Ripple seems to be more serious than ever when it comes to mass adoption. News revolving around XRP and the Ripple Foundation is constantly hitting the headlines around the world wide web. Starting with a $4 million donation on the Ellen DeGeneres Show from Ashton Kutcher, there came another donation with Ripple standing behind it as a generous sponsor. This time, $50 million will be donated for the purpose of speeding up the adoption of blockchain technology, and the donation will be split among 17 universities.
Ripple Going Towards Mass Adoption: Donates Millions
Ripple has made yet another great move towards speeding up the adoption of blockchain-based technology, while specifically aiming at having Ripple’s technology massively adopted obviously as soon as possible.
As we have had a chance to heard more than several great news revolving around Ripple and Ripple foundation for the past several weeks, including the latest revelation of having OnePay FX launched with Ripple’s technology as the spinning wheel of the first mobile crypto payment service launched by Santander, which is one of the most prominent banks in the United Kingdom.
Several days ago, around May 23rd, Ripple was also heard of by millions of viewers on Ellen’s show broadcasted on NBC on Wednesday, when one of the Hollywood’s gems, Ashton Kutcher, has donated 4 million dollars in charity to Ellen.
The donation was made in XRP and Ellen could demonstrate the transaction speed needed for the transaction of 4 million dollars to be completed in a matter of seconds in front of the live audience and the viewers watching the show from the comfort of their living room.
The most recent donation made by Ripple is going to make 50 million dollars; however, the donation won’t be given away in XRP like the one that Ashton Kutcher donated on behalf of Ripple several days ago. Ripple will be donating this sum in fiat currency while 17 universities around the globe will get to a piece of the mentioned 50 million dollars.
Some of the universities that will receive the donation from Ripple foundation are MIT, the University of Pennsylvania and the University of North Carolina.
The donated 50 million dollars will be given through the University Blockchain Research Initiative, and the donated sum will be given in the purpose of researching blockchain technology, digital currencies, development of blockchain and digital way of making transactions.
The team behind Ripple foundation stated that a lot of problems that are present in the industry of finances can be solved with the help of this initiative. Ripple has added that, in a way, they have decided to start with this initiative and donate the money to the universities because they have noticed that the demand for jobs related to digital assets and cryptocurrencies, as well as blockchain technology has increased by over 150% during the past year.
The team also added that a number of universities among the 17 educational centers and universities that the donation will be going to, is said to be using the Ripple’s technology and XRP for their research purposes, while Ripple foundation didn’t add this as a needed requirement within the mentioned blockchain initiative.
The main goal behind this donation is to sponsor research among different universities around the globe in order to speed up the mass adoption of cryptocurrencies and blockchain technology.
Ripple seems to be rocking the crypto market as well as making it in “real life” with partnerships with banks and financial services like Santander, Western Union, MoneyGram and other valuable partners from the finance industry.
How is Ripple doing at the Current Moment?
The market is once again turning sluggish, with a great portion of currencies going down in the red while trading down against the dollar.
Although there is still a portion of assets that are going up with slight gains, XRP seems to be one of the cryptos going down in the red at the moment.
However, the most recent change in XRP price makes up for a minor drop of -1.13% against the dollar.
In addition to dropping against the dollar, XRP is seen rising in oppose to BTC at this moment, while going up by 1.40%.
Following the latest change in the market, XRP can be traded at the price of 0.65$ per one unit.
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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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