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Ripple’s (XRP) Journey in May 2018

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Ripple

Ripple and Xpring

Ripple focuses on introducing blockchain technology and faster transaction system to various businesses. “Xpring is a new initiative by Ripple that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs.” (Ripple official website) The XRP ledger and the digital asset XRP will be utilized by the entrepreneurs to provide solutions to their customers in a new found way.

Ripple (XRP) and Mitsubishi Corporation and MUFG (Mitsubishi UFJ Financial Group)

Mitsubishi had announced that they are going to test the technology of cross-border payment implemented by Ripple. Standard Chartered had made another announcement stating that they will take part in the remittance test. It seems that Ripple has made its mark with many such partnerships with internationally renowned banks and other financial institutions. The announcement comes on time when people are complaining about the taken to do a transaction and the charges implemented in the process. At present, the international money transfer system uses the SWIFT network and the transaction costs are high as it is a multi-layered process involving various banks to reach the recipient address.

The whole process will take place through Ripple (XRP) to support a faster transaction system and reduce the expenses. The objective of Mitsubishi is to incorporate Ripple’s cross-border payment technology in the public sphere such that it can be used for regular use. At the moment, according to the official statement, the transactions will be made using Singaporean dollars. The transaction will start from Thailand and end in Singapore. One of the Mitsubishi subsidiaries will use an Ayuthaya Bank account to send funds to a previously established account owned by Mitsubishi Corporation Affiliate in Standard Chartered.

“The successful launch of our commercial cross-border payment service marks a significant milestone in the financial industry’s progress in applying distributed ledger technology for corporates.”

  • Gautam Jain, managing director and global head of client access

SEB, MUFG, YES BANK, Cambridge Global Payments, BBVA, and Akbank are just some of the companies with which Ripple had partnered up since 2017 to ensure a safer, faster and less expensive transaction system.

Ripple and Apple Partnership

The point that made Santander and Wilderness Inc. choose Ripple over other cryptocurrencies is that it can also be used to conduct internal transactions within companies that also incorporates “international” and “cross-borders”. As xCurrent or xRapid platforms of Ripple can be easily incorporated into these companies’ ecosystem, the transactions are completed much faster securely and at low costs.

Being a giant in the tech industry, Apple specializes in assembling sophisticated pieces of tech to provide an easy to use and reliable interface. Thus, Apple announcing that it will partner with Ripple for installment record and administration can be beneficial for both the sectors. However, Apple will at the moment only implement Ripple’s technology. If in future, Apple adopts the crypto coin then the clients of the tech giant adopting XRP token will be a huge success for Ripple and will enhance its market presence. Stellar is on the way to give tough competition to Ripple and other cryptocurrencies, therefore, this announcement comes right on time.

Ripple (XRP) Price Analysis

Studying the historical price chart of Ripple (XRP) at coinmarketcap.com, it seems that the crypto coin is experiencing the usual fluctuations of the cryptocurrency market. When the weekly chart is observed, the downtrend is losing its strength as the price seems to be unable to reach below the $0.47, XRP’s lowest in April 2018. This will hopefully start a bull trend. The Twitter announcement of Revolut on 18th May about a ‘BIG’ update in the next week seems to have triggered some instant response from the community and Ripple fans. (The Revolut app allows the users to connect to a bank account where they can hold, buy or exchange cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The value can be converted to 25 fiat currencies.) Also, the partnerships with Mitsubishi and Apple can also be the indicators of bulls taking over the Ripple market gradually. However, according to coinmarketcap.com, at the time of writing, the price of Ripple (XRP) shows $0.675 USD (-3.43%) approximately. A market cap of above $26,481,000,000 USD and volume (24h) of approximately $237,661,000 USD keeps the crypto coin floating at 3rd position. (As of 22nd May 2018)

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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.

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Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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