San Francisco-based Ripple has not had the best of starts to 2018. Its cryptocurrency, XRP, has been on a downward slide since the first week of January and has lost almost 70% of its value. However, things could be about to turn around for the company as Western Union is now test driving its transfer technology. The list of banks and financial institutions that are using and testing Ripple’s products is growing by the week.
Blockchain technology is causing massive disruptions across a wide range of industries, markets, and economies. Bitcoin, the most popular blockchain application has shown the world first-hand how the decentralized nature of blockchain could cause a paradigm shift in the global economic landscape. Beyond Bitcoin, other cryptocurrencies have sprung up to solve some of the biggest business and financial problems ailing the global economy. Ripple is one such blockchain application – Ripple (XRP) is a real-time
It’s no secret that crypto incubators and hedge funds get access to the best deals because of their inside connections… But, now, for a short time, there is a way for regular investors to ride on the coattails of one of the most connected teams in crypto – right in your brokerage account. In short: The team behind Global Blockchain Technologies (CSE: BLOC; OTC: BLKCF) is the best way to play the crypto boom. The company
Despite the recent skepticism, Ripple has received a big-time boost by signing a massive deal with major foreign exchange UAE Exchange. The Proof Is in the Partnership Ripple has come under criticism as of late, with a massive sell-off of XRP followed by skepticism as to the number of financial institutions even interested in using the third-ranked cryptocurrency in the first place. However, Ripple has fired back at the haters by garnering another significant partner.
Online shopping is an immense industry in China, with hundreds of millions of users and worth over $670 billion last year. Some of the largest e-commerce markets on the planet are targeted at Chinese consumers, and their spending power is growing. Payment convenience is a key component of the success of online marketplaces, and Ripple intends to facilitate that with new partnerships in the country. In an announcement on the Ripple company blog yesterday, the
According to Coinmarketcap.com, Ripple (XRP) is currently the third most popular cryptocurrency by capitalization, holding steady at about $32 billion dollars. As of the start of this week, it has been the only top-5 cryptocurrency that has had a positive trend since it started trading. However, the Thursday sell-off took it to new lows around 0.92. Even in light of the digital currency’s impressive run-up in December and the first half of January, it still
Tokyo-based SBI Holdings has announced that its digital assets exchange, SBI Virtual Currencies, which launched in beta yesterday, will list Ripple (XRP) as the only cryptocurrency supported at launch. XRP is the first and the only cryptocurrency to be listed on SBI Virtual Currencies during its initial launch period. The newly released digital asset exchange, owned by SBI Holdings, is designed to streamline cryptocurrency trading for its institutional customers and individuals in Japan. The company originally
Most of the news about Ripple has been negative over the past month. The company’s XRP token has fallen from its great height by over 65%, so it is in need of a boost. That came this week when Ripple announced two new partnerships for its xRapid pilot project. According to reports, a telecommunications company and an international payments specialist will be the latest to use Ripple’s highly volatile currency as part of their money
A decision made back in 2016 by former Ripple boss Chris Larsen causing a rift between him and the company took another twist this week. A deal was signed with a bank consortium which included an option for its partner to buy 5 billion tokens at when they were valued at a pittance. Ripple has countersued, claiming the deal was made in bad faith. Following the meteoric price rise of XRP in the past
Ripple just announced a major new partnership with MoneyGram that will see the latter pilot xRapid and XRP. When leading cryptocurrency price aggregation site CoinMarketCap removed South Korean exchanges from its price calculations earlier this week, the prices of many of the major assets in the sector took a hit. None more so, however, than Ripple (XRP). Ripple went for around $3.65 apiece back on January 6 but dipped to well below two dollars midsession on
Hard disk maker Seagate’s stock has risen up to 12% after a report surfaced claiming the company may hold several billion dollars worth of Ripple’s XRP. The report has not been confirmed by either company. Seagate is best known for their hard disks, offering data storage solutions for a wide range of consumers. A new report, however, suggests the company may soon be known as an early investor in Ripple’s XRP and a pioneer in cryptocurrency.
