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Ripple’s Xpring partners with OMNI letting you get paid in XRP

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It’s not just about Ripple and its digital asset, XRP – every firm will need the blockchain respectively as per their niche. Now, there is no doubt that any company that intends to make a mark in their respective field has to have a cryptocurrency and blockchain technology strategy. As Tom McLeod, the CEO and founder of Omni, said in one of his recent interviews, “I think any business scaling today has to have a cryptocurrency strategy. For us, this is the beginning.”

Back in January, Omni, the on-demand property storage and rental bazaar, managed to raise about 25 million US dollars in XRP tokens which was considered by many analysts as an opportunist move to take advantage of the cryptocurrency boom. Since then, the cryptocurrency industry has gone thriving with Ripple’s XRP being at cross-hairs with regulators who are still debating on whether the digital coin is security with extra restrictions or a currency.

Now, Omni has an opportunity to get rid of some of its XRP assets. Omni is now starting to allow individuals to get paid in XRP tokens when they hire out their materials to associated users. Their balance of earnings is stored in US dollars, but they convert it to XRP during withdrawals at any time without incurring any fees. Omni is now successfully integrated to Ripple’s XRP Cash Out platform that will enable Omni users to have the option of cashing out their rental earnings to any XRP wallet of their choice.

This is yet another fete for Ripple’s default currency, XRP, as it is the first milestone that will allow consumers to get their hands on XRP coins outside of an exchange.

According to McLeod,

“In every other cryptocurrency investment scenario, individuals are forced to risk their own money. But what we are trying to do is to allow users to be able to put items they already own to work for them and allow them to earn XRP coins while they relax”

Omni CEO continued,

“With this kind of integration, individuals will essentially double dip on ownership-as-investment by investing a portion or all their proceeds back to the cryptocurrency market and by unlocking liquidity early.”

Ripple’s Xpring was selected for this integration early this year given that it is already an instantaneous and cross-border payment platform that has crucial technical capabilities to implement solutions. On the other hand, many users might not want anything to do with the virtual currency, XRP.

The goodness of this partnership is that users who do not want XRP have been given an option to ignore the feature as it is not being imposed on users. However, they will not be able to disregard Omni’s aggressive campaign to get people renting their goods and materials out.

Omni’s Brief History

As a self-storage startup company, Omni began just as a storage service company with the goal to transform the traditional self-storage ecosystem. Currently, the company is available in Portland and San Francisco.

How Omni services work is by allowing users to store their products for a flat convenient monthly fee per product and also allowing the very same products to be rented out to strangers. By doing this, they assist their customers to earn money on the items that include fancy plates, bikes, and many others, that could have otherwise collected dust in their backyards or storehouses.

Users usually schedule a pick-up date with Omni, where their representatives come to your premises, check on the condition of goods and take a photograph of them. They then take them away to their storehouses where space costs are lower than the City center or at a users’ home. The amazing convenience of the service is that a person can request the return of their goods in as little as a few hours, creating a facade that your items never left your premises.

A majority of traditional self-storage units usually do not open in the night hours and collecting your items are a big hustle that often requires a truck. Omni is changing all this with their revolutionary framework. And now allowing users to cash their earnings out with third largest cryptocurrency, XRP, is nothing short than a revolutionary move.

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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 Ivanovgood/PixaBay

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The Stability is Here: USD Tether Comes to 1xBit

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Cryptocurrencies have been stirring the interest of the general public for the last several years, mostly because of the wild price swings that yielded massive profits for the dextrous speculators. The unprecedented level of security, almost complete non-traceability, superior speed of transactions, and substantially lowers fees are among the factors that facilitated the embracement of cryptocurrencies by the millions around the globe.

But on the flip side, high volatility, inherent to digital currencies, has oftentimes dissuaded traditional investors, traders, and common users from entering the space. However, things have changed after the emergence of stablecoins, the type of cryptocurrencies explicitly designed to provide holders with a hedge against severe volatility, thanks to their direct binding to the so-called “stable” class of assets or commodities. Those assets come in the form of the traditional fiat currencies (USD, EUR, CNY) or the traded commodities (gold and other precious metals, crude oil, rubber). Over a short period of time, stablecoins became a cog in the crypto machine, with one coin currently dominating this niche.

USD Tether: stability amidst the total volatility

Similar to Bitcoin, the dominance of which has already surpassed the 70% mark, USD Tether (USDT) currently holds the upper hand among the peers. The idea concerning the issuance of a cryptocurrency that would be pegged to the US dollar, along with a basket of other traditional currencies, to provide…

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Now is the Perfect Time to Become a BitStarz Affiliate

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Cryptocurrency isn’t just a passing fad or get rich quick scheme, it’s an innovation that is changing the world as we know it. No industry has benefited more from cryptocurrencies rocket to the moon than iGaming, as it’s grabbed onto the digital coin revolution with both hands.

What was once something offered by just a few niche casinos has actually catapulted the likes of BitStarz to industry superstardom. The growing benefits of Bitcoin and other cryptocurrencies used in iGaming simply can’t be ignored, with affiliates now also able to reap the benefits – there simply is no better time to become a BitStarz affiliate!

Affiliate Marketing is a Money Maker

Affiliate marketing has a hand in almost every industry, even if you don’t see it. In fact, from retail all the way through to ICOs, affiliate marketing has a role to play in generating business and brand awareness for companies around the globe. This certainly isn’t a one way street relationship either, as affiliates under the right scheme can generate huge revenues.

Where there is iGaming there is affiliate marketing, the two just seem to go hand in hand. Long before other industries woke up to the value of affiliate marketing, iGaming was already ahead of the curve. Now, take a new innovation like crypto, which commands headlines, and mesh it with the ever popular online casino industry…

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Australia progressively develops a crypto scheme

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Cryptocurrency and the Bitcoin first entered our vocabulary in 2009. It has been 10 years and up to now many people recognize this terminology, however, it is not really used for payment. Despite it is slow progression worldwide, Australia is a growing market for it. Gambling and online casino is also strongly developing in Australia and it is using more digital exchanges. According to various statistics – online casino Australia is a widely researched topic and surely is attracting more and more people along with cryptocurrencies. There had been some changes in taxation and cash payments, so it is very likely that Australians will go digital and buy cryptocurrency very soon.

Australia has legalised cryptocurrency since 2017 with the support of the government. They have to be treated as property and subject to Capital Gains Tax(CGT). The change in tax law surely demonstrated how Australia is progressing towards digital.

In 2018, new cryptocurrency exchange regulations came into place and it got more complex. The new rules required exchanges to be registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) in order to prevent deceptive activity.

Australia looks ready to include Initial Coin Offerings (ICOs). They are cryptocurrency’s way of community funding, which came into public back in 2014. Although it has been banned in China and criticized By the Us, Australia keeps being open to new possibilities…

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