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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.

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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.

Featured news

Can Sharding Fix the Limitations of Blockchain or is the Network Doomed?

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Performance and scalability issues have bottlenecked the future development and real-life application of popular mainchains, such as Bitcoin and Ethereum. Many methods have been employed to solve this problem, but all of them have their own pros and cons.

The Impossible Trinity – safety, decentralization and scalability, coined by the blockchain world, bars the way to the future and the industry has fought hard to figure out an optimized solution. Sharding, proposed by Ethereum, has been viewed as one such candidate.

What is sharding?

Sharding technology splits a network into smaller partitions called shards, which contain an independent state and transaction history. The idea behind this is to divide a huge amount of workload into smaller pieces to make life easier for every participating node.

If sharding were to be adopted, each node will only need to keep a part of the network’s information, instead of downloading the whole ledger, which can lead to a large data file. Subsets of nodes grouped into one shard will only process transactions specific to that shard. By doing this, the network will be able to process many transactions in parallel, and the performance will continue to increase with more nodes joining in, thus making the network highly scalable.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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