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Ripple XRP price picks up pace as demand for xVia API increases

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Ripple
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Although the price of Ripple’s XRP faced a shaky start at the beginning of 2018(as was the case with other cryptocurrencies), there seems to be growing interest for the coin in the second quarter of the year as Ripple announces more partnerships with fintech companies not to mention an upcoming Ripple (XRP) Blockchain week where Snoop Dogg is set to perform.

Snoop Dogg to perform in ripples Blockchain week

The Blockchain week is set to be a private event set to take place in New York. On Twitter, Ripple gave the XRP community a chance to win 10 tickets in an online trivia that was opened on April 26th. The private event will take place on March 15th and Snoop-Dogg (a top tier rapper in the U.S) will be performing. In addition to the planned Blockchain week, Ripple’s price has also been on a steady rise, gaining traction as well as the attention of leading fintech companies.

In fact, the long-standing third largest cryptocurrency in terms of market capitalization recently moved to announce five more new partnerships with fintech companies such as FairFx, 4Free, UniPay, MoneyMatch and RationalFX as the five new financial payment firms set to use Ripple’s xVia API to improve their global payment solutions.

What is Ripple’s xVia API solution?

According to Ripple’s website, the xVia package is reserved for corporate payment providers that are looking to use a standard interface across various networks. The xVia API is designed with a simplicity that requires no software application yet enables seamless global transactions on a transparent information-rich platform.

Growing need for xVia by fintech companies

According to Asheesh Birla (Ripple’s senior vice president), there is a growing need for seamless digital global transactions with a growing number of customers (especially in emerging markets) looking for access to global digital payment solutions while having to deal with the inefficiencies of the existing fragmented platforms.

Through xVia, fintech companies looking to offer global payment markets can maintain “single standard connection” over RippleNet and lower the rate of failure as a result. Furthermore, apart from the fact that RippleNet has the capacity to reduce costs incurred during manual reconciliation of global transactions, its xVia and xRapid solutions are capable of providing friction-less cross-border payments between banks and other fintech entities.

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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.

Image courtesy of jpellgen (@1179_jp) via Flickr

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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