Tag: Ripple (XRP)

Categories
Crypto

Ripple (XRP) Invests $25 Million Via Blockchain Capital To Sustain Digital And Blockchain Startups

Ripple (XRP), the cross-border transaction platform based on the blockchain technology, plans to invest $25 million for startups in the blockchain worlds, as well as for digital startups.

Paid in Ripple (XRP), the investment of $25 million will be handled by the Blockchain Capital Parallel IV, which is the first to admit capital requests in digital assets with the focus on the blockchain universe development.

As the Ripple representatives declared, Blockchain Capital manages more than $150 million in funds.

The $25 million fund is awaited to go for the business teams which are focusing on digital assets but especially on blockchain technology development.

Even more, according to Ripple, this sum is expected to give the possibility to distinguish novel applications for the Ripple’s Interledger Protocol and the Ripple XRP Ledger.

Ripple company trust the abilities of Blockchain Capital firm

According to the Blockchain Capital’s co-founder, Bart Stephens, the company is a “roads-builder” for the blockchain universe and has always been actively participated in this field numbering renowned names in its collection, such as Ripple that’s working on a new blockchain ecosystem.

“Whether it’s using Ripple (XRP), Bitcoin (BTC) or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term,” explained Bart Stephens.

In the meantime, discussing the deal with Blockchain Capital, Patrick Griffin, Ripple’s Strategic Growth VP, emphasized that “Blockchain Capital is the first fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter.”

According to Ripple (XRP), the purpose of the $25 million investment, is that Blockchain Capital trusts the utility of Interledger Protocol and XRP Ledger, while, Ripple company is set to extend its partnerships, as well as its support, to new businesses, companies, and institutions.

Categories
Crypto

Ripple (XRP), Ethereum (ETH), And Litecoin (LTC) Price Analysis

The new week started with a slow recovery for the cryptocurrencies and Ripple (XRP), Ethereum (ETH), and Litecoin (LTC) are also turning green for a tough period of the market. Let’s see here what the graphs show for the future.

Ripple (XRP) doesn’t get the expected appreciation

The news revolving around Ripple (XRP) remains for the moment that Ripple (XRP) has tried and failed to buy its listing into the Coinbase and Gemini exchanges, leaving itself vulnerable to further inconvenience.

The lack of inclusion in two of the largest exchanges of cryptocurrencies in the US and the consequent loss, if the story is true, will leave the falls as the path of least resistance.

Currently trading around $0.49 but a break and close below its December 22nd’s minimum of $0.42 could cause XRP to retreat to the start of the strong rebound at $0.20.

On the Ripple (XRP) bullish side, $0.57 should limit any positive movement.

Ethereum (ETH) is still bearish, despite its slight increase

The second largest cryptocurrency, ETH, has lost more than $100 billion in cryptocurrencies market capitalization since its peak on January 15th.

The Ethereum (ETH) chart shows how all the rallies have been sold, while the downward trend since mid-January continues to limit any upward movement.

The recent low of $357 seems to be under pressure again, which leaves a big drop to the two lows observed in October and November of 2017, $275 and $278, respectively.

Right now, the Ethereum (ETH) is trading at about $410, gaining approximately 3% in the last 24 hours but the sentiment is still bearish, in general.

Litecoin (LTC) shows only a small increase in the last 24 hours

Another cryptocurrency that fell heavily recently, Litecoin (LTC) has at least shown some signs of stabilization in the last 9 trading sessions.

Having fallen below the Fibonacci retracement at $118, LTC currently trades around $114.

LTC is also trading on both sides of the bearish trend from the December 19 high. To push up, the cryptocurrency needs a continuous consolidation in the coming days, which would open the way again to $137, and then to the $150 value.

A break below the minimum double would leave LTC vulnerable to higher losses with weak support between $70 and $72.

In conclusion, cryptocurrencies market turned green and all the assets show gains but the sentiment is still bearish regarding Ripple (XRP), Ethereum (ETH), and Litecoin (LTC).

Categories
Crypto Finance News

Ripple (XRP) and How the Future Will Change

Ripple (XRP) is one of the most famous cryptocurrencies of the moment. However, it doesn’t work only for itself. Together with Bitcoin and other successful such currencies, they are building a base of trading. This is possible even despite the violent sell-off and the massive fluctuation that characterizes these currencies.

Ripple settled on the third position when it comes to market capitalization, following just behind Ethereum and Bitcoin. It started its way into this world as a financial solution and protocol, so they promised to deliver a fast transaction completion, plus an understandable price.

What’s Next?

If you’re a Ripple enthusiast, then you must be eager to witness the release of various projects Ripple is planning. For example, they want to set up the XRP token to be accepted in cross-border payments. They plan to release a mobile XRP, which would be used by Western Union and Santander Bank. This would mean that any trading becomes even more lucrative and convenient for people who use it.

Another major development that is to come is the Cobalt Algorithm. This was introduced by Ethan MacBrough, who is a Ripple employee, as well as a great cryptocurrency architect. The purpose of this algorithm is to reduce the time for such a cross-border transaction to almost 1 second. Before, it used to take 3 – 4 seconds. All this translates to a boost in what concerns daily transactions, as well as the cryptocurrency’s popularity.

More Good News

Furthermore, Ripple also announced they will be partnering with Hyperledger. This is an open source initiative, which is essential for the unfolding of their infrastructure on a long-term view. Both companies are quite confident in this partnership and hope to reach great results. According to a tweet by Hyperledger, 14 organizations worldwide (India, Switzerland, Spain, BVIs) are going to invest in an open blockchain, as well as the distributed ledger technologies.

Categories
Crypto Finance News Personal Finance

Ripple (XRP) is Getting Ready for an Agreement within an International Banking System

This week, a spokesperson from Ripple has made an interesting statement: the company is currently working with 40-50 international central banks, among which the Bank of Thailand. Specialists don’t know yet if the public relations representative aimed to officially announce this or if it was an accident, but they are sure that this step could open new ways for Ripple.

In fact, the thing that puts Ripple in front of its competitors is the will to extend the collaboration with international banks and thus integrate into a central banking system that can work for many countries. In this case, Bitcoin will be disadvantaged by the possibility of remaining decentralized if they go mainstream. Of course, the announcement made by Ripple is not that surprising, because their intention was predictable; they have had discussions with many central banks and they cannot make a press conference all the time.

The latest trends focus on cross-border payments

The announcement made by Ripple was part of a panel discussion about cross-border payments. The fact that they decided to go through with the idea of a transnational banking system is the result of efforts dedicated to making international payments possible. Ripple saw that the only way in which this dream can come true is by establishing a partnership with central financial institutions which have the adequate infrastructure for holding cross-border payments.

The Bank of Thailand and other central banks are umbrellas that cover many smaller banks with local activity, so Ripple hopes that by including them in the process of international payments, the small institutions will follow. Their idea could work, if we consider that nowadays people, capital and merchandise move a lot. In the end, another question remains: 40-50 banks mean an overestimation or a realistic number? In any case, people are excited about this partnership, so Ripple should keep up the good work.

Exit mobile version