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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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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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