SBI Ripple-Powered Application MoneyTap Set to Debut Soon

SBI Ripple-Powered Application

SBI, the Japan-based Fintech giant, has just announced its plans of launching an SBI Ripple-powered application for mobile called MoneyTap.

ひっそりと、Moneytapのティザーサイトを公開しました。
ロゴや画面のイメージ如何でしょうか!?https://t.co/Pw4JDg9nEy

— 沖田 貴史 T.OKITA (@OKITATakashi) September 12, 2018

SBI Ripple-Powered Application

The CEO of SBI Ripple Asia, Takashi Okita, took to Twitter on Wednesday to announce MoneyTap. The translated tweet reads:

“Quietly, the teaser site of Moneytap was released. How about the image of the logo and the screen?”

It would be safe to assume that the CEO was asking for input on …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Ethereum (ETH) Dead? ETH Record Broken Following Sharp Rise this Week

Ethereum (ETH) Dead

Mainstream media has recently been sparking the question, “is Ethereum (ETH) dead?” Most journalists running these stories were referring to Ether or ETH, the digital token that runs on the Ethereum network.

Ethereum (ETH) Dead?

The reason the questions were prompted most likely had to do with ETH hitting 2018 lows recently. Most of the market, however, was also dropping at the time.

Despite its downturn, Ethereum has held strong as the second-largest cryptocurrency by its total market cap. Ripple (XRP), the third-largest cryptocurrency, is around $10 billion behind ETH.

Ethereum has …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Ripple gets closer to conquer the remittance sector as Saudi NCB partners with it

We can all agree with the fact that Ripple is highly recognized as a cross-border payment solution for financial institutions from all around the world, a field in which the company has been putting the most significant efforts to become the leader of the remittance services at a worldwide level.

In this sense, Ripple has managed to build several relationships of extreme importance with some of the most reputed institutions in the financial landscape such as Banco de Santander, American Express, Western Union, and others. However, the path is long, and still, there’s so much to make for Ripple to achieve its vision.

With relation to this, on September 13th the company made an important announcement that may bring it closer to its goal.

A strategic alliance has been sealed with nothing but the National Commercial Bank (NCB) of the Kingdom Saudi Arabia (KSA), one of the biggest markets for remittance services in the whole world. Let’s take a look at all of the details of the integration of the NCB to the Ripple net and how will this boost the company towards succeeding on its vision.

A big remittance market

As mentioned above the Kingdom Saudi Arabia remittance market is one of the biggest around the world, so the latest partnership represents an incredible win for Ripple that now is getting closer to conquer the sector.

According to data obtained from the world bank, 308 million dollars entered the country, and 37 billion dollars were sent outside in remittances just in the year of 2016; so we can have an idea of how big the market is and the heights that it could have at the moment.

About this, the main reason for the incredibly high flux of remittances being sent outside the country is that the KSA is one of the most significant labor markets in the world, meaning millions of people from different parts of the planet work there and send money back home to their families.

Just in 2017, 11 million workers from more than 100 different countries and regions were working in the KSA and using domestic financial services to send their money home. In this sense, Ripple states that “both large corporates and small to medium enterprises (SMEs) are responsible for significant payment volume.”

The NCB is the largest financial institution in the middle east to manage digital assets, the organization was founded back in 1953 and operates 512 branches across the KSA with more than 3 million customers.

The partnership with Ripple comes after the conclusion of a pilot programme developed by the Saudi Arabian Monetary Authority (SAMA) which signed an agreement back in February with Ripple, specifically for the xCurrent solution that the company offers.

The agreement was to “help banks in the KSA improve their payments infrastructure using xCurrent.” In this sense, the product would be used “to instantly settle payments sent into and out of the country, with greater transparency and lower costs.”

In relation to this, the Ripple’s Infrastructure Innovation Global Head, Dilip Rao, stated that,

“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.”

Conclusion

The National Commercial Bank of the KSA will start to function on the Ripple net at the end of the fourth quarter of the year, a moment in which it will be able to make transactions with a bunch of other institutions already transacting on the Ripple net.

The partnership will allow NCB users to enjoy faster, more transparent, and cheaper cross-border payment transactions. The first connections will be with financial institutions in North America and Asia, starting with Singapore for the latter one.

Without any doubt, this represents a massive step for Ripple in the domination path of the remittance sector. Even though the Ripple NCB partnership is still in the testing phase, but as things look, we call be sure that by the end of the year we will hear about the milestones of the partnership. And luckily for XRP fans, this might influence as well the price of the XRP token. So stay tuned.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by rawpixel on Unsplash

The post Ripple gets closer to conquer the remittance sector as Saudi NCB partners with it appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/ripple-ncb-ksa-partnership/

Should You Invest in NEO or TRON (TRX)?

Considering how many believe that cryptocurrencies are the future, a lot of people have developed an interest in them. This interest grew even more since the digital coins gained additional popularity before the bear market hit back in January of this year.

However, even though the prices went down, people still remained intrigued by the concept. As a result, we now have more cryptos, as well as more crypto investors, than ever before. While this is an excellent development for the crypto industry, many are often confused regarding which coin to invest in.

