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Ripple (XRP) and the Amazing 2018 Partnerships

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Ripple

Ripple, XRP, has shown multiple times that you don’t get to be ranked as the third best coin over nothing. So, once again this currency with its blockchain ecosystem is showing supremacy and numerous technological capabilities by having sealed amazingly promising partnerships already at the beginning of 2018. Let’s see who partnered up with Ripple and how can this case affect XRP’s status and price.

Moneygram partnered up with Ripple

Moneygram is one of the top global payment services and the fact that this service provider partnered up with XRP, tells us a lot about this currency’s potential in form of the technological abilities its ecosystem has. Moneygram has managed to see a massive potential Ripple is holding, not only within the world of cryptocurrencies but wider into the mainstream banking systems. Moneygram and Ripple have announced their partnership weeks ago on January 11th, 2018.

This way, Moneygram is working on solving the issue that appears with liquidity and of which most banking institutions suffer on daily basis. For now, Moneygram is using XRP through a model that requires working with accounts that are necessarily funded, but they are working on improving this model. For now, all global payments with XRP through Moneygram will be done through the xRapid system. This way, Moneygram is looking forward to solving liquidity issues as well as process all transactions at lower fees and much faster. XRapid, in this case, represents a ledger of XRP liquidity system that allows fast and cost-effective processing of global payments.

IDT and Mercury FX with Ripple Technology

24th January of 2018 seems like a great day for Ripple as this currency managed to get two new partnerships on the board.

IDT and Mercury FX, which are both dealing with global payments, have partnered up with XRP for the same reason Moneygram have. The idea behind this partnership is to provide their users with faster and cost-effective global payment method that would be able to transfer money anywhere in the world in a matter of only three seconds. According to the Ripple’s CEO, this payment method is way faster than making payments with Bitcoin as it allows easily processed transactions going on in real time and within global proportions.

SBI Holdings and Ripple

As of January 30th, Ripple has established another valuable partnership. This time they partnered up with SBI holdings, which represent a group of Japanese companies set to launch the SBI virtual currency. SBI will use XRP as the only digital value supported within their system as of launching of this digital currency. That way, SBI will be joining the xRapid system which should allow all users to obtain near full liquidity during cross global payments. That way, SBI is planning on establishing a strong and stable connection for making transactions between users in Japan and the rest of the world. Moreover, SBI holdings are looking to establish a system within their own banking system that would allow instant conversion of XRP to other currencies as well as JPY.

LianLian International and Ripple Partnership

RippleNet has acquired another great partnership, this time partnering up with LianLian International.  This company is one of the biggest payment service providers in China and with this move they have made a groundbreaking change in the world of mass global payments. This partnership was concluded a couple of weeks ago, on February 14th, 2018.

This partnership has a strategic significance for LianLian International, given the fact that China has a massive growth in the trading economy thanks to their link to Amazon, eBay, and Ali Express. The goal of this partnership is to enable fast and easy payment methods between China and the rest of the world. LianLian is planning on implementing Ripple’s xCurrent. XCurrent is a solution that works on powering up cross transactions between China, Europe, and the United States with unshaken security, which is at the same time LianLian International’s ultimate goal.

Bank Testing and other Projects

Ripple is really stepping up the game in oppose to the most of its competitors as it is getting more and more acknowledged by the institutions that have been running on more traditional systems when it comes to global payment methods. Now, these institutions are looking at Ripple as their alternative to faster and more secure global transactions, slowly leading this coin to the mainstream waters and merging the two worlds: the traditional centralized institutions and the blockchain decentralized ecosystem.

Even though these two would probably be unimaginable working together only a couple of years ago, we are now witnessing groundbreaking changes where Ripple as a blockchain based decentralized value is being used as an alternative to traditional, much slower global payment methods.

Ripple has also successfully gone through a series of tests in over 60 banking and financial institutions in Japan and South Korea. So, it is expected that XRP will be implemented into more than several banking systems in order to support global cross payments in near real time.

Ripple is also working on improving its technical capabilities where they will be adding extra features to enable even stronger security while also working on implementing its system in financial institutions in China, Brazil, and India.

By broadening its outreach and becoming more available for usage, Ripple is also looking at having XRP’s price consequently raised.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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.

Image courtesy of Mike Mozart via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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