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Ripple XRP HODLers will get rewarded for all the courageousness

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Ripple has been faced with lots of challenges in regards to the debate on whether it is a security or not. However, despite this debate still lingers, it is still a solution for banks and other FinTech companies in the world. Each one of Ripple XRP HODLer seems to be a brave person, nothing short – the Ripple community has been facing all the difficulties with sheer heroism. And as things stand now, the XRP holders might be rewarded for all their hardihood soon.

Recently Cory Johnson of Ripple Labs got interviewed at the Milken Institute Asia Summit 2018. The interview was also joined by Lara Wozniak, Head of Growth Markets at Media Relations Department of Accenture.

When Cory was asked about the aim of blockchain technology and the solution it can offer, he said that it is mainly for the global finance. Cory states,

I really do think that finance is the place where there was the most friction in our global economy. And the solutions presented by blockchain are so obvious that they’re really going to change the way money and value move in our society” 

Subsequently, Cory also emphasized that a blockchain technology like Ripple aims to solve the problems of cross-border payments and why these payments take several days before they get actualized.

Concerning the role of regulators on Ripple’s aim, Cory didn’t fail to say a few things. It is important to know that Ripple has been working hand-in-hand with regulatory companies to fix the ‘Ripple is a security or not’ debate. Cory also emphasized that regulators are looking for ways to solve the speculations on cryptos and that these regulators are scared of what the blockchain can become shortly. Cory added,

“When we meet with regulators, I have personally been really surprised by how much they know, and how much they really want to know. They don’t seem to walk into this, with sort of this notion of fear and doubt, they actually want to listen and learn” 

Cory talked on how firms owners are using the XRP token for their daily business activities. He went on to talk about the countries that are using blockchain technology. He said,

The world is more global than ever before. And, entrepreneurs are going to pick up and leave and go to the places where those technologies …and you don’t have to be in Silicon Valley to develop technology where I still think it’s the best place, but there are more options now.”

Ripple to Launch xRapid Next Month

Ripple’s most awaited product that will help in making money transfer easier and faster is finally here. CNBC reported yesterday, Sept 17 that the main version of xRapid will be launched very soon now.

The launch of this product was revealed by the Head of regulatory relations for Asia-Pacific and the Middle East at Ripple, Sagar Sarbhai.

When unveiling the importance of xRapid to the world, it was stated that xRapid would also help in solving the problems of liquidity costs and decreasing the capital requirements of liquidity. Sarbhai commented during his CNBC interview that,

I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production” 

Nonetheless, Ripple’s Exec also said,

A couple of years ago the narrative was: blockchain good, crypto bad. What we’re now seeing is more and more regulators, policymakers taking the whole space in one conjuction.”

He went to add this further:

“I think that narrative thankfully is now changing because policymakers, regulators are seeing that there is a strong benefit that digital assets, cryptocurrencies will bring in”

It is important to know that last month; Ripple collaborated with three major exchanges: Bittrex, Mexican Bitso, and Philippine Coin.Ph, to help foster xRapid solutions – imaginably predicting the launch of xRapid.

Brad Garlinghouse also forecasted that lots of banks and other Fintech companies would be using xRapid, and XRP by the end of this year. Things certainly are starting to get better for Ripple and the XRP HODLers. Stay tuned.

Check out the latest video from our Editor-In-Chief, on the Crypto Rich show!

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Matt Lamers on Unsplash

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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