Most decide to go for the coin close to the top, but not the top itself. They also wish to go for a coin that has quality, as well as a vision. This is why people often end up comparing NEO to TRON and trying to figure out which one has more potential.

NEO or TRON — which one to choose?

Both NEO or TRON have a similar ultimate goal, which is to make the future a better place. They are both doing it in their own way. Both coins have previously been within the top 10 cryptos on CoinMarketCap, but have since dropped a bit lower on the list. Currently, TRX is leading by occupying the 13th spot, while NEO is following on the 14th place.

Their shared ultimate goal, as mentioned, is to change the world with their product, and make it better for everyone in it. Their smaller goals, on the other hand, are quite different. TRON wishes to start by dominating and revolutionizing the entertainment industry. NEO, on the other hand, wishes to do the same in the area of smart contract and dApp development. In this regard, NEO is similar to EOS, which is often seen as its biggest competitor.

Currently, NEO has over 66 dApps created on its blockchain. While the current leader in the number of dApps is undoubtedly Ethereum, the fact is that the quality of NEO’s dApps is far greater. This is due to the larger costs of dApp creation, which is why only the best and most confident projects choose NEO. Ethereum, on the other hand, is much cheaper to use, and that is why more projects end up there.

As for TRON, this coin has made an astonishing amount of progress throughout the year. It launched a MainNet, it held several token burns, it launched TRON Virtual Machine among other projects, and it even purchased BitTorrent for the purpose of a new Project Atlas. Even so, its price remains pretty low and is currently valued at only $0.020549 per coin. NEO, on the other hand, is considerably more valuable, with a price of $18.65 per coin.

While NEO obviously has more value per token right now, TRON has grown and expanded more than any other crypto. One of its biggest problems is large circulating supply and even larger total supply. Apart from that, this is a great project that is definitely worthy of investing in.

This doesn’t mean that NEO is bad. On the contrary, both of them are excellent projects, which are simply doing their thing in a different way from one another. This is also the reason why it is difficult to compare them and pick the better coin. Investing in either of them will require patience since investments in these coins are a long-term thing. As for which one to go for, that depends on the investors themselves. It all comes down to your own view of the project, and your own decision of their goal’s value.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post Should You Invest in NEO or TRON (TRX)? appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/invest-in-neo-or-tron-trx/

Can Litecoin (LTC) attain a price mark of $10k in 2020?

Litecoin as a digital asset that attracts more users to its network due to the fact that it is cheap, fast, and reliable. It is often regarded as a better choice than Bitcoin. Litecoin has gotten the media attention, and as a result, lots of investors want to invest in it.

After a few years of being at the top with other top cryptos, Litecoin is poised to breakout from its current status – but there are so much efforts to be put forward by the team behind it. The cryptocurrency currently stands at $55.55 at the time of writing.

Can LTC Reach $10,000 by 2020?

In November 2017, LTC was trading at $100 per coin. The next month (December), LTC traded much higher as its price surged to $331 per token. Nevertheless, this year has witnessed severe dips not only on Litecoin alone but with other altcoins.

Probably, one of the effects on LTC’s price is due to the market activities of Bitcoin (it’s a fork of Bitcoin, and as like all other cryptocurrencies on the market, Litecoin hasn’t succeeded in decoupling from BTC). With Bitcoin staggering hitting lows of $6000, LTC also has its price going back and forth, hitting the price range of $50-60.

We shouldn’t forget that this year, BTC’s worth increased by 1300%, while LTC’s value had a meteoritic rise and as a result, the crypto spiked by 2400%. As we have witnessed before the end of last year, LTC is gradually recovering from the price dips as Bitcoin is.

Moving forward, despite the fact that LTC is slowly recovering from the pull-backs, it has the potentials to attain $1000 before 2018 closes and also reach $10,000 when we land in the year 2020 – but this all depends on some factors, according to Forbes.

First thing first, Bitcoin’s future growth and spikes would play a key role. It is important to know that a positive turnaround from the world’s leading cryptocurrency, Bitcoin, would positively affect LTC on a right side. This is primarily due to the fact that if there are more trades on Bitcoin’s network, it boosts transactions and then, positive things follow for other altcoins, especially Litecoin.

Secondly, a high mass adoption of Litecoin’s protocol could also affect the price of LTC. Since Litecoin is considered similar to Bitcoin – but faster and cheaper than Bitcoin, it can cause an increased effect on the price of Litecoin on a long-term.

Last but not the least, is the determining factor of Coinbase. We do know that Coinbase is one of the leading crypto exchange in the crypto market today; however, an inflow of investors on Coinbase can also have a positive effect on Litecoin price in the long-term.

Conclusion

Litecoin has better usability compared to Bitcoin. Most investors use Litecoin as a standard for most blockchain dealings such as smart contracts, and so on.

However, Litecoin has the possibility to hit the bulls before the end of this year and on a long-term. If you are confused about investing in Litecoin, then, it is essential that you look at its price and value on long-term. Litecoin is poised for a breakout, and we should not be surprised if we see the bulls kicking earlier than forecasted.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Adrian Curiel on Unsplash

The post Can Litecoin (LTC) attain a price mark of $10k in 2020? appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/litecoin-ltc-2020-price-prediction-10k/