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

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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.

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 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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Revealed: The Mental Skills Required to Be a Successful Trader

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The world of financial trading, be it investing in cryptocurrencies on the market or trading stocks, can be an unforgiving one. Only the very best are able to rise to the top and turn their trading regimen into a seven-figure income, meaning that total dedication to your craft is a prerequisite. Ask any successful trader, and they’ll tell you that having the right mindset is the key to success.

A clear mind with laser-sharp focus and serious endurance will be able to see the bigger picture, spot the most profitable trades, keep track of the market, reduce risk, and compete with the best of the Wall Street pros. In many ways, successful trading is a lot like being a successful poker player.

You need to be able to play the long game, make the most of your luck, and know exactly when to strike to become a high roller. All of these require a strong arsenal of mental skills. Here are the mental skills you need to build in order to become a successful trader.

Source: Pixabay 

Caption: Successful trading in the financial market requires mental strength, resilience, and endurance. 

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Why is Crypto Futures Trading So Easy Today?

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-One-on-one interview with CEO of BEX500

Bitcoin futures trading is the most efficient way to engage yourself in bitcoin market without having to acknowledge the ownership and storage responsibilities.

Some users say, crypto futures trading has never been easier with BEX500 exchange.

Can we trust BEX500 with our bitcoin? Today, we invited Anna Myshustina (Anna), CEO of BEX500 to dig more into that.

Q: hey, Anna, thank you for joining us. You were a successful trader in futures and options, what motivated your innovation in crypto industry?

Anna: My pleasure. I have been in derivatives for 8 years. As a trader, I found many crypto futures exchanges too complicated for beginners, but not efficient for the experienced.

So, we’d like to make a change. We are the first crypto exchange to introduce [ONE Account for Live & Demo]. You can login https://www.bex500.com and register for once and for all, and it will be for both live & demo trading.

While, traders in other competitors are still forced to login live and demo with 2 different accounts in 2 addresses for “live” and “testnet”.

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Cryptocurrency, Online Gambling, and Regulation: One of the Three Can’t Stay

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To say that cryptocurrency is disrupting the world of technology and finance is an understatement. Ever since they arrived on the scene in 2009, they’ve been geared toward forever changing the fintech landscape for good.

One of the main reasons the technology proved to be so revolutionary was blockchain — the backbone of most cryptocurrencies. Blockchain is the digital ledger that provides full transparency and immutability of data, all the while eschewing any kind of third-party authority meddling. These attributes can lend themselves quite handily in a whole series of industries.

But increasing regulation of cryptocurrency may lead to it no longer proving useful to particular niches. One of these endangered industries is online gambling, which could suffer tremendously from heavily regulated cryptos.

How Cryptocurrency Helps Online Gambling

Online gambling happens to be one of many that would (and does) benefit from integrating cryptocurrency. Gambling happens to be illegal in many countries, and the people there cannot access online gambling either, even though it specifically remains unaddressed by most legislation. They had no channels with which to finance casinos they wish to play in, seeing that banks or other financial services don’t want to interfere when there’s a chance of legal repercussions.

But cryptocurrency enabled casinos to accept players that had no alternative with which to engage…

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