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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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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