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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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