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XRP price to hit the skies; thanks to Ripple’s momentum

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Brad Garlingouse, Ripple’s CEO, explained how Ripple’s XRP currency is getting momentum. It seems the momentum is strong enough to take it above the USD 1 mark (maybe even $5). Ripple keeps securing essential partners in the financial world and making a difference, so it’s not to be underestimated.

Ripple keeps securing big hits in the financial world and building momentum up

The last couple of weeks have been slow for every coin in the cryptocurrency world (last 24 hours have been extremely bearish). Bitcoin alone has lost over a thousand dollars per token, so it seems an adjustment will come soon in the form of a bull run. Ripple is trading today at $0.58 (down by 10.17% in last 24 hours), and it could be the coin that leads the new recovery because this month has seen them make several successful announcements.

CNBC recently interviewed Ripple’s CEO, Brad Garlinghouse. He announced twenty new production deals with new firms, and this comes after the company achieved a record first quarter.

The newest partner is the National Bank of Kuwait. It’s one of the largest banks in the middle east, and it will be adopting Ripple’s xCurrent platform to do their international transactions. This is even more impressive since just a few days before that the Kuwait Finance House (the country’s second-biggest bank) also joined Ripple Net.

Ripple’s technology (and sometimes the coin as well) makes international business easy, reliable and quick to settle. It’s incredibly cheap as fees are fractions of a cent and every payment happens in minutes instead of days, as it happens with the SWIFT system. In short, it’s changing the game for everybody.

That’s not just my opinion but also what financial institutions such as Banco Santander and Currencies Direct think now. Chief Product Officer at London-based Currencies Direct has said: “Trial with XRP was a resounding success” as they used them to exchange currencies among several banks in Europe and North America.

It’s been an exciting month for Ripple and XRP could go through the roof

Two other Financial Tech firms also signed up with Ripple recently. InstaReM (from Singapore) and BeeTech from Latinamerica. They have adopted xCurrent and xVia to make payments across borders happen in real time. In his CNBC interview, Brad Garlinghouse said,

“There’s a very high correlation between the Ripple XRP price and the bitcoin price, but ultimately these are independent open-sourced technologies. It’s early, over time you’ll see a more rational market and behaviors that reflect that. It’s still a nascent industry, the speculation in the market dominates the trading activity. I think it’s a matter of time until people better understand the different use cases.”

He also talked about the current Ripple situation (it’s being sued by some investors who claim it’s not a currency but a security). Ripple’s CEO stated,

“If you own XRP, you don’t own rights to the profits or any dividends to the company. XRP has real utility.”

Ripple’s XRP is now the world’s third-largest cryptocurrency, and its real-world partners and applications already have turned it into one of the most influential as well. The project’s goals are clear, and the organization is moving towards them decisively.

All in all, let it be, short-term, medium or long – Ripple’s price is bound to hit the roof. Thanks to the popularity of network, media penetration, mainstream society penetration, consecutive hits in the financial world, and investing interests worldwide. Don’t be surprised when this currency’s value explodes.

And yes, there is no need to be panic on the latest price fluctuations, Ripple is not alone, the whole crypto market has suffered (the probe of Coinbase, itBit, Kraken, and Bitstamp is more likely to be blamed). The market has lost almost 20 bln over the last 24 hours, every single crypto is in red – and the whole market will go up again, soon. Fingers crossed!

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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 Pxhere.com

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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