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Here Is Why XRP Does Not Need Coinbase and the SEC

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XRP
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The problem with modern day digital media is that it is very easy for a small story to be blown out of proportion. There is also the tendency of taking one serious issue and hammering it down the minds of the audience to the point where they are afraid to think otherwise. Take the case of XRP (XRP). Ask any crypto-trader or enthusiast out there why they have not bought XRP and they will tell you that the SEC has not made a decision on whether or not it is a security. They will also quote Coinbase in saying that XRP is not decentralized enough as prescribed by the Digital Asset Framework at the exchange. There is also the issue of pending lawsuits against Ripple.

But what they forget, is that XRP is making inroads in the countries of India as well as Japan. There is also an untapped market in Africa that is known to embrace micropayment platforms such as MPesa (Mobile Money transfer). This means that XRP can dive in and catapult itself to the stratosphere of mobile payments in Africa.

From the point of view of a global citizen, the decision by the SEC and that of Coinbase not listing XRP are inconsequential to the expansion of the digital asset across the globe and its potential in solving real-life problems.

Take the case of India. Ripple opened a new office in Mumbai and is planning more banking partnerships despite the ongoing RBI ban. There is also the question of the Indian government favoring digital transactions over paper money to curtail corruption. What better way to do that than by using XRP. As a matter of fact, XRP is widely available in the two local exchanges of Zebpay and Unodax. The digital asset is a base pair on both exchanges.

Moving over to Japan, the SBI Holdings firm has been bosom buddies with Ripple since 2016. The SBI Holdings company has even launched the SBI Virtual Currencies exchange (VCTRADE) that has XRP written all over it. There is also the remittance wing of SBI Holdings known as SBI Remit that is powered once again by xCurrent.

The topic of xCurrent brings us to the Santander Bank in Europe and its OnePayFX mobile App that allows for the ease of transfer of funds from within Europe as well as South America. There is also the ability to send between the two said continents with plans for continual expansion.

In conclusion, global adoption of Ripple banking products and XRP will be the major factor in determining the future of the two entities. The United States has proved to be somewhat hostile to both Ripple and XRP despite the fact that both were created in the US. Perhaps what might happen, and in the words of Bob Marley,  is that ‘The Stone that the builder refuses, will always be the head cornerstone’. Ripple and XRP will continue to prosper outside the United States.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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