The race for supremacy in crypto land changes daily and it is hard to keep up with the high paced markets. Bitcoin is still king as most altcoins can only be traded with it, but the top four below it are duking it out for second, third, and fourth place by market capacity. With three out of the top four exchanges closing their doors to new registrations a couple of days ago it has been
If 2017 was the year of the Bitcoin, 2018 could be the year for Ripple. Bitcoin became a household name last year with a meteoric ascent of over 1,600% to a peak of around $20,000. What Ripple has done in comparison in the last month alone simply overshadows it. Ripple’s XRP token has made astronomical gains of 1,350% since the same time last month and is now attracting the attention of mainstream media such as
Despite experiencing a slight dip recently, Bitcoin is climbing its way back towards its all-time high after breaking $17,000 today. After taking a hit in recent weeks with a surge in the market for alternative coins (altcoins), Bitcoin appears to have regained its moon-bound trajectory. According to Coin Market Cap, Bitcoin saw a 15% gain over the past 24 hours and reached a daily high of $17,705. While Bitcoin rises in price, however, alternative currencies such
Ripple executive chairman Chris Larsen has become “the richest person in the world” according to reports assessing his stake in the exploding cryptocurrency. A Sea Of $Billions In a tweet Wednesday, BitFury founder and commentator George Kikvadze noted that Larsen’s 37% stake in Ripple, which has an ‘implied’ maket value around $320 billion, makes him richer than Bill Gates and Warren Buffett. “If centralised Ripple is worth $320 (billion) then decentralised Bitcoin is (definitely) going
Both of these highflyers are taking the crypto community by storm. Which one will fare better in 2018? Who do we believe will outperform the other? Find out. If Ripple is the Goldman Sachs of crypto, Stellar is its antagonist, Robin Hood, with the latter pointing out that the former is hanging onto to nearly 60% of the originally issued Ripple tokens. Which in my ledger implies they can easily manipulate their own market. For reference, 60%
This year is likely to be a little more stable for many cryptocurrencies which have enjoyed monumental growth during the last three months of 2017. Some, however, could continue upwards, boosted by partnerships, tech upgrades, and listing on more exchanges. Ripple has already made huge moves in the past couple of weeks, pumped largely by news of greater acceptance by banks and credit card companies. At the time of writing, it has surpassed Ethereum by
Ripple just became the world’s second most valuable cryptocurrency. This is a big deal. But why? Is Ripple a good investment? Will banks adopt it? Let’s find out. Why Is Ripple Causing Waves? While Bitcoin and the rest of the top 10 cryptocurrencies are well below their peak, Ripple is enjoying a meteoric rise and is trading at $ 2.22, up more than 49% from this time yesterday. In fact, it just unseated Ethereum as the #2
The majority of cryptocurrencies have been taking a break this week with very little movement in either direction. This morning, however, saw declines across the board during the Asian trading session, all except Ripple which bucked the trend again and saw gains. Bitcoin had rebounded a little from its previous slump to $12,000 but it was short-lived, the digital currency is going through another sell-off from a high of $16,900 yesterday down to $14,700 today
The past couple of days have seen market corrections across the board as Bitcoin and its altcoin brethren pull back from all-time highs earlier in the week. As panic and hysteria ripples through social media crypto groups, largely populated by inexperienced traders, those holding Ripple have reason to smile. Ripple’s XRP token has surpassed Bitcoin Cash by market capacity in the past few hours, surging 28% to an all-time peak of $1.38. At the time
Bitcoin has remained relatively stable this week, slowly heading up from $16,500 to around $17,500 where it currently trades. Action is likely to heat up over the weekend as two more US exchanges launch their BTC futures contracts. This week has also shown some clear winners in the altcoin race, and one of them has been Ripple. Ripple (XRP) has shown little movement over the past three months trading in a channel between $0.18 and
There is never a dull day in the crypto-sphere, and the altcoins are dominating the action this week. With Litecoin surging to all-time highs of over $340 yesterday and Ethereum making similar moves a few hours ago reaching $660, we are left wondering which coin will be next. Those ‘hodling’ XRP may have been getting that sinking feeling that crypto mania has left them behind. Having recently been relegated from its fourth position in the
As Initial Coin Offerings are rising in popularity, experts are advising investors to be careful about fraudulent token sales. Fraudulent ICOs Initial Coin Offerings, or ICOs, have become increasingly popular over the past year. Many interesting projects and startups have decided to raise funds through ICOs instead of through venture capitalists. According to the cryptocurrency statistics website CoinSchedule, over $3 billion was invested in many different token sales this year alone. The reason why so