Category: Finance

Categories
Crypto Finance

Ripple (XRP) Might Be Adopted By American Express For Cross-Border Payments

American Express (AMEX) is a global financial services firm that provides its clients with banking and payment services. Overall, AMEX is valued at about $33 billion in income and an overall staff count of over 50,000 people. In the end, they’re an enormous international company. Now, some rumors suggest that American Express thinks of implementing Ripple (XRP) for cross-border payments.

Intriguingly enough, Ripple company itself has mentioned American Express and not just in a solitary tweet but also in a full news article the company posted it in the news section of Ripple’s site.

American Express clearly understands the problems that SMEs face with traditional banking, from cross-border payments to access to credit. The company’s “Open Forum” is a popular and highly respected platform of resources and support to help small and medium-sized businesses grow.

Ripple

Will indeed American Express (AMEX) adopt Ripple (XRP) for cross-border payments?

The news released by Ripple mentions the problems the companies offering cross-border payments have to conquer in the nowadays financial system and how expansive and slow are the current systems that conduct international transactions.

In fact, AMEX is own of these businesses and its representatives already admitted that there is a need for faster and cheaper systems to conduct cross-border payments.

As we speak, American Express makes use of the Ripple’s xCurrent platform for just a few of its transactions but, as Ripple reported, AMEX would like to extend its anti-fraud prevention measures regarding cross-border transactions and would love to do that using the Ripple (XRP) blockchain.

With Ripple blockchain helping to facilitate behind-the-scenes transactions, American Express customers in the US are already seeing faster payments. Ripple (XRP) and American Express have also aligned themselves from a fraud perspective.

Ripple

Will this signify that we might get to see Ripple (XRP) adopted by American Express for its cross-border payments? It might indeed be so, first because AMEX is looking for more secure transactions and secondly because they’re already successfully collaborating with Ripple.

Categories
Crypto Finance News

Clash of Clans Town Hall 12 Download Available with Siege Workshop and Siege Machines

Clash of Clans fans should be getting ready for a major update because Town Hall 12 is ready to roll out. To make things even better, the developers are bundling the highly anticipated Town Hall 12 with a new Siege Workshop that produces Siege Machines which will make the combat aspect of the game more fun than ever!

Siege Workshop and Siege Machines

As their name clearly implies, Siege Machines are going to be built in the Siege Workshop. The cool thing about these new machines is that they can carry troops directly to an opponent’s Town Hall, thus improving combat and giving players incentive to create new defense strategies that revolve around their Town Halls.

  • Battle Blimp

The Siege Machine which will carry players is called the Battle Blimp and it requires players to have Town Hall 12 in order to build it. On the other hand, Town Hall 6 players can also receive Battle Blimps as a donation from their friends. Nonetheless, the Battel Blimp can also drop bombs which makes it a strong attack troop.

  • Wall Wrecker

Just like the Battle Blimp, the Wall Wrecker can be used to funnel troops to a specific location in the enemy’s base. However, the thing that makes this machine special is its ability to destroy walls with 10X damage. Additionally, the Wall Wrecker is able to destroy all type of buildings in its path and it can also be used as a defense tactic to shield troops.

Fun Gameplay

If there’s something that we all know and love about Clash of Clans, then it must be the fun gameplay that it offers. The game is complex and players need to devise clever strategies if they want to defeat their foes and collect their resources.

Categories
Crypto Finance News Tech

Industries that are Impacted by Cryptocurrencies and the Innovations of Blockchain Technology

The blockchain technology managed to alter the way we look at money even if it’s still in its early days. The most common comparison is that blockchain will do for money what the Internet did for media, e-commerce, and communication. What the blockchain mainly did is that it managed to reduce the need for a trustworthy third-party to authenticate transactions. On the other hand, blockchain can facilitate transactions on an open source distributed ledger. Cryptocurrencies started to gain popularity mainly because such currencies offer unique benefits that other traditional methods can hardly compete with. The controversy involving the discussion of whether cryptocurrencies and considered currencies involves local laws because some countries see things differently compared to others.

So far, blockchain transactions have been targeted at the exchange and trade of cryptocurrencies and speculations say that in the future, blockchain will flaunt an even more significant impact across more or less expected industries even beyond cryptocurrencies.

Let’s have a look at a few significant sectors that will likely be impacted by cryptocurrencies and blockchain as well in the near future.

Cybersecurity

Cybersecurity has a lot to gain from using the blockchain technology. For instance, a distributed ledger is, and this means that it needs using advanced cryptography to process transactions. This reduces the need for large-scale cybersecurity protocols to store databases in centralized locations all over the world. Even if the blockchain was also affected along the way by various hacking events, the shift towards it will help lots of industries including cybersecurity to become more secure and reliable for users.

