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Ripple (XRP) Invests in Blockchain Capital

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In a veritable blitz of announcements, Ripple is making waves across the financial sector. Major banking institution Santander announced that they would be partnering with Ripple for their new mobile app. The mobile app will provide users with a quick, easy and inexpensive way to transfer funds across international borders. In addition, Ripple recently donated millions of dollars worth of XRP tokens to DonorsChoose.org. A charity based in the United States, DonorsChoose.org provides a platform for crowdfunding school projects. Ripple’s massive donation fulfilled all projects current posted on the site.

Now, Ripple invested an amount of XRP valued at $25 million into Blockchain Capital. Blockchain Capital is a start-up funding investment firm that focuses exclusively on blockchain related companies. This makes up a significant portion of the total funding available to the investment fund. As it’s donation was entirely in XRP, it will likely go towards funding entrepreneurs already seeking to integrate the various Ripple technologies.

Blockchain Capital and their Investment Fund

As one of the oldest pure blockchain venture funds, established in 2013. They provide blockchain entrepreneurs with not only the funding required but also guidance on funding usage. An entire ecosystem of start-up incubators helps foster new tech companies. However, Blockchain Capital is one of the few that focuses only on distributed ledgers and how they can upgrade existing business structures.

To this end, they invested in a variety of previous projects. Along with still growing products, they are heavily invested in exchanges Coinbase and Kraken. They helped bring block.one as they developed the EOS.IO token standard. Kik’s Kin also benefits from Blockchain Capital funding. Overall, their portfolio consists of over 50 different blockchain companies.

Ripple’s investment into the fund will help foster a solid relationship between the blockchain juggernaut and a cross-section of new businesses. Given their previous partnerships, there is every reason to believe that this will go well for Ripple’s bottom line. The availability of XRP and the Ripple payment protocol will naturally encourage these new start-ups to gravitate towards the platform. In turn, Ripple’s inherent value will increase with more widespread adoption. It’s a win-win for everyone involved and yet another glowing public relations outreach by the Ripple team.

Ripple and the Start-Up Environment

Of course, Ripple is more known for their fintech solutions and banking back-end software. Their suite of products, including xVia, xCurrent and xRapid provide blockchain solutions to legacy banking businesses. While the traditional financial industry still balks at the idea of cryptocurrency as a whole, Ripple made surprising inroads over the past year. Many major companies, including MoneyGram, Western Union, and Santander as mentioned above adopted one, or several, of Ripple’s products. Access to the RippleNet platform is an attractive feature, offering an unprecedented liquidity pool for foreign exchange.

Ripple CEO Brad Garlinghouse is on record as saying he wants to encourage greater adoption of XRP in other areas. While financial institutions are an effective vector for Ripple adoption, diversification will ensure Ripple maintains a stable outlook. Item sharing service Omni is one of the first companies to benefit from this Ripple strategy, receiving $25 million from several companies – including Ripple. While the XRP token is critical to RippleNet and the payment protocol’s bridge currency vision, other uses will only make the token more robust in the long term. Bitcoin may make the news regularly but in a relatively passive way. Ripple is actively seeking out good publicity, and new opportunities, a strategy that is sure to pay off.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up for our free newsletter!

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

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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

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Crypto Billionaire Predicts Massive Price Growth by 2021

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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…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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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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