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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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How Cryptocurrencies Will Change Online Gambling in the Future

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online gambling
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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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