficiaries. This will be so because Ripple has the widest use scenario of any other blockchain platform.

The decoupling might coincide with the colossal adoption of Ripple’s xRapid solution by financial institutions. According to Garlinghouse, xRapid is going to be available for financial institutions before December, and many other banks will be able to use it in 2019.

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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 Pxhere.com

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How Can Foreigners Get Loans in Singapore

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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

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

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Aluna.Social
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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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CoinFlip
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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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