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The Ripple (XRP) Powered Santander App Is Amazingly FAST

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Ripple
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The team at Ripple (XRP) have provided a video demonstration of a live transaction on the Santander OnePayFX app. In the video shown by the Ripple team, we see the user having an easy time navigating through the payment options between the USD and the Euro. The user then proceeds to select the recipient of the payment who happens to be in the United States. The sender is in the U.K who then proceeds in selecting ApplePay’s platform to complete the payment. He selects his Santander Debit card and the transaction is then complete at the touch of a button and in a few seconds.

The entire video is embedded below for your viewership:

This demonstration proves what Ripple fans and HODLers have known all along; that XRP transactions are fast (3.3 seconds), secure and cheap ($0.0004 per transaction) on the blockchain. The OpenPayFX comes at a time when bank customers live a busy lifestyle and want banking options on the go rather than queuing at a bank or ATM. OpenPayFX does just that and leads the way in terms of fintech solutions on the blockchain. The App is currently only available on the Apple iPhone platform.

It is, therefore, no surprise that the Santander Bank has chosen Ripple solutions for 50% of the bank’s international transactions.

Ripple has proven once again that it has solved the remittance industry problems by making them faster, cheaper and secure on the Ripple ledger. As the Ripple solutions continue being adopted by banks and financial institutions, it might be safe to conclude that XRP might eventually become the global reserve currency for central banks.

Current market analysis indicates XRP is still trying to get a footing in this volatile times of crypto trading. The coin is currently trading at $0.612 at the moment of writing this and down less than a percentage point in the last 24 hours. Bitcoin (BTC) still continues to dominate the market at its current price of $7,420.

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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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Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

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