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Ripple-powered Coil and XRP TipBot grabbing mainstream adoption for XRP

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Ripple’s XRP has had a fantastic year. It’s one of the few digital assets that are reporting growth in a market that is still decidedly bearish. Not to forget its latest spike in the price. This should not surprise anybody at all, as it was last year’s most profitable coin, even taking into account the spectacular bullish run Bitcoin had in December.

Among the reasons bolstering XRP’s strong position in the market are the strategic partnerships the project keeps securing and announcing (MoneyGram would be the latest one), as well as an unprecedented effort to complement XRP’s usefulness in international transactions with braking it into retail use in the mainstream.

And there’s even more good news from both within and without Ripple. Not too long ago, the Apple and Google app stores approved a new app called TipBot which supports Ripple as a means of payment for end users. Also, over the last month, Ripple released xRapid, which is expected to become its killer app, and a Q3 financial report in which everything looked just peachy.

Ripple’s mission is to work with banks, remittance services, and financial institutions so that its blockchain technology can, once and for all, get rid (or, at least, complement) of the obsolete SWIFT system. SWIFT remains the way in which the banks of the world settle international payments. It’s expensive, slow, and prone to errors.

The way in which Ripple has been growing and developing lately prompted a report done by Lennard Neo Picolo Research. In this work, the researchers estimate that XRP’s intrinsic value is of $1.75 as things stand right now. Which means it’s undervalued by 280%, roughly.

But there’s still work to be done. The Ripple network needs further decentralization (something that’s made them unpopular at times in the cryptosphere), and while it has indeed been making progress in that front, there’s still a lot more to be done.

Let’s talk a bit more about Tip Bot. It’s an app created by Wietse Wind, who also happens to be an XRP developer. Using Tip Bot and Coil, the St. Jude Children’s Research Hospital was donated 21,000 XRP in the space of four months. The goal remains to reach 25,000 XRP.

CoinField, the Canadian cryptocurrency exchange has chosen XRP to be its main base currency, and it has twenty available trading pairs against it. The Canadian company decided to do this because of XRP quick transactions, modest fees, and solid reliability. In Babak Bob Ras, the firm’s CEO’s words:

“In a very short amount of time, XRP has proven itself to be one of the most reliable and most cost-efficient blockchain networks in the industry.”

CoinField also allows for exchanges in several other fiat and cryptocurrencies such as the Canadian Dollar, Japanese Yen, British Pound, Euro, and US Dollar.

XRP’s market capitalization is currently at 21 billion USD, which means it’s only 1 billion behind Ethereum and it’s pressing hard to become the second most significant digital asset. In fact, the cryptocurrency did that today for a while (again). As we write this article, it’s trading in green numbers at $0.534.

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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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Bitcoin

The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Bitcoin

Why Blockchain Projects Keep Failing

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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

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