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XRP might hit the skies finally, probably last chance to get on Ripple train

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Ripple XRP
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Ripple (XRP) is on the brink of becoming one of the main cryptocurrencies to be used by banks and other financial institutions. At the moment, XRP investors are set to see some life-changing developments with Ripple.

It is important to know that in the last seven days, XRP increased by 27.87% – much higher than Bitcoin, Ethereum, Bitcoin Cash, EOS, and Stellar. We shouldn’t be surprised if XRP overthrows Ethereum in its position because, in the end, XRP will be a digital asset that offers better utility to the world.

Ripple Partners with 3 top cryptocurrency exchanges for its international payments

To enhance xRapid-powered global payments, crypto exchanges such as Bittrex, Bitso, and Coins.ph have been picked by Ripple for banks using XRP. XRP will be used to facilitate transactions between global banks.

Ripple stated:

These exchanges will enable xRapid payments to move from one cryptocurrency- into XRP- and back into another currency efficiently and quickly.”

Subsequently, these three crypto exchanges will assist transactions that used XRP between USD, Philippine, and Mexican Pesos.

Ripple, through its chief, Cory Johnson stated:

Bittrex is one of the biggest names in digital asset trading in the U.S. The same applies to Bitso in Mexico and Coins.ph in the Philippines. That makes today’s announcement an important development for xRapid.”

It is important to know that companies that make use of xRapid stated that they save up to 70% of the cost for the cross-border transaction.

Ripple’s chief further added that its recent progress is the vital one for xRapid and xCurrent:

We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchanges partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”

In accordance to Johnson’s announcements, the xRapid product will move from its testing phase to the production phase.

Johnson stated the real reason why Ripple chooses Mexico, the U.S, and the Philippines by saying:

Why did we choose, of all countries, preferred partners in Mexico and the Philippines? The four largest incoming remittance countries (two of which shun crypto business) are India, China, Mexico and the Philippines.”

On the other hand, the Chief of Coin.ph also commented on the recent partnership with Ripple:

We are excited to be partnering with Ripple to bring the benefits of blockchain technology to cross-border payment, making sending money home more affordable for 10M+ overseas Filipino workers.”

Additionally, Binance also collaborated with Ripple on the launch of its new crypto exchange called Liechtenstein Cyptoassets Exchange (LCE). This was revealed through a tweeted picture by Michael Arrington showing him with the CEO of Binance Changpeng Zhao along with Ripple’s SVP Ethan Beard for the launch of new Binance cryptocurrency exchange. As a result of this collaboration, Ripple’s price surged at that time by 7.84%.

There are some strong sings that Ripple (XRP) could hit the moon in no time and we shouldn’t be surprised if this occurs sooner than later. Nevertheless, this is the right time to invest and get on the Ripple train before it is too late. Of course, use your very own common sense and research.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Scott Webb on Unsplash

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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crypto credit cards
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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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