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Ripple’s five new partnerships are mouthwatering

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New ripple partnerships

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,

“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

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A Guide to Exploring the Singaporean ETF market

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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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