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$1 Looming As Binance Introduces Ripple XRP/USDT Trading Pair

Binance, with over 300 trading pairs, has announced it has added XRP/USDT trading pair. The development has given Ripple (XRP) a slight move towards the North.

With Binance adding XRP trading Pairs the price of Ripple is expected move toward the north massively, or at worst uptick.

In the last 24 hours, the price of Ripple has increased by 5.75%, with its trading value pegged at $0.904. It appears Ripple is receiving more attention since it was added to Binance because the cryptocurrency has managed to remain slightly at a fixed value in the last 7 days.

At the press time, Ripple trading volume is now at $996 Million, and its market capitalization is at $32.25 Billion. There is possibility that Ripple achieves its much anticipated $1 today or anytime soon.

Earlier, Revolut, a United Kingdom based global banking alternative also revealed it will be adding Ripple (XRP) any moment. The declaration informs that with a normal Revolut account, crypto enthusiasts have the opportunity to purchase cryptocurrencies by just connecting their UK bank accounts to Revolut protocol, while allowing the platform users the privilege to convert crypto to any fiat currency they wish without any form of hindrance.

Ripple has tried hard to get listed on the most popular exchange, Coinbase, but all efforts, including alleged financial inducement, were futile. The listing would have been a major boost for the cryptocurrency.

Ripple team are trying to move ahead and present a digital coin that will be number one, like bitcoin. The team behind the coin sees partnering with banks and fintechs as possible boost, however, there has been no significant improvement for the altcoin.

In a bid to bring more growth to Ripple, the financial firm recently invested in ideas that can create growth in its ecosystem. Ripple is coasting different industries. The team behind Ripple are eyeing international banks, or possibly become the bank of banks.

Among all coins, Ripple is the first and the only crypto to believe in security regulations. The CEO, Brad Garlinghouse says “Regulators are behaving as they should to make sure we have regulation around KYL and AML. There are reasons for that. If exchanges are trying to circumvent KYC requirements, [regulators] should come in and enforce that.”

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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.

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Who Will Triumph, Ripple (XRP) Or Banks?

As cryptocurrency continues to show more proficiency and capability in making transaction easier for people, the world is gradually embracing the technology as a trusted means even though some are still skeptical about its credibility.

Owing to the gradual diffusion of blockchain technology, a network that records it transactions using distributed databases, math and cryptography, banks are beginning to embrace the technology as their co, whom they could partner with in gaining relevance in the world of financial transaction.

Then, some banks and financial bodies mused over the best cryptocurrency to marry, and they came to the final resolution that Ripple would serve them right. Banks and financial institution like Santander, Saudi Arabian Monetary Authority, MoneyGram, American express, and Canadian Imperial Bank of Commerce, among others have aired their collaborations with Ripple.

Despite the collaboration, partnership and perceived friendship between Ripple and banks, series of speculations that altcoin is becoming more of a threat to banks or banks are aiming to crush Ripple off the financial world has been rousing all over the space, with various analysts and observers giving out their opinions.

In a statement, the President and COO of Global Blockchain said “if big banks were to succeed in crushing one of these two currencies, Ripple would be it,”

In the same line, the CEO of J.P. Morgan Chase & Co., an American international banking system, Jamie Dimon, labeled digital currencies as “fraud,” and a “tulip bulb,”. Making us know that in the heart of high profile banker lies statements like “banks are prepared to crush down cryptocurrency”

However, the liable cryptocurrency that banks will surely want to crush is Ripple. According to Shidan Gouran, “Ripple is much more of a direct competitor to banks. Because it operates more like a transaction network than a currency”.

Also, Darren Marble, the CEO of CrowdfundX said, I believe Ripple offers a viable blockchain solution and an enormous amount of utility to banks.”

In the same direction, Marcus Schenck, co-head of corporate and investment banking at Deutsche Bank, in his opinion, said bank accounts would disappear in few years to come.

For me, going by Marble’s statement, I think banks are more in need of ripple than the otherwise, therefore, what will give them the capability or thought of crushing a technology that complements them and make them more viable in the financial industry?

A penny for your thought.