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Ripple (XRP) Invests in Blockchain Capital

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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