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Stellar vs. Ripple: Is XLM a safer bet than the XRP?

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Stellar vs Ripple
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Stellar Lumens and Ripple are two powerhouses in the new world of digital currencies. As we all know the two digital currencies share many similarities as both of them were created by the same person, the founder of Edonkey, Jed McCaleb.

Ripple (XRP) was born from OpenCoin corporation, while Stellar XLM was born from a non-profit organization known as the Stellar Development Foundation that is based on Ripple Protocol. The creation of Ripple was based on the attempt to resolve issues concerning international payments by providing with lower costs and faster transactions; while the invention of Stellar was done to fix Ripple’s problems. XLM was primarily grounded on XRP’s system and was aimed at redesigning the global economy for more inclusivity. But with the system’s complexity, Stellar later decided to redesign itself to be a brand in itself.

Ripple is preferred by multinational corporations and banks to make international payments via XRP coins’ transfer through its (Ripple) network. The result is considered as liquidity on demand. Ripple at the moment is being tested as an option for international money transfer. On the other hand, Stellar allows individuals to trade money directly with one another using XLM as the medium of exchange, and ‘anchors’ to handle the aspects of fiat currency.

Critics argue that with Ripple (XRP) reaching out to large corporations and financial institutions, people might get tired of it just as they did with the bureaucracy and control of financial institutions that lead to cryptocurrency in the first place.

The argument is that individuals could opt out of Ripple at some point when they do not want anything to do with financial institutions and banks and instead turn towards one on one dealings without the need for intermediaries.

In an aspect, the peer to peer economic model that allows a safe peer to peer transaction is taunted to be the most significant need by most crypto experts. The third-largest digital money is also finding problems for getting listed in two of the top American cryptocurrency exchanges, Gemini and Coinbase despite their endless appeals and persistence.

With all the hype Ripple is generating, its absence in these markets is eye-catching. Recently U.S officials warned unlicensed exchanges not to list tokens that could be deemed securities. A single company controlling Ripple is fueling speculations that it could fall under that designation. Earlier this year, Brian Armstrong, the CEO of Coinbase also added his sentiments into the pool stating he is not a supporter of Ripple.

Nagging court battles with R3 HOLDCo, who in the past have already won one court case against XRP complicates the image of the company. Despite persistence and zeal from Team XRP, constant legal issues and court cases are tainting its image of being a favorable mode of transaction.

Ripple’s great large supply of digital coins also is not doing good for investor confidence. Its dropping prices could be attributed to negative news in the market. Meanwhile, XLM has managed to capture support from its community with investor confidence peaking in anticipation of future developments as the currency wants to facilitate cross-border remittances for mostly the unbanked. Moreover, the major partner IBM will promote this in several countries in Oceania region.

Nevertheless, even though Ripple seems to be running into some issues at the moment, one should never forget that Ripple has got brilliant people on its team and the crypto has never-ever failed to surprise thus far. Consequently, deciding on either of the two looks like a tough decision to make. In fact, as it stands now, these two cryptos are not of the same market or design. Yes, both work in the same business and banking community, but yet both coins’ markets are emphatically different.

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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 Mark Brooks via Flickr

Altcoins

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

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Aluna.Social
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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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collateralized debt position
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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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