XRP might hit the skies finally, probably last chance to get on Ripple train - Global Coin Report
Connect with us

Blogs

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

Published

on

Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release