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XRP to be listed on TokenPay’s upcoming exchange eFin from the get-go

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XRP

A couple of days ago, eFin tweeted from its official Twitter handler that XRP was added to their platform. The exchange is going to start its operations by next month, and this listing could be quite substantial for XRP. We’ve reasons to back our words.

Very few blockchain projects in the cryptosphere are as complex and extensive as TokenPay. It has fingers in a lot of pies, and it even has its own cryptocurrency called TokenPay (TPAY) which is not that impressive by market capitalization standards ( roughly 15 million, in total) and holds the 173rd place.

And yet, it’s one of the very few coins that have been trading in green numbers in the last couple of days, which is quite impressive for days in which all the top 14 currencies kept trading in the red zone (yes, they are in the green today).

Why this new exchange listing XRP is special?

TokenPay defines itself as a “decentralized self-verifying merchant payment platform” based entirely on mathematics and designed to enable secure transactions between multiple parties.

The statement is deceptively simple. It’s a whole ecosystem of financial services in and out of the cryptosphere with links and associations with many crypto projects as well as traditional financial institutions (read banks).

And now, the project is baking a brand new pie where it can put yet another finger. It’s going to be online next December 19th. It’s called eFin, and it will be a brand new cryptocurrency exchange by all possible standards. And as noted in the start, it’s going to list XRP right from the beginning.

The new exchange answers to TokenPay’s mission to keep meeting the needs of merchants and consumers, and it will be an integral part of the wide company’s ecosystem.

eFin will be a secure, non-custodial, unhackable, private, and, most importantly, decentralized exchange. The decentralized bit is particularly relevant because it will be the first decentralized cryptocurrency exchange in history.

It will enable users to tackle real-time, large-scale, crypto to fiat conversions for the whole TokenPay ecosystem. That includes TokenSuisse and Germany’s AG Bank. It will support quicker and easy TPAY, LTC, and XVG  conversions to mBTC that you can use on CryptoBet, Esports.io, and TokenGaming.

So why is it so important to finally have a decentralized exchange? Security. Currently available exchanges are centralized, of course. It means that their security is only as good as their security team, and many of them have already had serious problems with hackers. In that regard, they’re no different than any normal website in the world. A decentralized website (for crypto exchange in this case) that works on a good blockchain, can’t be hacked.

It’s doesn’t depend on how good your digital security personnel is, it’s that good a blockchain just can’t be hacked at all. Yes, we know that Verged was hacked three times already this year, that’s why we included the adjective “good”.

Bitcoin, XRP, Tron, Litecoin, Ethereum have never been hacked once. An extra advantage regarding security is that being a non-custodial exchange; it won’t hold your coins. They will always be with you, so even if it could be hacked (which it won’t), hackers would find nothing to steal because there are no tokens there.

And this very advanced and innovative exchange is going to list XRP (alongside Litecoin and Verge) from the very beginning. The choice makes sense because XRP is now the world’s second largest by market capitalization and it’s outperformed even Bitcoin concerning profitability during the last couple of years.

Many crypto observers now believe that it will become the next big cryptocurrency, with a real chance to outperform Bitcoin in every way in the not-so-far future.

The good news keeps popping up for Ripple’s XRP. Expect a bullish run.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.

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Bridge Mutual Announces Partnership with Plasma.Finance to Strengthen DeFi Insurance

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Bridge Mutual, a decentralized insurance provider, has announced a collaborative partnership with DeFi aggregator PlasmaPay and Plasma Finance allowing users to directly fund or provide liquidity through the Bridge ecosystem and the Plasma Finance platform.

Bridge Mutual will also use some of its own liquidity to start a PlasmaPay insurance pool, integrating shield mining in order to give users the chance to earn PPAY tokens as a reward for providing coverage to PlasmaPay. The result is an increase in users on the decentralized insurance platform for Bridge Mutual, and another dimension of safety for PlasmaPay and Plasma Finance users.

“This partnership will give both organizations the ability to expand operations into the other’s platform, a net benefit for two strong projects looking to optimize the DeFi market as a whole,” notes Ilia Maksimenka, PlasmaPay’s CEO, “Ease of use and access to insurance ultimately benefits users. By working together, Bridge Mutual and Plasma Finance take DeFi a step forward towards more reliable financial services on the blockchain.” 

Bridge Mutual CEO Mike Miglio adds, “The main focus of our partnerships is to increase the overall safety of the DeFi space by encouraging users to protect each other. Partnering with PlasmaPay was strategic in that users will be able to easily purchase or provide insurance directly from the Plasma Finance app where they manage all…

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Dignitas Joins Zytara Lineup, a Step Towards Uniting Esports and Blockchain

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Esports icon Dignitas has come together with fintech company Zytara to tackle payments and value transfer within esports using the DigitalBits blockchain.  

Dignitas’ partnership with Zytara is the first major alliance between esports and blockchain, a combination set to overhaul the esports’ financial mechanisms.  Zytara, a fintech launching a digital banking platform and payment network for gamers and esports enthusiasts, will leverage the DigitalBits blockchain to power the use of stablecoins and other digital assets.  

Despite their global scope, esports organizations still struggle with traditional payment rails.  Notably, Epic Games experienced difficulties distributing some of their $100 million prize pool for Fornite tournaments.  With esports growing rapidly, this is something that must be addressed, and it appears that Dignitas and Zytara are coming together to lead the charge.   

Dignitas has championed many firsts for the industry, being the first ever esports team to be acquired by an ownership group of a North American sports franchise, Harris Blitzer Sports & Entertainment (HBSE).  Dignitas would later go on to sign a first-of-its-kind sponsorship deal with Susquehanna International Group, LLP (SIG), one of the world’s largest proprietary trading firms.    

Zytara will issue a series of Dignitas-branded debit cards and app skins, featuring the…

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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 been…

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