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Ripple’s XRP: The most amazing raw material in the crypto-world

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Ripple XRP
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Think about solutions, not about problems. Even better, think about a way of doing things that prevents any problem at all, that’s how Ripple works. At this point in time, we know some of the world’s most important issues: overpopulation, and ecological crisis, but we have the means to fight them. It’s decentralization and blockchain tech.

New financial technology is bringing previously disenfranchised people to the market for the first time in history. In India alone, this technology will bring a billion people to the market in the next five years. That’s why financial institutions must adopt this new technology. It’s powerful; it’s almost cost-free. And cryptocurrencies are at the heart of this tech.

The internet created distrust when it started as a general service, just as cryptocurrencies do now. It created skepticism, but it also created value. That is the current situation with alt-coins. Among those coins, Ripple bears mentioning.

Ripple’s XRP has been a tool for international transactions in ways that were just not suspected, even in Sci-Fi terms. It’s become essential in the fintech world. That’s why Ripple keeps winning big and performing amazingly.

Something about Ripple

Ripple’s success is linked to the painless experience it brings to international financial transactions, using the blockchain’s power. This allows fintech services to be quick, cheap, safe and cost-effective. That is empowering banks and remittance firms to use Ripple’s XRP to increase service quality as they cut down on costs.

Ripple has offices in every important city in the world, and they have more than 100 relevant fintech customers.

Ripple is growing blazing-fast

Oliver Twist asked for more. Ripple is doing that as well, and it’s getting it. Ripple’s acquiring big and small partners who understand how their currency is ideal for international transactions that are reliable, quick and cheap. Ripple thinks they will have half the world’s banks as partners over the next five years. They could be proven right.

Many coins are running away from China. Ripple is embracing it. It’s working for them because they emphasize international transactions. Not just China. The incredibly rich Persian Gulf countries are going for Ripple as well, increasing its demand and value.

xVia’s increasing customer base

Xia is one of Ripple’s signature tools. It’s unique, it’s reliable, and it’s swift. And financial institutions the world over are adopting it. It’s awesome. It allows banks and financial services everywhere in the world (even in emerging economies) to perform international transactions cheaply and in no time at all. Xia’s services include an API you can use from anywhere in a blink of an eye.

Ripple recently announced five new partners (big players in Asia and the UK) that will be adopting Ripple’s platform to do transactions.

Ripple and Santander

Banco Santander is the 37th biggest corporation in the world, and it’s been declared the world’s best bank. It’s weird, most of the world’s best banks are usually Swiss or German, and this one is Spanish, but that’s how things stand right now. And Santander’s app is built on Ripple’s technology. It’s good, it’s reliable (this humble author uses it all the time) it works in most of the world’s countries, and it’s Ripple-based.

Santander’s One Pay FX can deliver European payments on the same day or the following day outside Europe. It’s quicker than Paypal and other fintech options.

“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander,” Ana Botín, executive chairman of Banco Santander declared shortly after it was unveiled.

“Transfers to Europe can be made on the same day, and we are aiming to deliver instant transfers across several markets by the summer.”

Ripple is investing heavily in improving their scope and their technology. They are also getting the right partners. Keep an eye on Ripple. Do not bet against them.

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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 Adrian via Flickr

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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