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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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