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

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Ripple
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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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