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Exclusive: Ripple (XRP) to be exhibited at SWIFT’s Sibos conference

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The Sibos 2018 is in session. It’s the world’s most important conference on financial services. This year’s theme is “Enabling the digital economy,” and one of the options included is none other than Ripple. This is important as it’s bringing blockchain technology as a mainstream option for banks and financial institutions which are, traditionally, prone to be very conservative and to reject changes in their way of doing things.

The conference’s organizers have chosen four themes to flesh out the way in which financial institutions must adapt to the new digital world regarding services:

  • The way in which data, artificial intelligence, and robotics are pushing services and innovation forward, and how they are forcing for business models to renew.
  • The new technologies and paradigms that can tackle financial crime by sharing relevant information.
  • Facing the challenges posed by cybersecurity in the new digital economy.
  • Adaptation to the world’s new geopolitical and regulatory priorities.
  • Sibos is being held at the International Convention Centre (ICC) at Sydney, Australia. It’s the third time the conference is held in this city, which is a good scenario for Sibos because this is a city that combines energy, innovation, and infrastructure. It’s the 40th event of its kind, and Swift organizes it.

Here’s the exciting thing: SWIFT is the currently dominant system for international money transfers and payments. Should you want to send money from the USA to, say France (or Mexico, or Indonesia), the operation would be done using SWIFT, and this is the institution that sponsors this conference.

Ripple is trying to take over SWIFT‘s business by using a combination of blockchain technology, partnerships with many of the world’s banks (called RippleNet), Ripple’s native software platforms (such as xRapid) and Ripple’s native cryptocurrency, called XRP.

Inside and outside of the cryptosphere there’s been a lot of skepticism about Ripple’s obsessive mission to insert itself into the traditional financial system. Traditional banks do not trust cryptocurrencies because they are very conservative and the crypto market has been very volatile since its inception.

On the crypto community side, the skepticism is rooted in Bitcoin’s original mission, as stated by Satoshi himself: to get rid of all fiat currencies and the world’s financial system, so for crypto purists, Ripple is working for the enemy, so to speak.

Ripple to be exhibited at SWIFT's Sibos Conference

Ripple takes on Swift at Sibos 2018 | Source: Sibos

In any case, the fact that Ripple has been chosen for inclusion in a mainstream event such as this is good news not just for that project but also for all crypto-coins. It means that the world, at long last, is paying attention to all the benefits that any traditional business (banks, in this particular case) can get from adopting the blockchain.

It’s a potential recognition from the banks that the world is changing and that they must come up with new strategies that can deal with the modern world’s needs. If there’s one thing for you to take away from this piece of Ripple news, it’s quite simple: cryptocurrencies, blockchain technology, and the crypto world are not a weird hobby for nerds anymore.

The world is paying attention, and some of the world’s most influential industries are incorporating it into their business model. This is great news for the crypto community as real-world usefulness can only create demand for XRP and other tokens and that will drive the market up.

For the global insights every crypto trader must have, apply for Elite membership!

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.

Image courtesy of Swift.com

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Taking the Booming Cosplay Industry to the Next Level with Tokenization

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Cosplay
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In the past couple of decades, some aspects of Japanese culture have begun to spread like wildfire through the rest of the world. Foremost among them is the fascinating and thought-provoking world of Japanese comics and animation.

At the same time, it’s become increasingly popular for fans to interact with each other and express their enthusiasm for manga and anime through cosplay, where people dress up as their favorite fictional characters or even create their own.

In fact, cosplay has grown to be a jaw-dropping $45 billion industry, with no signs of slowing down anytime soon. However, the industry and its participants aren’t without problems.

At the top of the list of issues holding the cosplay industry back are those associated with copyright and revenue sharing. As with most any global industry, there is inefficiency due to language barriers, different currencies, and varying regulatory guidelines for intellectual property.

So, how can blockchain technology help? There are a handful of answers to that question, actually. A few are:

  • An immutable blockchain can be used to store records such that there is no longer any doubt about a piece of content’s original creator.
  • A blockchain can securely store and track user’s digital IDs in order to discourage harassment and other nastiness that prevails on online media forums.
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The race for No. 2: Ripple’s XRP is growing, and Ethereum is shrinking. Why?

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Over the last three weeks, Ripple’s XRP cryptocurrency has been raising in price slowly but steadily. As we write this article, it’s trading in green numbers at $0.422 even during the current bearish run of the market, which means despite regular market dips, it’s doubled its price in a relatively short time.

Moreover, for some days during the recent period, it’s been the world’s second coin, beating Ethereum. But will that be consistent? Should Ethereum be worried? Well, maybe. Ripple advancements and XRP’s massive growth is undoubtedly putting Ethereum’s dominance in question.

Ethereum came live in 2015, and it quickly became the most crucial blockchain in the world, second only to Bitcoin. It became the dominant platform for smart-contracts and many of today’s most exciting blockchain technologies came to life using Ethereum’s operating system (Tron and EOS are the primary examples).

But now, Ripple (XRP) grows while Ethereum is shrinking

Before this September 18th, the gap between ETH and XRP was huge. Ethereum’s market value more than doubled that of Ripple’s. As we write this article, the difference among both assets is around three billion (17 vs. 20 billion). If things keep moving in the current direction, this gap could close down, and even reverse in the next few weeks, if not sooner.

The recent XRP bullish run is the highest it’s ever had. It went up by 200% in fewer than four days just a couple of weeks…

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Just In: Ripple partner Santander expands its reach using SWIFT GPI

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There is a lot of buzz around Ripple and SWIFT concerning a possible partnership. However, this buzz around them has become more intense as Ripple’s partner, Santander, partnered with SWIFT to launch its services in countries such as Argentina, Poland, Spain, and the United Kingdom. The announcement came in today. The Spanish banking giant also plans to expand its services to further countries in 2019.

It is also important to know that there are high anticipations that Ripple may announce a breathtaking announcement during the forthcoming SIBOS 2018 Conference which is held by SWIFT, and set to take place in Australia.

The event is slated to hold on the 22nd to 25th of October. The main reason for the speculation that Ripple and SWIFT will be partners is since many FinTech companies – including banks – are using SWIFT for global cross-border remittances, and on the other hand, Ripple’s technology is becoming predominant to aid cross-border payments.

As a result of the partnership between Santander and SWIFT, Ripple’s community now see the opportunity that there may be a probable connection between Ripple (XRP) and SWIFT. This can also be attributed to the fact that Santander itself is in close partnership with Ripple, as it created OpenFx, which runs on Ripple’s blockchain protocol.

Santander believes that its partnership with SWIFT will help it deliver “rapid and frictionless cross-border with fast payment tracking.”

Eva Bueno Velayos, the GTB Head of…

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