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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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