Connect with us

Blogs

Why You Should Invest More In Ripple (XRP) In The Current Market

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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:

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Elite