Connect with us

Blogs

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

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

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.

loading...

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

Altcoins

DGB Price Prediction For 2018 and Beyond

Published

on

DGB price prediction
READ LATER - DOWNLOAD THIS POST AS PDF

With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

Continue Reading

Altcoins

Why ZCash (ZEC) Is Heading to $10k

Published

on

ZCash
READ LATER - DOWNLOAD THIS POST AS PDF

Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

Continue Reading

Altcoins

Ripple XRP Mega Breakout: What’s Next?

Published

on

Ripple XRP mega breakout
READ LATER - DOWNLOAD THIS POST AS PDF

The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

Continue Reading

Trending