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Ripple’s (XRP) story could improve a lot because of this

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Ripple XRP

Ripple’s platforms have been tested many times so far. The crypto comes on top of every test almost every time. Their solutions (xCurrent, xRapid and xVia) are robust, functional and reliable. It’s no surprise why Ripple and their coin (XRP) are being adopted by more banks and financial institutions all the time.

Ripple’s technology will be put to the test again as Bank of Ayudhya (Krungsri), Standard Chartered and Mitsubishi Corporation just announced a test project in Singapore and Thailand.

Ripple Net’s volume has been growing exponentially, and these new partnerships will be a significant milestone for Ripple. The main point in this pilot program is to show how quick and reliable Ripple is when it comes to international payments.

Both Mitsubishi Corporation and Standard Chartered are among the world’s powerhouses. Their liquidity is absolutely without question. If they can turn to Ripple after the pilot works well, that could change Ripple’s history for good.

Ripple’s new business model

It’s called Coil. Not the one you know but a new business model that will find out a way for web owners who are trying to pay their top contributors to deliver. Stefan Thomas, Ripple’s CTO is the man behind this plan, and he’s ready to step down to make it happen.

Also, Ripple’s Chris Larsen and Evans Schwartz have joined the Coil team. It will use Ripple’s interledger protocols in order to offer better rewards for every user and produce better incentives for apps and digital content. The company is based in San Francisco, at Silicon Valley’s heart.

While there is no release date for Coil just yet, it’s fully backed up by Ripple regarding resources and money. It will appear on the web rather sooner than later.

Ripple matches Tron

Zebpay is India’s most important crytpocoins exchange platform. It recently started to allow crypto to crypto trading, and they chose Tron and Ripple to be the first couple of digital currencies to be mutually traded.

Zebpay announced the event through their twitter official account, and positive remarks hailed it. The XRP/TRX is the first coin coupling in the platform, but more are expected to come about in the following days.

The Ripple (XRP) blockchain gets to the top

Ripple organized the VIP blockchain week in New York City. It will bring together enthusiasts, educators, developers, and exchanges. It will be a big event. Snoop Dogg, the American rapper, performed for the attendants at the XRP Community Night which took place a couple of nights ago, May 15th.

Ripple’s price and performance

Ripple’s XRP was trading as low as $0.63 last May 12th which was a big blow for it. But the crypto-coin has been along with other currencies that are leading the pack back into a comeback and recovering green numbers.

XRP’s prices have risen significantly over the last three days. As we write this, it’s at $0.69 per token. Ripple is still the world’s third largest digital coin by market cap at 29.131 billion dollars.

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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.

Image courtesy of Romildo Campos via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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