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

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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.

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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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