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Lousy day for the crypto market but not Ripple: ExLand lists XRP

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A Hong Kong-based cryptocurrency exchange, ExLand, has announced the listing of  Ripple’s native token, XRP. Even though it has been a sad day for all the crypto market as almost every single coin is in red by double digits (except XRP), this news would make Ripple community defy from others. The official listing news was tweeted yesterday.

Nobody will blame you if you’ve never heard about ex.land. It’s a cryptocurrency exchange based in Hong Kong, owned by China Sinx Group that keeps a shallow profile and, even if you run a very detailed search to find out details about the parent firm (or the exchange), you’ll find very little information.

Hong Kong has been a bridge between China and the West (the United Kingdom, especially) since the XIX century. And it keeps trying to remain so despite that it’s not a British colony anymore, but is now rejoined to the mainland.

It enjoys a certain degree of autonomy which is why many of mainland China’s most relevant companies try to take advantage of Hong Kong’s special status to lessen friction in doing business with the rest of the world. And that’s one of the reasons that ex.land is based there, and it’s able to trade on Bitcoin freely when the Chinese government has been openly hostile to it — despite the fact that 80% of all Bitcoin mining is done, precisely, in China.

So, the news is that ex.land adopted Ripple’s XRP currency into its platform. It’s not only going to support it, but it’s going to trade it using an XRP/USD pair.

That’s the relevant thing. If you’ve traded any digital asset in the past, you’ll know that there are not that many coins that can be bought directly using fiat currencies. The most usual way of exchanging cryptocurrencies is to buy Bitcoin first, then send it from your wallet to your exchange of choice, and only then use it to buy any other coin you like, such as XRP.

More and more crypto exchanges in the world are adopting XRP in several kinds of pairings (XRP/BTC still being the main one), a few are adopting it in an XRP/USD pair (such as ex.land) and there are some that are even adopting Ripple’s token as a base coin, putting it in direct competition with Bitcoin, no less.

The news comes to show the amazing amounts of progress and credibility that XRP is gaining in the cryptosphere when it started life as one of the most unpopular and hated tokens because of the company’s stated mission to help banks and the traditional financial system.

As things stand today, XRP has become the world’s second largest cryptocurrency by market capitalization over the last week, taking over Ethereum’s spot. It was last year’s most profitable asset, and it’s been one of the handfuls of coins that’s actually been growing consistently over the last month.

Ripple keeps announcing new strategic partnerships and developments for the company’s software and for the token, it keeps getting positive attention and coming up with all kinds of new use cases.

It’s one of the few blockchain projects that are concentrated on making cryptocurrencies useful in the real world. That policy keeps creating demand for XRP. Demand creates trade volume, and both things together make the asset more valuable.

XRP is the kind of asset that crypto needs. It will compete with Bitcoin, and it will turn the crypto market into a real economy instead of a speculative game for aficionados.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 Mintchipdesigns/PixaBay

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Playbetr: Bitcoin and Litecoin and Cryptocurrency Sportsbook and Casino

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When it comes to online casinos, cryptocurrency, bitcoin and litecoin sportsbooks, www.playbetr.com is a premier site in the industry, offering only the best in gaming and entertainment. With more than 1,000 casino games of a wide variety, there’s no reason for users to look elsewhere. Top-rated experiences and positive reviews all around have put Playbetr on the map, marking it as the best place to play. A quick look at their features will only help to solidify this ranking.

History

Seasoned vets of the cryptocurrency casino and sportsbook industry worked hard to develop Playbetr and get it to where it is today: the #1 licensed site. Because of their intuitive ideas and expertise, this group of professionals was able to bring together only the best of cryptocurrency, casinos, and sportsbooks to engage with their users on a heightened level.

With entertainment at the forefront, this pbr-based online casino and sportsbook is 100% cryptocurrency and is tied to U.S. dollars. This unique take on cryptocurrency eliminates the concern for the unstable market that online currency can sometimes bring about. With zero worries on the user’s end, Playbetr makes it possible for them always to have an accurate view of their winnings with the ability to immediately withdraw them.

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The Stability is Here: USD Tether Comes to 1xBit

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Cryptocurrencies have been stirring the interest of the general public for the last several years, mostly because of the wild price swings that yielded massive profits for the dextrous speculators. The unprecedented level of security, almost complete non-traceability, superior speed of transactions, and substantially lowers fees are among the factors that facilitated the embracement of cryptocurrencies by the millions around the globe.

But on the flip side, high volatility, inherent to digital currencies, has oftentimes dissuaded traditional investors, traders, and common users from entering the space. However, things have changed after the emergence of stablecoins, the type of cryptocurrencies explicitly designed to provide holders with a hedge against severe volatility, thanks to their direct binding to the so-called “stable” class of assets or commodities. Those assets come in the form of the traditional fiat currencies (USD, EUR, CNY) or the traded commodities (gold and other precious metals, crude oil, rubber). Over a short period of time, stablecoins became a cog in the crypto machine, with one coin currently dominating this niche.

USD Tether: stability amidst the total volatility

Similar to Bitcoin, the dominance of which has already surpassed the 70% mark, USD Tether (USDT) currently holds the upper hand among the peers. The idea concerning the issuance of a cryptocurrency that would be pegged to the US dollar, along with a basket of other traditional currencies, to provide…

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Now is the Perfect Time to Become a BitStarz Affiliate

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Cryptocurrency isn’t just a passing fad or get rich quick scheme, it’s an innovation that is changing the world as we know it. No industry has benefited more from cryptocurrencies rocket to the moon than iGaming, as it’s grabbed onto the digital coin revolution with both hands.

What was once something offered by just a few niche casinos has actually catapulted the likes of BitStarz to industry superstardom. The growing benefits of Bitcoin and other cryptocurrencies used in iGaming simply can’t be ignored, with affiliates now also able to reap the benefits – there simply is no better time to become a BitStarz affiliate!

Affiliate Marketing is a Money Maker

Affiliate marketing has a hand in almost every industry, even if you don’t see it. In fact, from retail all the way through to ICOs, affiliate marketing has a role to play in generating business and brand awareness for companies around the globe. This certainly isn’t a one way street relationship either, as affiliates under the right scheme can generate huge revenues.

Where there is iGaming there is affiliate marketing, the two just seem to go hand in hand. Long before other industries woke up to the value of affiliate marketing, iGaming was already ahead of the curve. Now, take a new innovation like crypto, which commands headlines, and mesh it with the ever popular online casino industry…

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