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XRP Captures 50% of India Crypto Market




Ripple’s strategy for advancing XRP in the global crypto market seems to be starting in India. Its representative recently talked about this and explained what Ripple is trying to achieve.

Ripple owns half of India’s crypto market

Asheesh Birla, Ripple’s Senior Vice President of Product has talked about Ripple’s recent acquisition of a large number of market shares in India. Birla explained this on a panel at Wharton School of Business and stated that the plan is to eventually root in the economy on a global scale.

According to Birla, Ripple currently owns about 60% of the total supply of XRP tokens. The company’s next goal is to try and convince banks and financial institutions of India to open their doors to RippleNet. Doing so will allow them to connect to over 70 other banks and financial institutions from around the world, that have already entered into a partnership with Ripple. The only condition is that the banks of India will have to use Ripple’s tech for payment processing.

If successful, Ripple will effectively gain up to two billion users, and the question of whether Ripple can even handle that many customers arose. He continued to explain that the plan, at first, was to approach the three biggest banks in India. This move would effectively bring Ripple around 80% market share. However, the realization that within five years, over a billion people will become phone-banked in this country, Ripple decided to start targeting telecommunication companies and mobile phone providers.

This allows Ripple to tap into around 50% of India’s market. This is the percentage that has either already joined Ripple, or is expected to do so soon enough.

Stepping stone for reaching world marketplace

Ripple’s newest actions brought it a lot of success, and they are currently making more than one deal per week. Birla stated that this is a dramatic advancement and that Ripple is selling its products to banks left and right. According to Birla, the current trend is to disrupt the banks. However, Ripple has decided to take a different road and has instead started working with them.

The Ripple (XRP) community blog pointed out that the situation in India might not be as good as everyone is expecting, especially when it comes to regulations. The RBI (Reserve Bank of India) has especially led a turmoil when it comes to this issue.

However, it would seem that Birla’s recent talk has changed the author’s mind about the situation. Not only is the author not worried, but has even turned bullish regarding the reach and advancement of the RippleNet. All in all, this might represent a historic moment for Ripple, and cryptos in general. A lot of work has yet to be done, but Ripple is definitely on its way to dominating the world market.

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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), 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 ( ), 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…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



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

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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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 ( 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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