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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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