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Can Ripple (XRP) now hit the $7 valuation before the year ends?

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Ripple (XRP) is one of the leading top five cryptocurrencies in the market with impressive market capitalizations. For a while now, Ripple’s prices have been trading below even half-dollar mark which is far from its all-time high valuation of 3 US dollars for one single XRP digital coin.

In the recent past, the markets have witnessed the growth of Ripple to become one of the top blockchain technologies in the market to be massively adopted. Thanks to Ripple’s appeal towards many industry players, many companies and firms are showing readiness to incorporate and partner with Ripple (XRP) with some exciting deals closing already.

Many financial companies and institutions around the globe have adopted Ripple’s xCurrent technology for their operations due to the main reason for its operational ability and effectiveness in simplifying operations.

The recent release of the Codius smart contract platform by Stefan Thomas took a lot of crypto enthusiast by surprise, exciting many of Ripple community members. Stefan Thomas, Ripple’s former CTO, now runs Coil.

The release of the Codius smart contract signals the extension of the Ripple family with its main goal is to introduce the interoperability of various blockchain technologies with one another devising new ways to earn money from the internet. Hence the good reason why I believe Ripple might still stand a chance to ‘at least’ hit the $7 mark before this year ends.

The Impact of JP Morgan Ripple Partnership

JP Morgan is considered as one of the largest investment banks in the world. The collaboration between Ripple and JP Morgan might have significant effects on the price value of XRP, as some of Ripple’s products such as the xRapid continues to gain popularity with major banks.

On a recent communication by JP Morgan’s, the investment bank is working tirelessly to come up with a real-time payment platform that will incorporate Ripple benefits to their customers and clients. The announcement comes at a very good time igniting hope for Ripple and XRP investors. However, the controversial issue is whether JP Morgan will be partnering with Ripple Inc. or XRP considering their different management nature.

Does Ripple Stand a Chance to Reach $7?

For XRP holders and investors who are interested in the future value of the digital token, learning about its prospects is valuable considering the numerous rumors going around.

First of all, it is prudent to know that Ripple has three different platforms. Ripple as a platform is designed to aid in money transfer quickly and economically. Of the three platforms under Ripple, it is only one platform, xRapid, that requires the XRP coin to work.

Normally, Ripple emphases on promoting the other two platforms, xVia, and xCurrent, that do not require the indulgence of XRP. Xcurrent is extremely useful in financial institutions and banks while xRapid is used for allowing near-instant money transfer irrespective of the amount, globally.

By adopting xCurrent, Santander, one of the largest banks in Spain, is going to allow its clients to transfer money fast and in a secure way without using XRP. This incorporation along with other comparable partnerships is what is rumored to push the price levels of Ripple (XRP) to high levels of at least $7 this year.

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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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…

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

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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…

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