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Why You Should Invest More In Ripple (XRP) In The Current Market
Released in 2012, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. It is also known as Ripple Transaction Protocol (RTXP) or Ripple protocol. This coin is based on a shared and public database or ledger. This coin is widely used by many reputed companies such as Unicredit, UBS, and Santander and it is also adopted by banks and payment networks. According to the cryptocurrency market experts, Ripple has a number of advantages over other important cryptocurrencies like bitcoin.
It is true that Ripple is one of the most popular coins in the realm of cryptocurrencies. It is a kind of cross-border payment system without any sort of drawbacks like longer transaction times and high rate of fees. However, the current market environment is valuing the price of the Ripple (XRP) way too cheap. Based on estimations made by crypto market experts, the future of Ripple is quite bright in the coming years. Some of the important reasons to buy Ripple are discussed below:
Reasons to Invest in Ripple:
Although the price of ripple is a bit low yet it is the ideal time of investing in Ripple. The reasons are discussed below:
- The partnership of Ripple with Bithum-Korea Pay Service:
Bithum is considered as South Korea’s biggest cryptocurrency exchange and its recent partnership with the Korea Pay Service boosts the value of a Ripple in the near future. This recent news actually attracts more investors to spend on the crypto token in South Korea. The increased use of Bithum actually increases the volume of XRP trading. It is the South Korean traders who anticipated 100 % surge in Ripple price a few months earlier and there is a huge possibility that the same might happen again.
- London Block Exchange and Uphold Prefer Ripple:
Uphold, a well-known crypto bank provides you the opportunity to buy and hold Ripple without any transaction fee and you can convert it to 23 fiat currencies and 7 other cryptocurrencies. You also have the opportunity of converting it in 4 precious metals. London Block Exchange, UK’s only crypto exchange also added Ripple. This results in price surge of Ripple and there is a great expectation that your investment in Ripple will surely pay you huge dividends.
- Ripple, identified as a suitable solution by the Central Bank of Netherlands:
Ripple is used as a payment system by the two German and American banks and there are many well-known financial institutions that are experimenting with the Ripple and its network. Ripple is also identified by Netherland’s Central Bank as a suitable solution to have a more efficient payment system.
- Ripple’s partnership with Western Union:
Ripple has entered the trillion dollar industry. In the month of January Ripple CEO, Brad Garlinghouse declared its partnership with top three money transfer companies. Western Union is one of them, and its partnership with Ripple helps both in creating a solution for users all over the world. Western Union app has made the system more user-friendly by allowing the users to send funds to more than 500,000 agent locations around the world. This 24X7 service also provides the users the opportunity to transfer funds in a quick and secure way. This app in fact goes on live in Jamaica also.
- Holding of coins will further raise the price:
Ripple (XRP) is in the news for quite some time because of its frequent association with big entities from all over the world. The only reason why the prices are still low is that the three payment settlement software which is used by Ripple does not use XRP coins. However, according to the views of the cryptocurrency market experts, Ripple will see a great boom in near future.
Conclusion
Thus, Ripple has a bright future. The investors who have realized this are trying to buy and HODL on to their coins. This, it will drive the price of Ripple as the circulation will come down. On the other hand, a lot of promotions have been made by the Ripple investors. If the partner organizations start using Ripple coins then the price rate will become higher instantly.
These are some important reasons, why you should buy Ripple (XRP) right now as the price is quite affordable. An opportunity like this is really rare and you should grab this instantly. According to crypto market expert’s predictions, the coin will grow at a breathtaking pace.
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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 Jim Makos
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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