We can say one thing about Ripple’s XRP coin. It’s not just been stable; it’s been going steadily up all the time. It’s not been just reliable; it’s been a great choice. While Bitcoin and Ethereum have had good and bad days, XRP just keeps going up.
It’s performed exceptionally well. If we look at the three-month chart, we’ll find it’s been from $0.47 to $1.20. It’s not been volatile, it’s been very reliable (when compared to other big players, at least), and it’s been growing all the time. Fear, uncertainty, and doubt have not applied to Ripple at all.
How’s Ripple doing it?
Ripple has had many resources. It’s liquid and reliable and it is listed in more exchanges than any other coin. Its latest listing is UpHold. It has a platform that includes a digital wallet that caters to debit and credit card’s capabilities. It allows for users to do financial transactions among 34 different currencies, commodities and digital assets. It will even offer XRP/USD pairing. This makes the XRP platform a great option for liquidity.
Then there’s Japan’s SBI Holdings, a banking conglomerate that has adopted XRP as a currency and doing an exchange on it. SBI‘s CEO Yoshitaka Kitao has said that the exchange will be “Number one” once it goes public.
On the third place, Ripple has been gathering some fantastic partners in the banking industry. One, as we all know, is Santander (considered to be the world’s best bank right now), another one is BankDhofar from Oman.
They already have more than a hundred banking partners, and they are expected to get as many as two hundred this year. Ripple is becoming an industry’s staple, and that should not be ignored.
Last but not least: Ripple’s XRP is making remittance transference quick, cheap, safe and reliable. It’s becoming the street’s man’s currency, and it’s successful at that. Just a couple of days ago there was this Reddit user who explained how he used XRP to pay for a haircut. How could you possibly beat that?
So, despite the current ‘worrysome’ trend of the market, it’s still safe to bet on Ripple (in fact, a golden chance as it went down by almost 4% in last 24 hours – that’s a good chance to buy it cheaply now). XRP is growing slowly, but inevitably, it solves problems that matter for people in the streets by offering an option that can pay for everyday goods and services.
This all makes it an excellent choice in the crypto market. You should keep an eye open for Ripple’s currency; it’s working, it’s becoming a viable means of payment for people who are out of the banking world but who do own a cell phone. It’s making the financial world more democratic. It’s a force we should all take into account.
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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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Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
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These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
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