Ethereum is known in the crypto world as a #2 cryptocurrency that have always been preceded only by the Almighty Bitcoin. However, this has not been the case in the recent couple of months due to a steady decline of Ethereum’s exchange rate.
Earlier, Ethereum was outrun by the coin created at the Ripple Labs – XRP, but was able to regain its position. We remind you:
The price of the XRP coin has also skyrocketed which can be seen from its CoinMarketCap graph.
What could possibly boost the coin so much?
According to the materials published by Finance Magnates, the most probable reason for such a jump was a popular rumor about the cooperation of the two major crypto payment platforms – Swift and Ripple.
This rumor appeared a while ago, and was actively endorsed by the fans of Ripple on Twitter.
1. Has swift partnered with Ripple? Marcus treacher who is on swifts board leaves hsbc to work with ripple. Also swift have recently stated xborder payments can settle within seconds which is worlds apart from the 30+ mins stated on the last pic, THREAD $xrp $xrpcommunity $btcpic.twitter.com/edKGO6oxGA
It may seem that bribery scandals and acquisitions cannot touch cryptocurrency industry, but that is not true. The recent announcement of Coinbase having listed Ripple’s XRP is a proof of it, since many crypto related people reckon Ripple bribed Coinbase. Let us see what happened.
On February 26, Coinbase Pro announced that XRP was available to trade. The platform provides more advanced services that the regular Coinbase. After listing XRP on Coinbase platform, the price on the tokens raised by 10 percent.
According to the report made by Dior in late February, Coinbase breached its rules to list XRP tokens. Moreover, the CIO of Altana Digital Currency Fund contacted with Elliott Suthers who is Coinbase’s communications’ director and asked some questions. He wrote
whether or not Coinbase asked for permission of either the Securities and Exchange Commission (SEC) or Commodity and Futures Trading Commission (CFTC). In addition, Suthers was asked whether there was a private deal between Coinbase and Ripple for listing XRP pairs.
Suthers answered that he was ready to discuss these things “off the record”, thus let people think that there was something illegal between Coinbase and Ripple.
In April 2018, Bloomberg published that Ripple offered Coinbase and Gemini platforms to list XRP tokens for $100 million in XRP and $1 million correspondingly. Even though the CEO of Ripple refused all the accusations, but rumours cannot just appear from nowhere. It makes us think what if Miguel Vias or any other Ripple’s representative is hiding the truth. It is also quite suspiciously that the company which was embroiled in different lawsuits of insider trading surrounding its Bitcoin Cash listing, did not get anything from listed XRP.
What about you? Do you believe in Ripple’s Executive’s words?
In the recent couple of years, Asia has become the region that is ahead of everybody when it comes to technologies. Anything that is new, unique and has potential is quickly being implemented in the East, while the rest of the world is just thinking it over. Certainly, blockchain and digital assets are no exception to the rule. Dozens if not hundreds of businesses, companies and projects in China, Japan, South Korea etc. are creating new concepts, ideas and solutions using cutting edge technologies, like blockchain and distributed ledger technology, in many different spheres, especially fintech.
What is FUBT?
FUBT Exchange is a Hong Kong-based project, the main focus of which is maintaining a blockchain platform for trading digital assets. The exchange evolved from the FUBT Station. In July of 2017, first transaction were conducted through the upgraded platform. Afterwards the developers launched their own token – BXB, which skyrocketed by almost 25 times on the market. FUBT kept growing and expanding. At the beginning of 2018, it opened up departments in other regions of Asia, namely Seoul, Cambodia, Tokyo, Taiwan, Phnom Penh and even one in New York. Now FUBT is considered one of the leading blockchain platforms for trading digital assets in Asia.
Strong sides and interesting facts about FUBT:
In June of 2018, the platform already had around 650 thousand active users which serves as perfect evidence of the project’s trustworthiness;
FUBT’s daily capital turnover equals to around 400 million dollars;
The platform is expanding globally and provides multi-language support for better understanding of users from different parts of the world;
The transactions within FUBT are conducted in a fast and simple manner, moreover, they are protected against security breaches;
The exchange provides a variety of digital assets, overall about 100 kinds;
Four crypto trading areas (BTC, ETH, FBT) are available on the platform;
FUBT has a mobile app both for iOS and Android;
The team of the project consists of real professionals from the fields of banking, fintech, blockchain, investment etc.
