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Ripple (XRP) and the Amazing 2018 Partnerships

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Ripple
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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.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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