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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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