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Weiss Ratings Poll Declares Ripple (XRP) Best For Moving Funds Between Exchanges

It is the season of polls for Ripple (XRP), the cryptocurrency which was earlier rendered insignificant by Coinbase despite its enchanting potentials attested to by big and small firms which are not limited to the fintechs but include large banks in the world and some central banks.

A recent poll by Weiss Ratings on Twitter that was categorized into four with Ethereum, Ripple, Bitcoin and “other” coins placed Ripple ahead of other digital currencies including Bitcoins.

Ripple took the lead with 78%, Bitcoin had 6%, while Ethereum and ‘Other’ had 8% votes. 7,598 crypto lovers took part in the vote.

The poll confirms that cryptocurrency lovers are yarning for Ripple on some exchanges including Coinbase.

Weiss Ratings is one of the most respected ratings on cryptocurrency today.  The platform brands itself as fundamentally incomparable to nearly all other ratings available in America today. The platform says it is America’s only 100% independent rating agency covering cryptocurrencies, stocks, ETFs, mutual funds, insurance companies, banks, and credit unions.

A few days back, CNBC’s Fast Money revealed the outcome of the poll they organized on whether Coinbase users need Ripple.

Ripple, Stellar (XLM), Cardano (ADA), and ZCash (ZEC) were part of the poll. However, Ripple led with 34% votes leaving ZCash with 30%, and Cardano and Stellar had 25% and 11% respectively.

Last week Coinbase announced they are exploration five new cryptocurrencies. Among them lies ZCash (ZEC), Stellar (XLM), Cardano (ADA), with two unpopular coins: 0x (ZRX) and Basic Attention Token (BAT).

We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible”.

Coinbase decision sparked uproar in the crypto space owing to people’s expectation that the exchange will include Ripple, which was earlier alleged of Inducing Coinbase listing with money.

The five coins, as Ethereum World News earlier reported would be exposed to 13 million customers and price upsurge after they are listed on Coinbase. The exchange therefore made known that they are not guaranteeing the listing of the coins but may select any in the future.

“Please note that we are not guaranteeing the listing of any of these assets. We may list them with partial support, or only in specific jurisdictions. In particular, some assets may become available in other countries before the US.”

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Facebook To Compete With Ripple (XRP) On Cross Border Payment

It appears Facebook is planning to compete with Ripple in cross-border payment. The social media giant is researching on creating its cryptocurrency which will give its billions of users around the word opportunities to achieve hassle free cross-border transaction and settlements.

Ripple and other cryptocurrencies who are working assiduously to get the world seamless cross-border remittance may receive a life-threatening competition from Facebook anytime soon.

A Facebook official who pleaded anonymity disclosed to Cheddar that “They are very serious about it.”

Another Facebook executive said Facebook will possibly need to make “acquisitions in the blockchain and cryptocurrency space to develop its own virtual currency”.

The journey into blockchain started early this year when Zuckerberg, CEO at Facebook announced that it recognised cryptocurrency, which takes “power from centralized systems and put it back into people’s hands.”

However, he intends looking into the “risk of (cryptocurrency) being harder to control.” “I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.”

Then to the recent announcement by David Marcus, head of Messenger, an ex PayPal president and Coinbase board member, who has been working for Facebook for four years.

Marcus is now in charge of everything blockchain in the firm. He’s to set up a group of who will explore blockchain opportunities across Facebook.

“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge. I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch,” Marcus said in a Facebook post.

Marcus’s now to lead a team of Facebook employees researching on blockchain technology. He knows much about cryptocurrency for the fact that he’s an early Bitcoin investor, and to cap it all, in December, 2017, he joined the board of Coinbase.

Earlier this week, a Facebook Spokesperson told Cheddar that “Like many other companies Facebook is exploring ways to leverage the power of blockchain technology.”

“This new small team will be exploring many different applications. We don’t have anything further to share.”

Clamp Down On ICO

Not long after Zuckerberg revealed its new-year resolution, Facebook began removing crypto related ads, saying the platform is working on securing unsuspecting users who may be defrauded by fake Initial Coin Offerings (ICOs).

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Coinone To Use Ripple (XRP) xCurrent For Remittance Across Asia

Korea’s Coinone Transfer has joined firms interested in using RippleNet, making the number of fintechs interested in the technology soared.

Coinone Transfer is a remittance firm and a subsidiary of Coinone. The firm will be using one of Ripple’s use case, xCurrent, a dependable blockchain idea purposely invented for cross-border payments and settlement. The move will make Coinone the first digital asset exchange deploying the power of RippleNet in the whole of South Korea.

A statement by Ripple indicates that Coinone, a leader in the digital asset industry in Korea, will deploy xCurrent starting from June to power the unveiling of a new remittance service branded as “Cross” purposely for Coinone Transfer to answer the yens of retail customers who clamour for faster and cheaper payments in South Asian enclave.

“Coinone customers will be able to send vital remittances home to family and friends in countries across Southeast Asia using Cross — all by powered by Ripple blockchain technology,”

Ripple said in a statement, added that “xCurrent allows for payments of any size to move quickly, transparently and at low cost across borders making it ideal for the volume and smaller size of remittance payments”.

