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

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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