Tag: Ripple (XRP)

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Crypto Finance News

Ripple (XRP) and Tron (TRX) – Is Now the Time to Take Action?

Nowadays, the cryptocurrency market has generally been pretty stable, and at the time of this article, it’s currently approaching its peak for the month. Today, we’ll be taking a short look at three different cryptocurrencies that shown consistent an increase in value: Ripple, VeChain, and Tron.

With the exception of five cryptocurrencies, all the rest of the coins listed in the top hundred have sustained downturns this morning, and as it turns out, this is actually positive news. So far as we’ve seen, there haven’t been any notably significant updates in the cryptomarkets today, and this just may very well be a good thing.

VeChain (VEN)

Sunny Lu, the CEO of VeChain, has inspired a significant upturn in the price of VeChain following her latest tweet.

So it would appear that people who’ve long-supported VeChain now have reason to see their trust in VeChain increase, as well as buy up even more of the coin.

At the time of printing this article, VEN is recorded at $3.68 per coin, up 7.76%.

Ripple (XRP)

As we see here, Ripple(XRP) has done quite well this past week. Last week, Santander Bank, a subsidiary of the Spanish Santander Group based in the United States, announced their launch of their new international mobile payment app, Santander One Pay FX. One Pay FX is the first mobile app that makes use of Ripple technology to allow users to make transactions and payments internationally, all and entirely through blockchain technology.

 

Following the announcement, XRP has enjoyed a smooth, gradual upturn. With ever-increasing numbers of businesses facilitating support of Ripple’s internationally-friendly blockchain architecture, XRP sees ever-increasing popularity and use. One might say that a significant share of banks and other financial institutions worldwide have been really sitting up and noticing, and they’ve seen the benefits of supporting not only the architecture, but the general public usage of the technology behind Ripple and Stellar’s, and this is very likely just a small taste of what we can expect in years to come.

At the time of printing this article, XRP is recorded at $0.734 per coin, up 7.74%, within the past day.

Tron (TRX)

 

The Tron Foundation are holding a programming contest, and have announced the details as of just this past Tuesday. With the total reward being staked at an incredibly lucrative one million dollars in TRX, applications to the competition have already begun coming in. The launch of the Tron main net is a little over five weeks coming. These are definitely exciting times for the cryptomarkets.

If you’ve been contemplating getting into cryptotrading, and perhaps even rounding your portfolio out by adding TRX, this is the time.

At the time of printing this article, TRX is trading at $0.051436 per coin.

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Crypto

Ripple (XRP) Was Listed On Anycoin Direct, The Most Reliable European Cryptocurrencies Exchange Platform

A famous cryptocurrencies exchange platform from the Netherlands, Anycoin Direct, published today, April 19th, that they added Ripple (XRP) to their platform, a cryptocurrency listing that was hugely awaited by the customers.

The cryptocurrencies community responded positively

The feedback from crypto holders and crypto enthusiasts wasn’t late to appear. Mostly, we’re talking about a positive feedback in this case.
For example, a Twitter user replied:

So glad you guys are on your A-game!! Keep up the good work guys!! Nice miners fee with ripple.

Also, a client of the Dutch cryptocurrencies exchange platform said that Anycoin Direct has a great and very helpful live support, assuring other possible customers about the platform’s trustworthiness.

Ripple (XRP) listing on Anycoin Direct will ease up the XRP-to-fiat conversion for European countries

Anycoin Direct, a renowned European cryptocurrencies exchange, handles many payments methods but they are not holding clients funds. They made a name for themselves as the fastest and most reliable cryptocurrencies exchange service in Europe.

Definitely, the addition of Ripple (XRP) on Anycoin Direct will make it easier for the European cryptocurrencies enthusiasts to exchange XRP to fiat currency.

The official announcement on the XRP listing on Anycoin Direct platform reads:

We are delighted to welcome Ripple – also known as XRP – to Anycoin Direct! From now on you can buy XRP on Anycoin Direct using available payment methods. You can also sell XRP, specifying that it pays out to your IBAN bank account.

The platform’s officials admitted that Ripple (XRP) is one of the most scalable cryptocurrencies, besides being the fastest, as, in its actual shape, the Ripple platforms can manage around 1,500 transactions per second.

Ripple (XRP) price

This positive news contributed to the Ripple (XRP) boost for today. At the moment of this article, XRP is trading at $0.74, gaining 8.31% in the last 24 hours.

Needless to say, Ripple (XRP) was surrounded by great news, lately, such as its addition to the Anycoin Direct cryptocurrencies exchange. All this positive sentiment around Ripple, positively impacted on the XRP’s price, which boosted quite considerably, during this week.

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Crypto

Ripple (XRP) Price Would Soar After A Deal With An International Financial Messaging Service Such As SWIFT

A very interesting video was posted on YouTube by a crypto vlogger, Thinking Crypto, and discussed a possible connection between Ripple and SWIFT, the handler of the “The Global Provider of Secure Financial Messaging Services”, through which the majority of interbank transactions are conducted. Of course, Ripple (XRP) would soar after such a deal. But how possible would be a partnership between Ripple and an international financial messaging service?

About SWIFT

SWIFT is probably the oldest and the most used transactions handler between banks and other financial institutions. Recently, SWIFT released an enhanced version which already connects more than 11,000 banks from every corner of the world.

SWIFT is not a bank or a financial institution, it doesn’t store accounts or money! It is, similarly to the Ripple platforms, a system which conducts transactions.