Financial services

Blockchain and cryptocurrencies have been making headlines in the financial sector for quite a while now. The crypto space slowly but surely penetrated even the Wall Street, and massive players such as Goldman Sachs have already entered the game. An increasing number of bank executives are interested in the benefits provided by the blockchain and using cryptocurrencies, and this can only lead to enhanced implementation of the technology and the currencies in the banking sector. The best benefits of using cryptos and blockchain include reduced transaction times and diminished fees. Even the SWIFT technology is slowly but surely becoming an old-school method compared to the blockchain.

The gambling industry

Even if it may seem hard to believe for some people, from the very beginning the mix between cryptocurrencies and online casinos has turned out to be quite a match. Online gambling showcased a massive growth in popularity for the past few years and this went hand in hand with the increasing popularity of the crypto trend. Both these developing trends managed to captivate more and more tech enthusiasts to have a look at online casinos such as Casino.com.

As we already said, the vision on cryptocurrencies vary from one country to another and considering that when you’re gambling with cryptos, you’re not betting with fiat money, the gambling legislation doesn’t apply for them. As expected, Bitcoin was the first crypto used on online gambling platforms, and more and more casinos started adding it as a payment method. New cryptocurrencies appeared, and online casinos adopted more cryptos as well, such as Ethereum, Ripple, Litecoin and more. An essential aspect of blockchain casinos is that they’re not restrained to payments with cryptos. The usage of blockchain tech offers various advantages for online gamblers giving them the possibility to use their payment method of choice.

Healthcare

Healthcare is also impacted by the use of blockchain because the technology allows for digital medical records to be much better secured. The patients’ data is crucial in the industry and leak of such confidential information is the enemy in this area. IBM teamed up with the US Food and Drug Administration in order to fight the risk for data leakage and what the blockchain can do is modernize healthcare services all over the world leading to better outcomes for both patients and healthcare services by generating increased revenues.

With each passing day, more and more industries in the entertainment area, Internet of Things, real estate and more are embracing the cryptocurrency space and the blockchain technology as innovative ways to attract users and customers.

Categories
Crypto Economy Finance News Personal Finance

Essential Crypto Trading Strategies to Avoid Bankruptcy

Investing in cryptocurrencies is a risky business and there’s no doubt about that. Just take for example how the crypto market unexpectedly crashed when 2018 started. Nonetheless, today we are going to present the three essential crypto trading guidelines that are going to help every new investor get a better understanding of what they should and shouldn’t do. With that being said, let’s get into it!

Follow Bitcoin

Even though new investors might not want to invest in Bitcoin because the buy-in is quite expensive, this doesn’t mean that Bitcoin should be discarded. Closely following Bitcoin is the best thing that new investors can do because its price usually dictates how the market goes.

For example, if Bitcoin price is pumping then altcoins price is highly likely to go down because investors are going to sell their altcoins and start purchasing Bitcoin instead. In addition, history shows that whenever Bitcoin goes up, the entire crypto market starts moving.

Don’t Invest All Your Money

The most important tip that we can give new investors is to never invest more than they can afford to lose. As previously mentioned, the crypto market crashed in January 2018 and this caused many investors to go bankrupt, especially since the prices were higher than usual at the end of 2017. Also, investing a smaller sum makes it easier to not get FUD (Fear, uncertainty and doubt) whenever an altcoin dips.

The Long Run

While there might be tens of stories about people who invested a couple hundred dollars at the right time and became millionaires overnight, this is highly unlikely to happen nowadays. Prices go up and down every day because the crypto market is highly volatile and predicting when that happens is nearly impossible. Therefore, we advised new investors to look at the long run and only invest in cryptocurrencies that they believe in.

Categories
Finance News

What Will the Future Civilizations Think of the Big Bang?

One of the most severe perils in all of science is bouncing to false conclusions in light of the restricted information we have in our grasp. We can never watch everything too subjective, so we’re generally compelled to extrapolate construct just with respect to what we do see. Be that as it may, imagine a scenario in which the basic data that would lead us to the right conclusion is precisely what we’re missing. This will be the situation in billions of years from now, with regards to the Big Bang, and that startling acknowledgment has prompted a significant inquiry from B. G. Buehler, who needs to know this:

In the event that intelligent life re-rises in our solar system in a couple of billion years, just a couple of points of light will, in any case, be evident in the sky. What sort of hypothesis of the universe will those beings prepare? It is relatively sure not to be right. For what reason do we feel that what we can see presently can lead us to a “right” hypothesis when a couple of billion years previously us, things may have looked changed?

We should discuss what is possible to see in tens of billions of years from now

There would, in any case, be many billions of stars in the sky, all open to whatever intelligent lifeforms emerged with telescopes of a similar caliber we have today. A few points of interest would be unique, be that as it may, because there would be less dust and neutral gas, there would be a more noteworthy proportion of more older, redder stars, with a somewhat lower-mass, there would be far fewer regions of active star development, and the stars would be distributed in a significant elliptical halo, as opposed to the Milky Way-like plane.

Exit mobile version