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A newly found Ripple (XRP) connection leads to the president Trump

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If there’s something we can be sure of with Ripple, is that it has built the best relationships with some of the most important financial institutions and figures in the whole world. To say the least, the company has created great partnerships with several central and commercial banks around the world, as well as with some important payment methods, such as Banco de Santander, American Express, Mastercard, Western Union, and others.

In this sense, we’ve been wondering how has the company managed to make all these alliances, and like this, managing to pass from being a startup to the giant we know right now. And as it seems, the answer to that question may be quite simple; it’s just a matter of connections.

We recently reported that back in 2011, Ripple was assisted by no one less than the current Executive Vice President of Mastercard, Colleen Taylor, who mentored the company and also served as a bridge for getting Ripple to test their solutions with real clients.

As she said in her interview: back then instead of seeing Ripple as a threat they actually decided to say “I have the scale, you have the agility” let’s work together and make this project work.

These declarations gave us a clearer perspective of what has been going on with Ripple from the beginning; it happens to be surrounded by highly influential people in the industry.

In this sense, a new connection has been found for the company, and this time leads to nothing less than the current president of the United States of America Donald Trump. Let’s see the main details behind this.

Ripple’s board member assisted president Trump

Ken Kurson who is currently a board member of Ripple, is a businessman who happens to be related as well with politics. In fact, he is a political consultant, and journalist.

In this sense, it was recently known that back in 2011, Kurson was the one that pursued Donald Trump himself to run for presidential elections, and the same way, he was in charge of preparing some of the speeches that Trump used in the campaign that saw him winning the elections.

Furthermore, it was known as well that Trump and Kurson are actually friends apart from the works they have done together, which is actually the reason why many people are now considering that this can be a very beneficial thing for the Ripple towards the path of adoption and the struggle with the Securities and Exchange Commissions (SEC) department.

Whether this be a real thing or not remains a question, but even if not just with the relationship, high chances are now open for the company.

Current performance of Ripple (XRP)

At the time of writing, XRP has a price of $0.5268 according to coinmarketcap, and it has decreased by 6.81 percent in the last 24 hours.

However, this downturn probably is actually a correction after the several greens the market had a couple of days ago, the same that saw Ripple’s XRP going to the second position one more time, replacing Ethereum as the second largest cryptocurrency in the market.

Later on the same day, Ripple went back to the third position, but it definitely proved Ethereum should actually be worried. Let’s see how this new connection, which certainly is worth noting, affects the Ripple’s XRP position in the market. So stay tuned.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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

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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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