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Ripple (XRP) Invests in Blockchain Capital

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Blockchain Capital

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

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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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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