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SWELL 2018 could send Ripple’s XRP price to the sky

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Ripple XRP

For many of us, Ripple’s XRP is one of the biggest puzzles ever existing in the crypto world. Truth be told, the third largest cryptocurrency by market capitalization has had remarkable ups and downs during its existence, so even when the coin seems to be in the top at some point later things get a little complicated, a fact that has only taken us to be pretty much clueless about the crypto.

Nevertheless, this perception may be getting to an end soon, as some of the doubts will be finally elucidated in the SWELL event that is going to be held on October 1-2.

With relation to SWELL, it is an event hosted by the company behind the XRP token that “connects the world’s leading experts on policy, payments, and technology for the most provocative dialogue in global payments” as the webpage of the event itself describes it.

After the enormous success of last year, SWELL is coming for a second round in which some of the most reputed institutions from the financial sector will discuss the panorama for cross-border payments in the whole world, and of course, we are all expecting that Ripple surprises with big announcements. Let’s see all the details.

SWELL and the xRapid solution

As it has been mentioned on several occasions, despite Ripple has built the greatest relationship with the financial sector, especially, with central and commercial banks, these alliances have been made mostly through xVia and xCurrent, solutions that actually have nothing to do with the XRP token. In this sense, we have all been wondering, when will it be the time for xRapid (the Ripple product that uses XRP)? Well, that time has come up.

xRapid, the liquidity solution made by Ripple Labs, has finally passed the beta tests and is now ready to be introduced to financial institutions.

Let’s recall that last week Ripple sealed a partnership with the NCB to test xRapid as a cross-border payment solution, and additionally, Mercuryfx and SBI are already testing the solution that integrates the XRP token.

In this manner, what we are expecting the most is that in the highly advertised event about to come, Ripple announces what other financial institutions are trying the liquidity solution already, or at least what approaches have been made with relation to this.

Let’s recall that when it comes to actions taken in the banking sector, most of them tend to follow one to another to keep competitivity in the picture. So it’s just a matter of a single adoption for the rest to follow the trend, and this would bring as a consequence the price-skyrocket of the XRP token.

For its part, SWELL will be an important event as well for Ripple as it will bring the endorsement of figures such as the head of innovation at the Saudi Arabian Monetary Authority, Mohsen Alzahrani, and the representative of the central banks in Latin America, Marcello Yared.

Conclusion

We can all expect good things for the XRP price in the coming days. In fact, this is the second week that the crypto market shows some stability (still in red, though), and Ripple has followed this tendency even growing in a 1 percent during this period.

In both, short and long-term, the XRP token is a safe investment right now, and the price could even shoot to 0.70 dollars after the SWELL event, a fact that would repeat the achievement of last year when Ripple showed significant increases in the fourth quarter of the year. Stay tuned.

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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.

Photo by SpaceX on Unsplash

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

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One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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