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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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