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Ripple (XRP) mass adoption is just at the back of the corner

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Ripple

As crypto enthusiasts, one of the most common things for us to desire is to see the global adoption of one of our favorite coins. However, despite the remarkable eagerness around the topic, this, in fact, has become a very distant resolution, which at the end, leads us to rethink whether or not this would be a reality.

Much has been said regarding specific coins will get or not the ‘global’ status, but the truth is in most of the cases it is just a matter of speculation, and this only concludes with us having the feeling that maybe the goal is just unreachable.

In this sense, one of the coins that continually has been resonating in the cryptosphere as the most likely token to be massively adopted is Ripple (XRP), and we have strong reasons to believe this is actually the right perception. Let’s see the reasoning behind it.

Ripple alliances around the world

One of the most distinguished features of Ripple (XRP) has always been the hype the token has managed to create with the endorsement received by many alliances they have, a fact that every day seems to get greater. This time, the company has decided to take it a little further, and that’s definitely one of the things that may help the token to receive the global status that for so long has been pursued.

Like this, Ripple Labs has associated with nothing less than the Bill Gates Foundation in a partnership that seeks to improve payment transactions through the use of their product xRapid. And it’s worth to mention that out of the three products that Ripple Labs have created, this is the only one that carries their digital asset, XRP, so the token definitely is on an auspicious path right now.

Regarding the project, it was known that Bill Gates is determined to solve one of the most laborious and most extended issues in the world as it is extreme poverty; and this is something he plans to do with the use of XRP as a solution.  This way, Mojaloop.io will be the platform that will be used to improve payment systems and make transactions in a faster and easier way.

We can all agree with the fact that this was a very unforeseen alliance, but the truth is Bill Gates is a crypto supporter and investor himself (was not earlier, he does not seem to be a fan of Bitcoin even now though). In fact, the project has been in the oven for a couple of months now, a fact that proves the interest of the businessman in the crypto environment.

This is definitely a massive step towards mass adoption for Ripple, but as I said before the company is more than used to create very solid relationships with the industry. And as if it wasn’t good enough, by partnering with Gates, Ripple has started a collaboration that may help to make the adoption of the token a reality in all of the developed countries around the world.

The partnership was designed with the intention of creating a task force for the Federal Reserve to improve cross-border payments and the usage of SWIFT as the medium to transact internationally. Like this, the director of Ripple Labs, Ryan Zagone, will represent almost 100 corporations of the task force to deploy the solution that the world seeks.

Furthermore, he will also represent Ripple Labs at the Better Than Cash alliance set by the United Nations, a collaboration that includes the World Bank, Melinda and Bill Gates Foundation, and the support of the G20, so as we see it, massive adoption is at the back of the corner.

As a matter of fact, the Federal Reserve conceives XRP as the solution that can replace SWIFT in the coming years, so the 2020 prediction of a globally adopted XRP, may not be that crazy after all.

Conclusion

Global adoption is becoming a reality for Ripple (XRP) as each day passes, and this is something that the token sees happening with more than 100 partnerships around the world with renowned companies such as the Bank of England, the Federal Reserve, JP Morgan, Santander, and others.

That, in addition to the newest alliances with Bill Gates and the United Nations, could lead to the adoption in all of the developed nations. So stay tuned (and strong).

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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