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

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Ripple XRP
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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.

Photo by SpaceX on Unsplash

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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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