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Ripple (XRP) Xvia Expected To Enter 5 New Partnerships

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Ripple (XRP) is gaining stability, and in the process – it’s getting more recognized. Reports say that it might enter five new partnerships soon.

The latest reports claim that Ripple (XRP) is getting more and more recognized on the territory of Asia, as well as the EU. Some of the news from these areas even claim that five additional companies are planning to enter a partnership with this digital currency. The plan seems to be to tap into Ripple’s xVia API, and make a well-defined, new corridor that will be used for sending funds throughout RippleNet.

According to reports, the remittance companies that are planning to partner themselves with Ripple include RationalFX, MoneyMatch, FairFX, UniPAY, and Exchange4Free.

The companies are getting serious

The next couple of days have already been planned out for the payment originators, and they include multiple tests of RippleNet’s potential, as well as its xVia tool. By sending their money through Ripple, the companies will significantly reduce the cost of their future transactions, but at the same time, they’ll achieve much better speeds. Not only that, but the payment traffic’s end-to-end visibility will also increase.

The reach of the altcoin is constantly getting bigger, and the team behind its development is constantly working to make it even bigger every day. Their efforts are what allows cryptos like Ripple to expand their influence, and take advantage of the new businesses that wish to expand to the world of digital currencies.

Asheesh Birla, the senior vice president for product at Ripple, stated that remittance companies will be able to reach out to their users much better through xVia’s potential. According to Birla, the companies’ customers often run into the same problem, which is the fact that they need to create connections to networks and banks around the globe. This is a long process, and not at all cheap, at that.

Birla claims :

xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before.

The API connection, which is a standard one at this point, will not only lead to the significant increase in the efficiency rate but will also reduce the level of failure.

The five companies are not the only ones enjoying RippleNet

If the reports are true, then the five mentioned companies will be an excellent new addition to the RippleNet. However, they wouldn’t be the first ones to have done so. Back in February, Zip Remit, which is based in Canada, as well as Beetech from Brazil, have also published their intent to connect to RippleNet through xVia. Both of those are remittance companies, just like the five who got the same idea.

Ripple’s popularity and success are increasing at an unbelievable rate. It is almost as if there are no other altcoins on the market. Entering partnerships and various collaborations is something that is necessary for the altcoin. According to Ripple’s CEO, Brad Garlinghouse, if things keep going the way they are now, Ripple might enter partnerships with more than half of the biggest banks around the world within the next five years.

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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.

Image courtesy of Zach Inglis via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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