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Ripple (XRP) Snatches Facebook’s Former Payments Exec and Appoints Her as Senior VP

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Ripple

Ripple (XRP) has released a new announcement this Wednesday in which it stated that it hired Kahina Van Dyke as its new Senior VP of business and corporate development. Van Dyke has previously been known as a director for global payments at Facebook, as well as a veteran of the banking industry.

Ripple makes new hirings

Ripple (XRP) is the third biggest crypto according to market cap these days, and the company behind it has just hired a banking expert as its new Senior VP. Kahina Van Dyke, who also worked as Facebook’s payment executive, has just joined Ripple as business and corporate development’s Senior Vice President.

The announcement came on Wednesday, July 11, together with another statement that said that David Schwartz, a known cryptographer, will become the company’s new CTO.

The new hirings came in the middle of Ripple’s new campaign to persuade the financial industry that XRP is just what they need for an improvement of cross-border payments. This is exactly where Van Dyke will get the opportunity to shine since her responsibilities will include coming up with strategic partnerships and focusing on the solutions for international payments.

According to her own statement, Van Dyke has started working for Ripple in order to eliminate the friction when it comes to international payments, and she plans to do this by applying Ripple’s tech to change the entire industry. She also stated that the most challenging problem with payments right now is the outdated technology. The current system is nearly 40 years old, and it cannot meet the modern needs.

International payments systems in need of improvement

These days, the cross-border payments often need days to be processed, and at large fees, as well. While this was a cutting-edge technology some 30 years ago, it is no longer good enough. The modern culture is a fast-moving one, and the banks will have to open up to new technologies in order to stay capable of providing their customers with what they need.

To do this, the banks will have to change their attitude toward cryptos, which is something that they seem reluctant to do. As a result, the improvement of cross-border transaction systems has been very slow, while the modern culture continues to speed up. Right now, the financial industry is slowly but surely getting more an more familiar with these technologies, but they still hesitate to use cryptos in everyday operations.

As for Ripple, the company claims that XRP can serve as a liquidity source, which would eliminate the obligation of the financial institutions to maintain capital when it comes to foreign reserve accounts. However, the recent statement by the Western Union claims that their XRP experiments did not result in any major savings. Ripple has responded to this, saying that their experiments were simply too small for the change to be apparent.

The addition of Van Dyke comes at the perfect time, considering her 20 years of experience when it comes to fintech and banking. Van Dyke held some pretty impressive positions at Facebook, as well as Mastercard. She has experience in creating new financial services and payment solutions and has even managed various partnerships while at Facebook. Those include major companies like PayPal, Western Union, Citibank, Visa, and others.

Ripple makes new steps towards decentralization

Additionally, Ripple has also promoted a cryptographer, David Schwartz, to the position of the company’s CTO. Creating a global network that contains so many financial institutions that are becoming more and more blockchain-oriented is a large task, which is why Ripple has decided that the company needs a fresh perspective. Because of this, Schwartz is to replace Stefan Thomas as a CTO.

According to Ripple, Schwartz will be tasked with leading a team that will have to find a way to bring the XRP ledger to further decentralization. This is an important part of Ripple’s development, especially since the SEC has stated that digital assets cannot be influenced by a central authority. If Ripple cannot achieve decentralization, the only thing that SEC can do is register it as a security – something that this coin has been working hard to avoid.

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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.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

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 houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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