“As one of the largest exchanges in the country, it handles over $97 million in transactions per day. The company also understands that underlying blockchain technology has further applications, particularly for cross-border payments.

Speaking on the development, Wonhee Shin, CEO of Coinone Transfer, “We are proud to be the first digital exchange in Korea to join RippleNet and implement Ripple’s xCurrent solution”.

“Ripple’s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost global remittance service.”

In the same line, Ripple has shown-off happiness, positing that with xCurrent, fintechs have the advantage to satisfy customers and ward off seemingly unavoidable problems for their customers.

“Non-traditional payments companies like Coinone Transfer, and their parent company, Coinone, are revolutionizing the way money moves for their customers,” said Emi Yoshikawa, director of joint venture partnerships at Ripple.

“We look forward to working with Coinone Transfer to implement xCurrent as the technology underpinning their new, state-of-the-art remittance service.”

Meanwhile, Coinone exchange is a member of DAYLI Financial Group, whose subsidiary, DAYLI Intelligence, signed a partnership agreement with SBI Ripple Asia around the last year end.

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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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Coinbase Pledges Support For Bitcoin Forks

Coinbase exchange broadcast it is supporting the withdrawal of Bitcoin forks on its platforms. The information is contained in an April post on Medium, a social blog, and at the same time on the exchange’s personal blog.

According to the platform, the development gives room to customers to make ‘more easily withdraw assets associated with Bitcoin Forks across all Coinbase products’.

“We are not announcing support for any specific assets at this time. As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets to support and will always state on our website which particular assets are supported,” the statement reads.

Talking on the importance of Bitcoin Fork to the products of Coinbase, especially Coinbase Custody. The statement reflects that Coinbase Custody aims to build infrastructure to support future Bitcoin forks, and it is possible to support more forked assets than GDAX or Coinbase for the foreseeable future.

According to the blog post, GDAX “will build infrastructure to support withdrawal of Bitcoin Forks for assets stored on GDAX at the time of the fork. Adding withdrawal support for a bitcoin fork does not mean the asset will also be added for trading. Assets that are listed for trading will be independently evaluated using the Digital Asset Framework.”

The Bitcoin Fork is going to be supported by Coinbase Index Fund, since any forked assets listed on GDAX is automatically added to Coinbase Index.

When Is Coinbase Adding Ripple?

Crypto lovers are expecting the addition of Ripple on Coinbase. Last month, the rumor that Coinbase is planning to add the altcoin soared its price, until Coinbase dispelled the rumor, saying there is no decision on adding a new asset for now.

“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

Coinbase Plans To Become An Alternative Trading System

The Wall Street Journal has reported on Friday, April 6, 2018, that Coinbase is in a discussion with the U.S. Securities and Exchange Commission to register as a legitimate broker-dealer company and electronic trading venue. The action is an aftermath of the U.S. regulators’ clarification on cryptocurrency.

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Ripple (XRP) Makes Listing On Coinbase A Do Or Die Affair.

Ripple (XRP) Makes Listing On Coinbase A Do Or Die Affair.

Despite all the hype that surrounds Ripple and the fact that it fronts major cross border transactions across the world, the world third largest cryptocurrency still finds a matter as a clog in the wheel of its success.

As much as crypto lovers are yearning and clamoring for the listing of the cryptocurrency which is a guru cross border transactions, their bellow is just a tip of iceberg when compared to the company’s.

Even if not told, it is glaring to the world that if the cryptocurrency is added to the exchange platform, it will surely add feather to the wings and add leaf to the cap of the altcoin. While the demand from users and enthusiast continues to grow, a recent rumor that the altcoin was listed on Coinbase surged its value upward to an unimaginable point amid series of turbulence fisticuffing the crypto industry.

Also, when the exchange platform added Bitcoin Cash, it reflected in the value, soaring it to over 30 percent (from $2,800 to $3,800 per coin.)

Source: Bloomberg

Lastly, the unending tentacles which Ripple which has been able to acquire overtime has only brought it to limelight amid financial institutions and industries, while it is still lagging behind in everyday use as it is yet to be added to major platforms like Coinbase, Gemini among others. Evident of why Litecoin was rated more popular above the altcoin in a recent survey amongst 1000 Americans.

In the latest report released by Bloomberg, the cryptocurrency is not crossing its alms to continue glare the situation without removing the clog.

As two top U.S. cryptocurrency exchanges, Coinbase and Gemini continues to dash the hope of the cryptocurrency and its enthusiast, the San Francisco-based company, according to Bloomberg, has made a step forward by offering the two company dough in exchange for getting listed.

Bloomberg also mentioned that Ripple executive officer enquired if $1 million payment could make Gemini add XRP, while similarly, the cryptocurrency in a previous talks with Coinbase last fall, displayed keenness and wiliness to loan over $100 million worth of XRP to the exchange so that users can trade the asset.

In a move to confirm the information, Bloomberg added that Emmalee Kremer, Ripple’s spokeswoman said some of the info was not right. “Regardless, Ripple has always been transparent about our focus on building and growing a strong XRP ecosystem,” she said.

“We want XRP to be the most liquid digital asset possible to enable faster, cheaper global payments.”