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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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