Connect with us

Featured news

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

Published

on

Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

Continue Reading

Elite