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Ripple’s XRP with Excitement Accepted at Bitcoin Superstore: The CEO’s Vision

The daily basis flow of news regarding Ripple’s token asset XRP is a standard in the crypto-verse community. Whenever you type on Google or any search engine Ripple or XRP new information like specific development or partnership will represent itself. This characteristic showcases how hard the team is working to fulfill its CEO’s Brad Garlinghouse vision of the companies financial solutions being adopted global wide.

XRP Bitcoin Superstore

After partnering with Wirex, the company was able to add XRP token support to its Visa card. Subsequently, the number of sign-ups and transactions on the platform had a considerable boost.

The very fine qualities of XRP continue to pull users and firms towards itself with the latest addition of Bitcoin Superstore. Earlier this year, Brad Garlinghouse, the CEO of Ripple said the only way of XRP decoupling from Bitcoin influence is through mass adoption. 

This movement has supported the saying that the token has more utility than predicted and in fact the firm pushed up ahead and donated millions for humanitarian causes and charity. The first feedback was not that big, however judging from the most recent development Ripple is enjoying the last piece of the cake.

With the above announcement by Bitcoin Superstore via their twitter handle, users can almost in an instant complete settlements with XRP while purchasing from different retail outlets. These outlets being the leading ones like eBay, Amazon and others. If you choose to go for this option remember that XRP in the past has given out results of being cheap for both the merchant offering to accept the token and the user.

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Ripple [XRP] to Transform the Economy How We know It

With the bears having their saying for first half of the year, crypto-investors are hoping the most out of the second part of 2018 and hopefully gain will be witnessed.

Ripple For the Change

Being part of the cryptocurrency community for a longer time, make you forget for the near term changes in prices while tending towards the longer-term ideas. That is why much curiosity is around the startup Ripple, its token XRP and the blockchain based financial solutions the team is offering that aim to shake the global-cross border transactions how we know them.

The crystal clear goal of the team behind Ripple is to change one industry for the better. Much like Amazon, in its time when it wanted to change trading much faster and user friendly with delivery option, that is what Ripple is attempting to do for the cross-border transactions.

Furthermore, Ripple is aiming to solve real-life problems, and they are inventive by offering a solution to real-life problems through its xRapid. Ripple’s xRapid will use its token, XRP, to achieve this feat.

Ripple – Founder

Brad Garlinghouse was recently interviewed by CNBC at the recent Money 20/20 event in Amsterdam. Ethereum World News had earlier mentioned the manner in which Ripple (XRP) would more or less defeat Bitcoin (BTC) in the future, as an offshoot opinion piece of Mr. Garlinghouse’s comments during the same interview.

Brad Garlinghouse was noted as saying that there is a list of major banks in line to use the xRapid platform by the end of this year; with dozens expected to be doing so by next year. He had this to say about xRapid:

By the end of this year, major banks will use xRapid as a liquidity tool. By the end of next year, I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity.

Ripple – Swift

The Society for Wordwide Interbank Financial Telecommunication or SWIFT is around and close the same for over 40 years. Created in Brussels, Belgium 1973. It has done its part of allowing cross-border transactions to happen, but with no change of development. That is why a new, best be, blockchain solution is needed to be implemented.

With Ripple introducing the xRapid solution to transfer the XRP token to source liquidity, various existing issues would be solved. The whole process could take only 3 sec per transaction.

In the long term objective, with the prices hitting rock-bottom right around now it could be best to step in. However, as usual trade safely and do not overtrade.

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Nvidia CEO Says Cryptocurrency Is 'Not Going to Go Away'

“Crypto is a real thing — it’s not going to go away.”

So says Jen-Hsun Huang, chief executive of graphics card maker Nvidia, which yesterday posted its fourth-quarter results for 2017. The company said on an earnings call Thursday that demand from cryptocurrency miners for its product beat expectations but that overall, that market segment remains a small one.

Speaking with Barron’s in an interview, Jen-Hsun Huang echoed that sentiment, remarking that “clearly, there’s a lot of talk about crypto.” Indeed, much has been said about demand for the firm’s products (gripes from the gaming community about sky-high prices for GPUs notwithstanding) and the long-term prospects Nvidia faces.

“And crypto was a real part of our business this past quarter, even though small, overall,” the Nvidia CEO said.

Huang touted also touted the benefits of the technology underlying cryptocurrencies. There is “clearly real utility” with blockchain, Huang said, adding that he sees cryptocurrencies as being as real as any other type of virtual good or video game.

He expanded on this idea, going on to say:

“And as you know, tens of millions of virtual goods are created and shared and sold in virtual reality, and people invest thousands of hours to create space ships in space that they battle against each other. So, the concept of virtual goods and virtual worlds and virtual currency all ties together.”

Bigger picture aside, the conversation around sales to miners is not that important for Nvidia, Huang argued, noting that “to us, it’s all just demand for GPUs.”

