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Ripple (XRP) is Stepping Up Its Game with Santander Bank Partnership

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Ripple is one of the most talked about currencies these days, which is no wonder at all since Ripple is one of the most real-life integrated cryptos currently present in the market. In addition to this case, Ripple has been tested by numerous banks, banking institutions, and financial services, where these parties have taken over testing of XRP and xRapid for fast transactions on global levels. Although these institutions state that they have no interest in XRP as a cryptocurrency, this case is not preventing Ripple in acquiring new prospective partnerships that could sky-rocket this currency and its technology.

Ripple Partners up with Santander Bank

Two days ago, on April 12th, Ripple has announced its partnership with Santander Bank, which significantly pushed its value up in the market, resulting in the price of 0.5$ per one XRP unit, which is the highest price this currency had in weeks.

It was immediately obvious from that point on, that Ripple would be able to benefit greatly from this newly acquired partnership. Santander bank is actually one of the biggest banks in Europe, so its appreciation of XRP technology definitely adds more value to Ripple.

During the announcement of the newly acquired, and a pretty important partnership, Brad Garlinghouse stated that Ripple is further planning on realizing the idea of the Internet of Value. Apparently, Santander bank should be able to aid Ripple in this amazing venture that could revolutionize the world of cryptos.

Mentioning the word “crypto”, Brad Garlinghouse, Ripple’s own CEO stated that Ripple is not a cryptocurrency in reality, as it is also stated in the whitepaper of XRP. Garlinghouse added that this “currency” as we are all calling it, is actually a digital asset as it cannot be currency by any means if you can’t go to Starbucks and use it for paying for your coffee.

Thinking about the way blockchain technology works, we can’t miss on noticing that it works similarly to how the Internet was working as it first appeared. The Internet served the purpose of transferring and exchanging data, but at the time it first appeared it was deeply unorganized and unregulated, which reminds us of the way blockchain platforms are operating now.

The only difference is that blockchain actually has the ability to exchange real value. There came the idea of the Internet of Value that Ripple described as Web 2.0 in its official whitepaper.

On the occasion of Ripple partnering up with Santander Bank a couple of days ago, the executive chairman of this European bank, Ana Botin, stated that blockchain-based protocols for making payments are far faster, more efficient and more cost-effective while being safe and secure at the same time. The technology would allow Santander banks users to make transactions that would be available for the receiver on the same day when the initial transaction was made, which is the experience expected from a bank like Santander.

The chairman further added that they are planning on implementing this technology onto more than several markets already by the beginning of summer, which is pretty soon at this point.

Ripple and IoV

IoV or the Internet of Value has the idea of creating a blockchain-based environment that would be able to transfer value from and to anywhere in the world just like any type of information can be transferred from one side of the globe to the other with the use of the Internet.

Ripple is planning on creating such environment and it seems that this company is getting closer to making the Internet of Value into realization with each partnership they acquire, especially with the fact that they are now being used by MoneyGram and more than several other financial services and banking institutions.

The main objective the XRP has is to lower the costs of transactions while making transactions a lot cheaper and easier to process with a minimal percentage of errors and bugs present in the system. In addition, to enable everyone to exchange any type of value via their system, Ripple is also aiming at cutting the time needed for processing transactions that are being sent globally. So, with Ripple’s technology, payments can be available and processed within seconds instead of 3 to 5 days, which is an amazing progress.

Santander bank seems to be sharing this idea with Ripple, so this bank launched an application called One Pay FX, partnered up with Ripple. This application is available in UK, Brazil, Spain, and Poland and should soon become available in more countries.

This app is powered by Ripple’s xCurrent and it enables users in the named countries to send their transactions globally with only using their phone. All transactions made via One Pay FX will become available for the receiver at the same day on which transaction has been made instead of waiting for 3 to 5 days which was previously the case.

How is Ripple doing at the Current Moment?

Although XRP was doing pretty fine with the announcement of their partnership with Santander bank, which is one of the biggest banks in Europe, it seems that this digital asset is dropping once again as the majority of currencies are falling in the price as well.

After the most recent change in the market, Ripple started to trade in the red while losing -7.39% against the dollar. In addition to this case, XRP is also trading down against BTC for a bit over -6%.

With the latest change, Ripple can be purchased at the price of 0.63$, which is still far from its all-time high of 3.33$ as recorded at the beginning of January 2018.

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.

Image courtesy of Yasunari Goto via Flickr

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We know what the Institutions are saying, but what are they doing?

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Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

Why does all this matter? Have any of you seen this VIDEO with Tekka Tiwari. Here he explains what I love to say as listening with your eyes. He goes on to show how Wall Street legally manipulates the market, they throw out in the media and go into the limelight and bash the said stocks, or bitcoin. The result is that of them falling drastically as many panic sell the asset. While everyone is selling off tons of their assets when it gets close to the bottom, similar to where cryptocurrency is currently they buy it in droves. He explains how this is exactly what happened in the…

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Why Is Coinbase Stalling With XRP?

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For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

As mentioned, the XRP community has been asking for the addition of XRP for…

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Why 2019 Will Be A Big Year For Crypto

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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

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