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XRP United. It’s not a soccer team

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XRP
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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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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore
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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. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic
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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…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

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