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Ripple (XRP) To Soon Be Available In The Philippines Through This Platform

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The Ripple website’s buyer’s guide lists all the exchanges that a trader can buy XRP. The list includes the popular exchanges of Bitstamp, Kraken, Coinone, Bitso, Coincheck, Korbit, Qryptos, Bitbank, Bitsane, BTC Markets, LiteBit, Bitcoin Co. Ltd, Gatehub, bitcoin.co.id, CEX.io, BitOasis and SBI Virtual Currencies.

Many Ripplers already know that the SBI Virtual Currencies exchange went live only a few days ago. In the announcement, the SBI Group wants XRP to be the centerpiece for the trading platform. The exchange went ahead and listed XRP as the only digital asset that will be available at first.

The exchange has since added Bitcoin (BTC) and Bitcoin Cash (BCH) to the website’s buyers guide on cryptocurrencies. Further investigations yield that the exchange will allow pre-registered users to start trading in the new cryptocurrencies as early as Monday 18th of June. All three cryptocurrencies of XRP, BTC, and BCH will be paired against the Japanese Yen.

Revisiting the Ripple buyers guide once again, yields an exchange or platform that has been listed as ‘coming soon’.

SBI Virtual Currencies next to a ‘coming soon’ exchange on the Ripple website’s buyers guide

This new platform that XRP will be listed on, is known as Satoshi Citadel Industries (SCI). A quick google search indicates that the platform is based in the Philippines. SCI deals with payment processing as well as international remittances. The latter is a field XRP has specialized in, making the listing on SCI even more exciting.

SCI also deals with mobile money payments and currently has an app known as Rebit that works on the Bitcoin network. Rebit allows users to transfer funds globally as well as other payments such as payroll, payment of monthly bills and loading mobile phones with prepaid talk time. Perhaps SCI and Ripple will come up with an xCurrent powered app similar to the one showcased by Santander only a few weeks ago.

Back in May last year, SCI had declared their intentions of listing XRP on their platform. In the announcement, they said that:

“SCI will soon start supporting Ripple’s XRP across several of our services. Starting with Buybitcoin.ph, our users will be able to buy and sell XRP with Philippine Pesos fast, safe, and easy, with support on Rebit.ph for remittances and Bitbit.cash for mobile money to follow in future integrations.”

As soon as SCI integrates XRP, then the liquidity of the coin would have expanded to another global powerhouse in mobile App remittances. The sky is the limit for Ripple in the remittance industry.

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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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