Ripple’s XRP is one of the most considerable digital assets in the market today. However, lots of banks and other financial institutions are registered on its platform and have bought shares in the business. With the growing number of businesses registered on its network, Ripple wants to change the way money moves around the world.
Money transactions today are faced with a lot of friction, and this has stirred the desire for financial institutions to look for better innovations. In a video that got shared (and gone viral) by Twitter user @XRP_VETERAN, Brad Garlinghouse spoke on the future plans of Ripple, centering that in a few years to come, they could be a dramatic change in money settlements.
For Ripple and its followers, XRP is the foundation of liquidity management, and it is also the bridge between the banking system and digital assets that have the support of a Silicon Valley technology company. According to Garlinghouse, XRP is the bedrock to solving liquidity problems as today’s financial institutions are wired to a pool of capital accounts known as NOSTRO and VOSTRO Accounts.
He noted that these accounts are pre-funded between financial accounts – which means that the capital of the financial institutions is sitting dormant and getting used. By making use of a digital asset like Ripple’s XRP, the liquidity can be enabled in real-time.
Ripple understands the fact that liquidity shouldn’t be in an account, it should be wherever it is needed at any time, at any place, and the blockchain startup has done this by releasing XRP.
Ripple XRP future plans by CEO Brad Garlinghouse pic.twitter.com/oxzziPDUEZ
— XRP VETERAN ✖️ (@XRP_VETERAN) October 29, 2018
Ripple’s XRP has been created to solve the problems of cross-border payments and remittances in different parts of the world. Also, Ripple makes use of incentives to attract investors to trade XRP and intermittently sells XRP to these investors (including institutional ones), according to experts.
The Future Plans of Ripple (XRP)
Brad Garlinghouse stated that Ripple aims to change payment systems in the world (no surprise). The CEO noted that the firm intends to do this by working with financial institutions and making them familiar on how xCurrent works and also introducing how Ripple can help manage liquidity.
Garlinghouse further emphasized that there is a lot of friction concerning payments, but introducing XRP to these institutions will take time. He believes that introducing Ripple will take a gradual process and soon we should see lots of banks and other fintech institution adopting Ripple (XRP). Garlinghouse also claimed that Ripple’s XRP is the only digital asset that has real customers solving real problems.
Ripple (XRP) Ahead
Ripple has been successful in keeping the users highly-engaged, and that’s due to its notable strides in the past few months. The blockchain has secured good partnerships, and in the month of September, as it partnered with three companies, it further increased its level of mass adoption.
Probably, Ripple’s XRP has become the most critical cryptocurrency in the market right now. Overall, if Ripple continues to progress and advance on its quests, we may see it replacing other financial payment systems in a few years to come.
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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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VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
Is it legal to gamble in Bitcoin casino?
Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.
Key facts on Legality in Bitcoin casinos
Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.
The necessity of Gambling License for Bitcoin casinos
In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.
There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…
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