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XRP deserves to be listed on Coinbase, says Ripple CEO

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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.

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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 Pxhere.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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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