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Ripple’s Hope Is Beyond Western Union

When Western union partnered Ripple, enthusiasts see it as a confirmation that the blockchain company is doing everything to become a household name money transfers. This is no doubt a good sign, however, many a number of events have surfaced, which have possibility of propelling the cryptocoin.

A whole lot of observers won’t deny that Ripple is doing fantastic with many firms testing its tools for cross border transaction, and some banks partnering with the firm after careful observations and guarantee that Ripple is the next thing in cross border transactions.

It is no doubt that Western Union and MoneyGram are sources of developments for Ripple, especially now that there are numerous assertions that the New WU applications is depending on RippleNet. There are still some collaborations that will enhance Ripple in the next few months.

Allvor: The First Cryptocurrency to be Hosted On Ripple

Allvor is another feather to the cap of Ripple. It is branding itself as the first cryptocurrency powered by XRP Ledger with a distinct functionality and a focus on e-commerce. Allvor proposed integration, using XRP ledger superior technology, if widely accepted, it will go a long way in boosting the cryptocurrency use on a global scale.

The team behind the idea says the Allvor Project is an independent initiative, which has no support or sponsorship from Ripple Company, but will use the XRP Ledger which is a development of the Ripple Company, the best and most efficient distributed database technology ever made.

“In the next years, the best and most consistent blockchain technologies will transparently integrate and operate with the various layers and protocols required to conduct financial and business transactions,” the team has said.

“The Allvor Project will be focused on developing and encouraging the development of such integrations in order to promote the widespread use of the ALV token along with the systems that support the trade of products and services, ranging from small virtual stores to large e-commerce players.”

Allvor is going to keep many mouth shot once it is accepted by Ripple, it will make the platform completely appear decentralized and kill the rumor that Ripple is not in any way decentralized. Aside the fact that it is going to make Ripple appear decentralized, Ripple HODlers also have the opportunity to receive ALV coin without necessarily buying it.

On like other cryptocurrencies, Allvor does not plan any form of ICO or a crowdfunding to gain funds for managing the system as other coins have been doing. The platform says its initial distribution will be made directly to the XRP holders’ community using the Initial Distribution program as a yardstick.

The Japan Consortium Of Banks

When the news of the Japan Bank Consortium having a link with Ripple surfaced, the world see it as a big move for Ripple. The consortium, which is a coalition of 61 banks in Japan is organized by SBI Ripple Asia. In an announcement, the consortium revealed the launch of a new Ripple pilot with Woori Bank and Shinhan Bank who are seen as the two largest South Korea’s banks due to their market cap amounting to $30 billion.

The idea was touted as the first time money moves from Japan to Korea over RippleNet, using Ripple’s settlement technology, xCurrent, for cross border transactions.

It is supposed to be one of the highest propeller of Ripple in recent time. While it has the potential to change Ripple, there are many things that could be done to at least make this banks have complete trust in Ripple. If they are able to, full partnership with 61 banks is not a joke, it is a big deal.

Ripple-Saudi Arabia Partnership.

The Saudi Arabian Monetary Authority’s (SAMA) partnership with Ripple is going to save the oil rich country of $200 -$400 million annually. The partnership gives banks in the kingdom an opportunity use Ripple tools for cross-border payments. SAMA, by indications, is going to be the second central bank in the world to introduce Ripple’s blockchain-based cross-border payments platform, after the 2017’s Bank of England’s pilot project.

According to Dilip Rao, the global head of on infrastructure innovation at Ripple said, “Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers.”

“SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution.”

The next big deal in the blockchain world is the Ripple-Saudi Arabia Partnership. Saudi has a lot of countries toeing its path in the Middle East, if Ripple manages the partnership to taste, there is possibility it gains more support and collaborations in the region.

Conclusion: Ripple is on the verge to becoming a replacement for banks. Many say it is only connecting banks together, however, by the look of things, it has the potential to replace all banks.

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Allvor: Outstanding Ripple-dependent Cryptocurrency For E-commerce surfaces

Ripple is getting another boost now that Allvor, the first cryptocurrency powered by XRP Ledger, centering on e-commerce has surfaced. Alvor has proposed to integrate with notable online e-commerce stores using XRP ledger superior technology. The innovation is going to be a great boost for the cryptocurrency, and make Ripple XRP, a widely used digital currency.

The Ripple-dependent innovation, according to the team behind it, has no support or sponsorship from Ripple Company.

Ripple is going to be used by online retail stores via Allvor designed plugins, the team has touted.

“In the next years, the best and most consistent blockchain technologies will transparently integrate and operate with the various layers and protocols required to conduct financial and business transactions,” the team has said.

Allvor has its token to be represented with ALV. The platform, in its whitepaper, says it “will create and encourage the creation of tools that enable the intercommunication between the real-time gross settlement possibilities available in the XRP Ledger”

“The Allvor Project will be focused on developing and encouraging the development of such integrations in order to promote the widespread use of the ALV token along with the systems that support the trade of products and services, ranging from small virtual stores to large e-commerce players,” the team reiterates.

Allvor says it aims to be the a propeller of the Ripple’s Internet of Values going by its transaction costs among other flexible values it has.

No ICO, Allvor says!

Unlike other crypto, Allvor is not planning any ICO or crowdfunding. It is distributing coins to Ripple hodlers based on what they have in their wallet as March 27, 2018. The amount of ALV to be given then depends on the amount of Ripple each account holds, and the “maximum payment limit of the Program is 1,000,000 ALV.”

The Team Behind Allvor

Allvor has five individuals as its team, with Cleyton Domingues, as the creator of the innovation. It is not clear whom the members of team are, in the future information about the team should be up in the air.

The Allvor Payment Ideas Are Outstanding.

Using XRP as a base for payment on e-commerce store is the best for Ripple. Through Allvor plugins designed for Magento, WooCommerce, and standalone e-commerce stores, there is a tendency Ripple jump all hurdles to be the next big name in the history of cryptocurrency.

Comments about Allvor

Different issues have been raised about Allvor, with some saying it is not necessary since Ripple can do all what it says it intend doing. However, the team has not presented to the world, why Allvor is more than qualified to do the services it flaunted.