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Ripple (XRP) gradually cannibalizing Bitcoin’s (BTC) profitable real-world value

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Ripple Bitcoin

By now everybody even with little knowledge about cryptocurrency knows that Bitcoin (BTC) is the supreme leader of virtual currencies in the crypto market. There is no argument that Bitcoin has a tight hold on the emerging virtual currency market and this is mainly because most crypto exchanges around the world use BTC as their preferred base currency.

At present, being listed as the base currency for these exchanges is Bitcoin’s greatest utility value, thanks to the emergence of Altcoins who have outpaced all almost all other Bitcoin attributes.

In the current time, most of the altcoins in existence are more efficient, way more usable, and cheaper than Bitcoin (BTC) making them preferable for our day to day use. Although fiat pairings are slowly venturing into Bitcoin’s space as a base currency, Ripple (XRP) is working without tire doing the same but on an exponential pace.

As of now, many leading exchanges in the market have come out clear about either their intention of incorporating Ripple (XRP) or are already using it as a base currency. One of such exchanges is one of the significant exchanges in India, Unocoin, who recently announced through their Twitter page that they were going to be incorporating Ripple as their base currency.

Another vital exchange that is leaning towards the adoption of Ripple (XRP) as their base currency is DCEX. DCEX recently announced that they were introducing XRP as their base currency with the intention of trading with it against other 15 virtual currencies.

Subsequently, SBI Japan, one of the most respected and relevant financial institution in Japan, decided to adopt Ripple (XRP) as a base pair currency is a game changer for the fortunes of the digital currency and blockchain technology.

SBI Japan has opened up huge investments amounting to billions of dollars of Ripple for trading, promising to have a massive influence on Ripple’s price value in future.

What Makes Ripple Different?

Ripple stands out from other virtual currencies as it has much and something different to offer, it sells its services to financial institutions and banks, assisting them to transfer cross-border settlements in a faster, cheaper, and secure way than other platforms. Ripple Labs’ two services namely, xRapid and xCurrent are a game changer in the financial industry.

The digital coin used by xRapid is XRP which distinguishes the company and the cryptocurrency. Many refer to the company and the crypto as Ripple, something that is not correct. XRP is to Ripple what Ethereum is to the Ethereum blockchain. During the inception of Ripple’s blockchain, XRP was never intended to be used as a public currency but rather as a settlement token for financial institutions.

Ripple Vs. Bitcoin

Ripple (XRP) has undoubtedly gained a lot of respect and ground in the financial industry getting listed and adopted by many organizations indicating XRP’s potential of becoming a valued commodity in its own right. The market in the last year had seen the increase in the value of Ripple outperform other virtual currencies including Bitcoin.

Given the fact that Ripple (XRP) is mostly monitored and administered by a central body, it is quite evident that it is more secure than most virtual currencies especially those that are mined.

Cryptocurrency is still a maturing marketplace, and we can expect to witness a lot of changes and innovations in the coming months and years.

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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

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 houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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