Nvidia’s chief financial officer, Colette Kress, had also downplayed the impact cryptocurrency mining during the quarterly earnings call on Thursday, saying it was hard to quantify just how much revenue the company made from sales to cryptocurrency miners.

Image via Wikimedia 

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

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Cryptocurrency News: CEO of Ukraine Based Exchange Kidnapped

CEO of cryptocurrency exchange Exmo Finance – Pavel Lerner, was kidnapped on December 26th 2017 just when he was leaving work outside the office in Kiev, Ukraine. The head of the exchange agreed to a $1 million bitcoin ransom to be freed.

The case has been discussed all around the crypto-community as it is an example and a lesson giver about privacy and security while both of them are very important in the crypto-ecosystem. Keeping in mind that even the term cryptocurrency is on a popularity surge and let alone bitcoin and digital assets with their values rising, risks of attacks and theft are growing proportionally. Many lead-heads and very famous figures are concerned with the topic of protection and security.

Bitcoin was created in October 2008, when an anonymous person or group by the name “Satoshi Nakamoto” released a whitepaper about the peer-to-peer network and decentralized currency. Even after years of guessing, searching and interrogating individuals, nobody knows who is behind bitcoin. The mystery remains around this fabricated persona. It is reported that Satoshi owns one million bitcoin which is now worth approximately twenty billion dollars. Therefore, it is understandable why the founder kept a secret identity since the beginning. This was an extremely smart decision and now reveals to be warranted, following the story of Pavel Lerner.

In a same manner, The Winklevoss twins did take a strategic maneuver by splitting the private keys and sending them across the U.S. in different banks just to make raise the bar of protection in any case of kidnap or information theft.

The creator of Litecoin Charlie Lee, is very opened up and active on social media and discussions when it comes to the crypto-ecosystem in general. While this gives him a positive image, it also raises the question of privacy and secrecy. It can reveal to be dangerous to be so open, especially as the creator of one of the most popular coins. However, recently the creator of The Silver Coin, has declared that he sold all his holdings in LTC but is still working in the project and backing up the team.  This could be due to security concerns and pressure he might have received. The founder of Ethereum and very well respected figure – Vitalik Buterin, might feel and be in the same position. Having its popularity on such a high level and known to the general public, the mind behind one of the era-changing cryptos is running even a higher risk. These two actors of the cryptocurrency space have security guards, and their assets are extremely secure and well protected.

The unfortunate story of Pavel Lerner is a good reminder that it is extremely important to be private about owned assets and to hold private keys securely. It is important to keep digital currencies out of exchanges, where one does not have private keys, and in wallets, where one does. Andreas Antonopoulos, a bitcoin advocate and expert, says “Your keys, your bitcoin, not your keys, not your bitcoin”. Holding the private keys means the person truly owns the currency. If the individual does not have the private keys, then he or she is not the direct owner of the asset. That is why extreme security and privacy are important as the world moves towards adopting cryptocurrency as a means of payment and storage of value.

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It’s Everything on Bitcoin or Go Home! – Japanese Exchange CEO

The CEO at Bitflyer – the Japanese largest virtual currency exchanging platform Yuzo Kano, described on an interview how the investors from his country that are conservative are taking steps to ‘go all-in’ on BTC and digital currencies.

Traders and investors from South Korea, Japan and China are majorly very conservative when it comes to their ‘best and investments’ while being not very open to change into any new asset. However, as years passed, Bitcoin and other virtual currencies have been struck by the mainstream ‘pusher’ which turned Japan into the largest BTC exchange market right now.

With that being said, the above mentioned market counts up to 61.23 percentage points of all bitcoin trading in a global scale.

Yuzo Kano, in an interview for The New York Time – mentions the legalization of Bitcoin as a cryptocurrency and the authorization of exchanges by the FSA – Financial Services Agency officials, which both triggered the conservative investors to move ‘all what they got’ on BTC and other digital assets:

“Japanese people tend to be very conservative with their investments, but once they get triggered they go all in.”

A similar trend has emerged in South Korea, as Bitcoin and cryptocurrencies have become the norm. Tony Lyu, the founder and chief executive of Korbit, the South Korean cryptocurrency exchange that was acquired by the $10 billion gaming company Nexon at a $140 million valuation, explained:

“Word just spreads really fast in Korea. Once people are invested, they want everyone else to join the party. There’s been this huge, almost a community movement around this.”

In consideration of the rapid growth rate of the Japanese and South Korean Bitcoin markets, prominent investors and analysts including Tuur Demeester have noted that the mid-term trend of the Bitcoin price would likely depend on the performance of two markets.

‘The train has started its engines’ as many very well known figures, high profile respected crypto-community members, institutional and retail traders have initiated their approach and engagement with BTC and crypto-trading while firms like Korbit and Bitflyer that are supported by multi-billion dollar investment companies are creating the right structure and platform for the best user approach.

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