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Ripple (XRP) emerges as the base currency

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Ripple XRP
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A majority of digital coins and altcoins ended the month of July in overarching declines including Ripple (XRP). The XRP USD pair managed to cancel most of the gains accrued since early days of July.

As we usher in a new month, Ripple is still showing signs of free falling below the 0.45 US dollar mark after declining the support emphasized by the 23.6 percent Fib level with the last swing appreciate from lows of $0.424 and depreciate from highs of $0.5204 to settle at $0.4469 (it just jumped above 0.45 today after increasing in value by 4.5% in last 24 hours).

Moreover, Ripple (XRP) is exchanging within the limits of a falling wedge pattern signaling a price surge and breakout in the offing shortly.

Bitrue Exchange Lists Ripple XRP as a Base Currency

The crypto space continues to attract more investors and players in its jurisdiction with this week marking the official launch of Bitrue. Although unknown to many, Bitrue is a virtual currency exchange that has long-ambitions of becoming the most spontaneous and secure option for crypto-investors globally.

One attribute makes the Taiwanese exchange predominantly stand out from the pack. Bitrue announced their intention to list XRP, Ripple’s virtual currency, as a base coinage on its network. This move marks a huge adoption step for Ripple in the crypto market.

Bitrue intends to offer transparency to the Initial Coin Offering (ICO) market by availing a qualified selection of ICOs. Remarkably, Bitrue is also showing interests in partnering with Wanchain, an infrastructure platform that can connect with various digital assets.

According to the CEO of Bitrue, Curis Wang, the exchange can screen interested candidates listing only legal and promising digital coins and altcoins on their platform. By doing so, Bitrue will be able to create and develop a healthy environment for trading and for everyone interested in engaging the exchange.

DCEX Announces Ripple XRP as a Base Currency on its Platform

Meanwhile, DCEX was the very first virtual currency exchange that used Ripple (XRP) as its base currency. It recently opened registrations to start for its network. DCEX intends to begin trading in the coming weeks if not days, according to a press release that was issued on Monday.

DCEX plans to offer 15 digital tokens for trading with XRP as the base pair. The digital tokens include Litecoin (LTC), Bitcoin (BTC), Tron (TRX), Bitcoin Cash (BCH), and Ethereum (EOS) among other digital currencies.

According to an official release by DCEX webpage, the exchange intends to add more exchanging pairs in the coming week with USD/XRP trading might be supported for institutional or corporate clients.

xRapid Adoption in the Market

In recent time, xRapid has seen a somewhat positive response in regards to adoption. The way xRapid can complete international settlements within a short period is by using XRP as the bridge currency. For instance, in a KRW to USD transaction, KRW is converted to XRP using a Korean exchange via banking systems, transferred on the Ripple (XRP) ledger to an American exchange wallet then converted into USD in conclusion.

There are market speculations doing rounds suggesting SBI holding might use xRapid in conducting cross-border transactions. There is evidence that indicates that this merger is true and might be in completion stages.

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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 Maxpixel.net

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How Can Foreigners Get Loans in Singapore

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loans for foreigners 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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