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Ripple’s five new partnerships are mouthwatering

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Ripple is an enterprise that offers a cryptocurrency and also blockchain solutions for global financial transactions that are safe, reliable and very fast. The firm has offices in San Francisco, New York, London, Sidney, India, Singapore and Luxembourg (basically, they are everywhere it matters to be), and they have more than 100 global corporate customers including Banco Santander, which is considered to be the world’s best bank these days, and it’s the 37th biggest corporation in the world.

The company has just announced that five new clients will be joining their global payments platform (called xVia) so their international transactions will be served by RippleNet.

The new partners are RationalFX (U.K.), FairFX (U.K.), Exchange4Free (U.K.), MoneyMatch (Malaysia), and UniPAY (Georgia).

Ripple’s xVia is an API that is easily integrated into many computer and smartphone ecosystems. It allows users to use RippleNet to exchange Ripple’s altcoin quickly, safely, transparently and at a very low transaction cost. These new partnerships will also give Ripple access to new markets that have been outside any cryptocurrency’s scope so far.

“By tapping our global network with xVia, our customers now access new markets quicker and cost-efficiently,” said Asheesh Birla, senior vice president of product at Ripple.

Birla further added,

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“All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. It’s expensive and time-consuming. xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before.”

The xVia platform allows payers to use RippleNet to create and sustain a financial connection in which errors and failures are rare, unlike in traditional wire transfers, at a fraction of the cost traditional international transactions usually need.

“xVia will allow us to reach more people, more efficiently and at a lower cost,” said James Hickman, the chief commercial officer at FairFX. Mr. Hickman continued,

“It will also enable us to deliver on our commitment to give customers the most transparent, efficient and truly global money transfer experience possible using RippleNet.”

Ripple is global, and it has physical offices in many crucial cities all over the world. But they are not taking it easy by any means. Just two months ago they announced an expansion that will include India, Brazil. They joined forces with Hong Kong’s LianLian in a move that will bring Ripple to the mainland China‘s market.

Keep an eye on Ripple. They’re getting the right partnerships and growing very quickly.

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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 Neil McIntosh via Flickr

Altcoins

Can Tron (TRX) follow in the Ripple (XRP) footsteps?

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It’s no secret that the cryptocurrency markets have been in an overall slump, especially when you consider all of the bearish action for bitcoin, ethereum, and altcoins, in 2018, compared to the incredible bull run of 2017.

While many people believe that this is simple consolidation, others paint the narrative that many are unsure about real-world applications for blockchain technology and whether institutional money will flow into cryptocurrencies at all.

Ripple is undoubtedly changing that narrative, recently surging over 80% thanks to its developments and partnerships with financial institutions.

It even briefly took Ethereum’s spot as the number two coin by market capitalization, in a price rally that confirmed a trend reversal and stunned many investors and traders in the cryptocurrency community. The price eventually decreased as Ripple returned to the number 3 spot concerning market cap, but the price movement certainly made a statement.

There are those who have been wondering whether Tron could make a similar move eventually, considering it is a project that has decreased dramatically in market cap, and many consider the coin oversold.

The fact that Ripple made an 80% move that quickly gave hope to other altcoins, and comfort to the cryptocurrency community that may be in the red that not only was it possible to break even again, but all was not lost in the markets, and that they can begin hoping to profit, in the long term.

Altcoins

Key factors why we may see a big Tron (TRX) boost shortly

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Tron is a decentralized platform that makes use of a Peer-to-peer system for its network. The platform aims to decentralize the web and also change the content (entertainment) industry.

Talking about the blockchain project’s history, Tron was created by Justin Sun – a protégé of Jack Ma. At the moment, lots of contents are managed by middlemen such as Facebook, YouTube, and the likes. But Sun aims to create a system that helps content creators have full ownership of their contents (and of course earn more as there won’t be any middlemen).

Subsequently, Tron aims to liberate the entertainment industry and the contents that are shared in it and also by making sure that there is a system where data can’t be controlled (the true decentralization and security).

It is important to know that Tron (TRX) is also a platform that permits the distribution of digital assets exchange and market forecasts.

What are the advantages that Tron (TRX) brings to the table?

Tron has lots of advantages. Its team of developers is top-notch, and it also has a futuristic leader: Justin Sun. Tron is a platform that helps content creators; its users are eligible for gains distributed by the platform.

Clearly, this blockchain platform was created for people with a great interest in the entertainment world. It is worth keeping in mind that Tron has launched a series of projects that benefit not only the platform but also its…

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Ripple jumps 50% again today, 3 reasons behind current XRP rally

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In the last 24 hours, lots of digital assets in the crypto space have experienced a surge at the rangebound of 2-10%. Nevertheless, the cryptocurrency that is leading in the current wave is Ripple (XRP). Ripple is driving with almost 10% more gains than the others, even the Bitcoin.

Right from Tuesday this week, the price of XRP has increased by 40%. Considering that, Ripple has undisputedly been the growth leader on the daily price trend in the recent ‘nice-little-rally’ this time. It is important to know that its volatility has reached maximum heights since the beginning of this year.

As a result of the rangebound surges that are experienced in the crypto market currently, the total market capitalization totals to $2 billion. More importantly, the market cap of Ripple also reached $22 Billion – almost equivalent to Ethereum’s current market cap of $23 Billion.

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Today, XRP even took Eth spot on coinmarketcap for a while as it became the second largest crypto, which the cryptocurrency couldn’t hold for long (on the third spot yet). At the time of press, Ripple (XRP) trades at $0.5663…

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