Connect with us

Blogs

XRP deserves to be listed on Coinbase, says Ripple CEO

Published

on

XRP

We can all agree that Coinbase is certainly one of the most powerful exchange platforms in the cryptosphere. In fact, that is the main reason behind the wrestle of all the cryptocurrencies on the market for obtaining the recognition of the platform and the validation that comes with it. In this sense, one of the coins that have been fighting the most for its position on this platform is nothing less than Ripple (XRP), the third largest cryptocurrency by market capitalization of the industry.

Much has been said regarding would it be or not a possibility for the coin to appear listed on Coinbase, but the truth is many rumors were created around the fact, and as it seems, a great part of the traction the coin has been getting lately is because of it.

The addition of XRP by Coinbase still remains as “to do”. However, for the first time the CEO of the company, Brad Garlinghouse, emitted a public opinion on the issue, and as it appears, he thinks Coinbase definitely should add the XRP token to its lists. Let’s find out why he thinks so.

Garlinghouse declarations for the CB Insights’ Future of Fintech conference

Garlinghouse was interviewed by John Jeff Roberts at the CB Insights’ Future of Fintech conference held in New York. During the interview, he was asked about his thoughts on Coinbase and its likely interest in the token of the company he represents. Something he responded by mentioning the fact that Ripple is more than a token, it’s a solution for financial institutions in order to make transactions, easier, faster, and cheaper. He said:

“As we solve problems at scale for institutions, I think it’s in Coinbase’s interest to participate in that.”

Let’s recall Ripple is one of the main solutions for bank institutions around the world, many of which already use its products xCurrent, and xRapid in order to improve cross-border payments. This is certainly one of the factors behind the coin maintenance of its value throughout the time, which of course, the greater acceptance, the greater the value.

Nevertheless, the XRP token experienced a peek back in January that led the coin to the astonishing value of $4, and despite the great relationships the company has created around the world this was mainly attributed to the furor behind the rumors of the Coinbase listing, a fact that two months later the platform decided to elucidate by stating they will only list cryptos that are not classified as securities by regulators.

This fact surely is one of the things holding back the XRP token of being listed in American exchanges such as Coinbase, Circle, itBit, Square Cash app, or Robinhood. A lot of concern has been raised around XRP likelihood of being officially classified as a security since the token is not fully decentralized and a large part of the ownership of the coin belongs to the Ripple team itself.

Regarding this, Garlinghouse stated that there is no doubt that XRP is not a security since the public ledger exists independently of the token, and besides that, the way he considers it, owning something doesn’t mean you have control of it, a fact he sustained by saying that even when,

“Saudi Arabia owns a lot of oil—that doesn’t give them control of oil.”

He concluded by saying that he cannot predict what the next steps are going to be for the main exchanges in America, but as he thinks, many of them seem to be waiting for regulators to classify the token, which according to his appreciation, it’s nothing but a huge mistake.

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

Published

on

Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

Continue Reading

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

Published

on

TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

Continue Reading

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Press Release