Is Ripple finally going to make waves globally? - Global Coin Report
Connect with us


Is Ripple finally going to make waves globally?




Ripple, the blockchain technology, the company, and the associated cryptocurrency (XRP) started somewhat poorly. The crypto community was very skeptical about the network’s centralization features (which have been thoroughly denied by the company) and the fact that it’s a platform that aims to strengthen the global financial system instead of undermining it (which is supposed to be the whole point in crypto) didn’t help to make it popular either.

Well, the times are changing, and it seems that the ugly duckling is finally becoming a swan.

Ripple is being either tested or adopted by many of the world’s biggest and more influential banks. They are more than a hundred now, and they recruit a new one almost every week.

A rumored deal with Catalyst could bring 1400 new banks as users to the Ripple Net in a single deal. That kind of new agreements with massive partners will drive XRP’s demand up. It will create value and increase the price.

As you probably already know, the crypto market has been in free fall since last December, and most coins have been losing value. Only a handful of cryptocurrencies have been able to gain modestly, and XRP is one of them.

It’s been going up steadily for six weeks. It was at $0.25 on September 12th, and, since then it’s grown by more than 80%. It’s at $0.46 as we write this. It’s a small bull that’s managing to beat a big bear.

Bitcoin’s stabilization at around $ 6,500 could also be a factor for XRP’s growth and increased investor confidence brought about by a stream of exciting announcements.

Experts keep reminding the cryptosphere that the market is still far from mature. The value of most cryptocurrencies is currently driven by speculative pressure instead of mainstream adoption. This puts Ripple’s XRP in the privileged position to be the first token whose value will actually be determined by supply, demand, and real-life value.

Just a few weeks ago the Ripple Swell conference took place, which is the company’s annual meeting with investors and partners. Bill Clinton delivered the keynote speech, and the company announced xRapid which is to become its flagship service. It will use XRP working in tandem with Ripple’s blockchain so that banks can settle international payments in a matter of seconds, instead of the days they usually need.

The Bill and Melinda Gates Foundation is also partnering up with Ripple. Along with Coil, the three institutions will develop an interledger protocol. This means that the new protocol will link different payment layers (which are not compatible so far) so that payments can be settled without any friction.

Another interesting development comes out of the Whitehouse. It is not confirmed yet, but it seems that President Donald Trump is interested in Ripple. It’s anybody’s guess if he understands the first thing about the blockchain, but he wants it as the US Blockchain and Cryptocurrency official option.

The reason for this is that XRP cannot be mined at all. It was already mined in full by Ripple Labs before it went online, and that means that the network’s control cannot end up in China, which is what has happened to many other projects, Bitcoin main among them. If the US Federal Government takes Ripple’s side, it would be a massive development since regulatory issues have been an issue for Ripple, at least regarding public perception.

And then, the Japan Consortium Bank has created a project for peer-to-peer money transfers called SBI Ripple Asia. It includes an app: Money Tap.

Ripple is putting a lot of pressure on Ethereum. It’s smaller by market capitalization by only three billion currently. But it keeps going up and reporting good news as Ethereum keeps going down and saying bad news.

So don’t be surprised if XRP takes over ETH’s place behind Bitcoin sometime soon. Remember also this: XRP was last year’s most profitable cryptocurrency even before the long list of successes it’s had over the present year.

We all know that a bull run will come to the crypto market sooner or later, we just don’t know when. The thing to keep in mind is that, as things stand right now, it could be led by XRP and Ripple.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 NeuPaddy/Pixabay


How Can Foreigners Get Loans in Singapore



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.  

Continue Reading


Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




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…

Continue Reading


CoinFlip Scores Big with BRD Wallet Partnership




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 like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release