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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

Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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