In 1977, SWIFT has substituted Telex, the technology used since then to conduct every transaction between banks.

Through SWIFT, banks, custodians, investment institutions, central banks, market infrastructures and corporate clients, can connect with one another exchanging structured electronic messages to perform common business processes, such as making payments or settling trades.

Extracted from the SWIFT’s site

Ripple (XRP) would soar after a partnership with SWIFT

You might think SWIFT is old and expired but it is still the most used and trusted international financial messaging service. Even more than that, if you look deeper, you’ll notice that this system is like the ancestor of the blockchain.

On the other hand, both Ripple and SWIFT are similar payments and trades handlers, therefore, a partnership between them would be fruitful for every party, including banks and their customers.

First, if SWIFT system will merge with Ripple blockchain, customers will enjoy instant cross-border transactions. Secondly, the banks will gain more traceability over the transactions.

This partnership, however, is unlikely to happen soon since both Ripple and SWIFT have their own market and, above all the similarities, they are competitors for the same sector.

However, Thinking Crypto, the crypto vlogger who came up with this “crazy” idea, managed to point out some common grounds between the two services and, even more, it has been shown that, instead of competing to each other, SWIFT could be complementary to Ripple and vice-versa.

In the end, such a partnership will definitely increase the XRP adoption rate, stability and, eventually, Ripple (XRP) would soar after a partnership with SWIFT, the major international financial messaging service.

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Crypto

Ripple (XRP)’s Ryan Zagone Asked UK Regulators To Implement Cryptocurrencies Supervisory Structures Following The Japanese Model

To guarantee and promote secure and legit investments toward cryptocurrencies, Ripple (XRP), the #3 crypto coin in the world by market cap, has demanded the British crypto regulators to instrument similar supervisory structures to the ones implemented by the Japanese government. Ripple pushed the regulators from the United Kingdom to bring to an end the period of freedom for the crypto coins.

Japan has started the cryptocurrencies market’s legalization and control, taking the first position on the planet in terms of crypto coins trading and investments, despite regulations. Therefore, Ryan Zagone from the Ripple’s Regulatory body supported the proposal stating that regulations are important to bring in new investors and promote the cryptocurrencies market maturation.

Ryan Zagone said that:

Regulation creates the guardrails on the highway that allows new entrants to come in, particularly institutional investors.

He is also the one who invited UK regulators to create an equilibrium between risks (referring to crypto’s volatility) and innovation (referring here to the blockchain technologies).

Ripple (XRP) representatives believe that cryptocurrencies market regulations will bring the cryptos into a new era

The 3 important aspects Ripple demanded to be taken into account are financial security, traders assurance, and, maybe the most important one, money laundering avoidance.

At this time, we are in need of better clarity, more rules, and higher certainty. So, it is a good time to start revisiting the ‘wait and see’ approach opted by regulators.

Ryan Zagone

On the other hand, the UK Chancellor Philip Hammond announced, in March, the intention of creating a new group which will handle exclusively the traders’ protection, while also applying the repository of the Bank of England and Financial Conduct Authority.

At this moment, Ripple (XRP) is trading at $0.65, recording a 2.10% loss in the last 24 hours. Besides, XRP is still on the 3rd position in the cryptocurrencies market, marking a market capitalization of about $25.7 billion and an increase of more than $546 million in its volume in the last day.

Categories
Crypto

Ripple And Apple Partnership Might Significantly Boost Ripple (XRP) Price

As every crypto fan know already, Ripple (XRP) was massively in the news in the last couple of months, especially thanks to the numerous partnerships the Ripple company signed. Now, is the time to talk about another great deal for the Ripple (XRP) – Ripple and Apple partnership might significantly boost XRP price.

Some Ripple (XRP) holders accuse Ripple leaders that they don’t care much about XRP when signing new partnerships blaming them for the stagnation of the crypto coin.

Now, you should understand one fact, namely, that the majority of the banks, financial institutions, and companies that partnered up with Ripple, did it strictly for the Ripple’s payments platforms and not exactly to adopt those platforms that use XRP.

However, even though Ripple’s partners are decided to use only the Ripple’s platforms for instantaneous and secure cross-border transactions, the more companies and banks sign up for Ripple, the more secure is the Ripple (XRP). It’s a cause and effect thing. Not to mention that, eventually, some of these companies and institution might also adopt XRP for various reasons.

Ripple And Apple Partnership Might Boos Ripple (XRP) Price

First, let’s see how XRP is doing right now. At the moment of this writing, XRP is trading at about $0.65, recording a slight decrease of 1.57% in the last 24 hours.

However, XRP has registered a good last week and it gained a lot managing to soar from $0.49 on April 9th.

Now, it is a well-known fact that Apple is eager to implement new technologies so the Cupertino-based company might go straight for the Ripple (XRP). All this, despite the latest news that talked about the Apple’s interest in implementing Ripple’s inter-ledger payment platform.

Needless to say that Apple, as it is not a bank, could benefit by implementing XRP payments for its products and services which would definitely increase Ripple (XRP) adoption, so, the predicted XRP value of $10 for 2018 could easily transform into a $50 for 1 XRP.

In the meantime, I need to say that Apple is a huge company and, in my opinion, this is among the best deals Ripple has ever done and, even if they will not adopt XRP payments, this Ripple and Apple partnership will clearly reflect positively on the Ripple (XRP).

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