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XRP United. It’s not a soccer team

Published

6 years ago

on

XRP

Ripple’s XRP currency was born with a very specific purpose in mind: to eliminate all the friction that banks and financial institutions have to deal with when they settle international payments using the traditional SWIFT system. XRP and Ripple’s blockchain and technologies were not meant, initially, to be a retail currency that could be used by people like you and me. It was (and to some extent, it remains) a digital asset for bankers so that their job becomes easier, quicker, safer in a way in which the benefits trickle down to their customers.  That’s why today’s news is so important.

Ripple is not changing the outlook it has in terms of customer base, but it’s understood that expanding their horizons are good for the company, for the XRP coin and for the cryptosphere as a whole. In that spirit, the company has been looking to establish new strategic partnerships that bring XRP to new customers and make it more of a street coin than an elite coin.

XRP is looking to become real money, and they’re succeeding slowly but surely. For instance, there is a European bank that, right now, can give you a debit card based on XRP which you can use to pay for good and services in the exact same way you can use your savings account’s plastic card based on your local fiat currency.

The latest development in this sense is called XRPunited (based at www[dot]xrpunited[dot]com) which is a cryptocurrency exchange based on XRP. Why is this important? Because most (if not all) crypto trades and exchanges in the world are based on Bitcoin. This one is not, this one is based on Ripple’s XRP.

Let’s dig a little deeper. If there is a crypto coin you fancy, other than Bitcoin (and a handful of others) you can’t just buy it at your exchange of choice paying with your debit or credit card. You need to buy some Bitcoins, then transfer them to your exchange and use them to get the cryptocurrency of your preference. This is why most of the crypto trade is pegged with Bitcoin. In this new exchange, you will be able to trade any cryptocurrency you want based on XRP instead of Bitcoin, Ethereum, or any of the other usual suspects.

This is great news for a project that’s been steadily growing in value lately, as the rest of the market has been going down. Also, this is going to boost the very same coin that was last year’s most profitable one.

The new project will create an additional trading volume for XRP as well as new demand. Those will be the two factors that will drive the market up, in the long run.

XRPunited went a few days ago, and it won’t only allow you to trade XRP for any fiat or cryptocurrency you want, but also for any commodity. Gold, coffee, soybeans, you name it. In their own words, it’s all about the new “internet of value”.

This is exciting news for all those who hold Ripple’s XRP tokens, but it’s also good for the cryptosphere as a whole as well managed projects are achieving mainstream adoption and becoming useful in the real world.

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 Robci95/Pixabay

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A Guide to Exploring the Singaporean ETF market

Published

2 months ago

on

February 20, 2024

By

Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

Published

4 years ago

on

March 27, 2020

By

property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

Published

4 years ago

on

February 19, 2020

By

Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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