Core values of FUBT are “Integrity, Innovation, Inclusiveness, and Win-Win”;
The project has ambitious goals of expanding further and establishing itself firmly on the market;
FUBT team is constantly looking for new clients, partnerships, opinion leaders and pays a lot of attention to user feedback in order to improve and prosper.
More details on this promising and innovative platform can be found here.
Kroger, which is the largest retail stores chain in the US in terms of revenue and the third largest employer in the whole world, announced that its Smith’s grocery and drug stores would no longer accept Visa cards as a means of payment.
The Smith’s store chain includes 134 food shops and pharmacies in 7 states of the country with 20 thousand employees. The refusal from Visa cards followed after the similar decision taken by Foods Co. Supermarkets in the state of California last year.
As stated by the Chief Financial Officer of the company, Mike Schlotman,the reason for such a decision was the following: “Visa has been misusing its position and charging retailers excessive fees for a long time.”
How can Lightning Network help?
Given the fact that all the news is quickly shared online, there soon appeared people suggesting alternative ideas to Kroger, and one of the was Anthony Pompliano, the founder of Morgan Creek Digital.
He offered help with solving this issue using Bitcoin’s Lightning Network.
The supporters of the Ripple technology obviously did not take the news quite enthusiastically. They claimed that the Lightning Network was not ready to handle such a giant as Kroger and it still needed technological improvements.
Meanwhile, in their opinion, the blockchain of Ripple was a perfect payment solution to replace Visa and its pricey commissions.
The battle between the fans of Lightning Network and Ripple has been going on for as much as both technologies exist, although both of them get their share of recognition, being implemented in various businesses all over the world.
In response to that, Anthony Pompliano said that he was going to consider Ripple as well, since he was open to all arguments.
Financial technologies have been rapidly evolving during the last couple of years. In 2018 alone, the industry raised the funds in the amount of 12.4 billion. That is why this is a golden niche for companies to develop and startups to grow.
Recently, Forbes came out with a compilation of the most thriving companies in the fintech industry that have the most potential. We have already mentioned the rating briefly. Today we will present to you three companies that we found appropriate in a bit more detail.
Coinbase is a cryptocurrency exchange, based in San Francisco. It offers exchange services between BTC, ETH, LTC, BCH and ETC and fiat currencies in 32 countries all over the world. Transaction and storage of Bitcoin is available in 190 countries.
The company is actively expanding by purchasing startups, creating new services for its customers and creating new trading pairs.
Ripple Labs is another fintech giant, also from San Francisco. It is a cryptocurrency platform which specializes in payment and exchange protocols, as well as cross border transactions. The platform supports tokens backed up by fiat currencies, cryptocurrencies, exchange goods etc.
The Ripple technology is widely used by major financial and industrial establishments all over the world, one of the being American Express.
Moreover, the Ripple token XRP was one of the most successful coins in the rating during the crypto price collapse.
Circle is a Bitcoin startup, backed by a major bank Goldman Sachs, located in Boston,
Massachusetts. Nowadays, it has evolved into a global fintech company which offers four main products: Circle Trade, Circle Invest, Circle Pay and its recent addition – the crypto exchange Poloniex.
Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.
Today, we invited to talk Marco Robinson– a man who not only managed to become a world-famous investor, but also created a number of successful projects.An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur – he knows how to make money work for you better than anyone.
Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?
I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.
It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:
Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
Population growth. (Rent prices and property increased basically supply and demand.
Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)
When did you first learn about the blockchain technology, and how did it help you in the development of your projects?
I was introduced to Bitcoin in 2015.
I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.
I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.
Besides NKD, what do you think about investments in cryptocurrency in general?
It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.
It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.
Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!
Are there any startups in the cryptocurrency world which you have invested or would like to invest in?
There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.
How do you feel about buying, for example, real estate for Bitcoin?
I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.
However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.
In what areas, do you think, the use of blockchain technology is necessary?
I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!
You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?
I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.
In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?
I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless
Recently, there appeared rumors on the Internet, saying that the second largest financial institution, Bank of America, might be considering forming a partnership with Ripple Labs and incorporating the blockchain technology into its system, according to Fintech News.
Currently, the bank is using SWIFT technology for international transactions, which proved to be quite inconvenient, slow and insecure.
It is still unclear whether Bank of America wants to fully apply Ripple technology or create a similar app, but its main intention is to let the customers make transaction between various banks in a safer and easier way.
Neither of the sides have officially commented on the matter so far.