War of Crypto Unveils an In-Game Cryptocurrency That Contains $600 USD Worth of Another Cryptocurrency

War of Crypto (WoC) a blockchain-based PvP multiplayer game for PC, Android, and iOS has just announced via Twitter that their most valuable in-game ERC-1155 token will be a character named Daagon that comes with a “Golden Potato Skin”. There will only be 10 copies of this hero, they will all contain 10,000 in Enjin Coin (ENJ) each, and they will be one of 11 rare Heroes available during WoC’s pre-sale. These heroes will be the first ERC-1155 tokens to ever go on sale, and some of the first cryptocurrencies to be backed by another cryptocurrency, Enjin Coin. War of Crypto’s pre-sale of characters will begin on the 28thof July and will offer a range of heroes and skins that will only be attainable through peer-to-peer markets, once the pre-sale has completed.

“To certify the value of our pre-sale items, we’ve decided to back them with 300,000 Enjin Coin, valued at $30,000 at time of creation. This is the first time anyone has ever used cryptocurrency in this way,” said Lucille Games CEO Daniel Matias.

“Only 1,500 pre-sale heroes with special skins will be created, and they will not be reproduced after they’ve sold out. Considering that an ecosystem of potentially more than 100,000 users post-Beta will generally hold millions of heroes, these pre-sale items will be insanely rare and valuable to our player base.”

As a cryptocurrency, Enjin Coin is comparable to a digital gold standard for blockchain items. Any business that uses Enjin’s development kits places an amount of ENJ inside each item, primarily to certify that the item was created using Enjin’s development toolkit and therefore plugs into the Enjin Coin ecosystem. This ensures that items are supported by the necessary ERC-1155 compatible smart contracts, wallet apps, blockchain explorers, APIs, and scaling solutions. As a secondary utility, ENJ enables projects to offer investors a guaranteed cryptocurrency value stored within their items.

During the pre-sale, the War of Crypto team will be accepting ENJ, Ethereum (ETH), and Fiat for purchases. During War of Crypto’s pre-sale, investors can purchase crystals that will go up in price as the pre-sale continues. Once obtained these crystals will transform into random unique heroes with exclusive skins. War of Crypto is using ENJ to certify the value of these items, however, they could be sold for a lot more on the open market. These skins are extremely rare, once the pre-sale completes they will never be created again and will only be available in peer-to-peer markets. That means pre-sale investors will completely control the market for these items.

Although the game is in the early development stage, its gameplay can be described as a mix between Clash of Clans, Hearthstone, and Pokémon. War of Crypto heroes will be stored on the blockchain, giving players full sovereignty over their in-game assets. This means WoC’s characters will be more decentralized, transparent, immutable, and secure than characters in other games. A detailed history of each hero will remain permanently on the blockchain, allowing game characters to maintain interesting user-defined backstories. This is expected to become a gameplay feature in and of itself.

War of Crypto will utilize the Enjin Coin ecosystem to integrate their items into the blockchain. Enjin Coin, inventors of the ground-breaking ERC-1155 token standard which enables game developers to create tokens more feature-rich than Bitcoin, Ethereum, or even Enjin Coin itself, is now releasing their next-generation smart contracts to Mainnet. This will enable innovations such as cryptocurrency-backed items, detailed metadata, commissionable trading markets, and compounding items, all of which will be managed and authenticated by the Ethereum blockchain.

For more information visit http://www.warofcrypto.com.au

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.

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Ethereum-based BitMart Token (BMX) Now Listed on CoinMarketCap

BitMart Token (BMX) has been listed on CoinMarketCap (CMC) with a price of $0.0542 USD as of writing. BitMart Exchange itself was listed on CMC in early June and currently has a daily trading volume of $22,630,975.23, earning it a top 50 ranking on CoinMarketCap.

What is BMX?

BMX is an ERC-20 based token issued by BitMart Exchange with a total volume of 1,000,000,000 tokens. When users conduct transactions on BitMart, they will get a discount on the trading fee if they use BMX, no matter what tokens they trade.

Repurchase Mechanism

BMX also features a repurchase mechanism in which the BitMart team will take out 20% of the income earned from trading fees each month to repurchase BMX. All repurchased BMX will then be destroyed, with repurchase records released by BitMart immediately to ensure transparency. This mechanism will continue until only 500 million BMX are left. Since trading fees began June 20th, the first burn is scheduled to take place at the end of July.

About BitMart

BitMart is a premier digital asset trading platform with more than 449,000 users from over 160 countries. BitMart offers crypto-to-crypto trading for coins and utility tokens only. BitMart has a global team with extensive industry experience from all over the world including the United States, Russia, India, Singapore, Japan and Hong Kong. Since launching in March, BitMart has a total trading volume of over $549,000,000USD. BitMart currently offers 53trading pairs for BTC, ETH, USDT, XLM, EOS, VEN, NEO, OMG, ZRX, IOST, ABT, AE, AISI, BBK, BTM, DPST, EFX, GNT, HYDRO, KAN, MKR, ONT, RHOC, XRR, ZIL,  MOBI, and BMX.

BitMart currently offers a Refer-A-Friend Program, where users can invite friends to join using a referral link and receive a commission from their friend’s transaction fees. The commission rate is 50% of the transaction fees from direct referrals, and 10% from indirect referrals (i.e., people who sign up using the referral link of some who you referred). There is no limit to the number of people you can invite and you can start collecting referrals now. In addition, the commission from the referrals‘ transaction fees will be paid to users in BTC.

In addition to current promotions, BitMart will also soon be opening a new market for their utility token, BMX. Projects will be able to obtain investment from supporters in the form of BMX and use it to list their tokens on BitMart Exchange as a trading pair for BMX. All transaction fees from the BMX market will go directly to the users who supported the project. Once a project has proved successful on the BMX market, it will be reviewed for listing on BitMart’s BTC and ETH markets without a listing fee.

To learn more about BitMart visit their WebsiteTwitter or join their 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.

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Humaniq set to reduce the gap between the two worlds of traditional finance and crypto economy in the UK

London, June 20, 2018 – Humaniq, a dynamic UK-based Hybrid Blockchain company, along with 40 blockchain companies focusing on financial services, is featured in the report Blockchain in UK Industry FinTech Companies Overview conducted by the Big Innovation Centre, DAG Global, and Deep Knowledge Analytics.  

According to the report, Britain has the opportunity and all the required resources to become a strong innovative leader in the field of the crypto economy by 2022, The Guardian says. The UK has an amazing diversity of Blockchain projects, with  FinTech companies accounting for a large proportion of these startups. Named in the report, Humaniq is regarded as a blockchain-for-good infrastructure platform that combines distributed ownership, mobility, visual simplicity and biometric ID to connect the 2 billion unbanked people to the global economy. It is even able to help mitigate the refugee crisis, the report adds.

The Blockchain in UK Industry report analyses the Humaniq case study and lists the key features of Humaniq, its main products and profit generation sources, including the сreation of augmented economy elements for 3rd parties in the ecosystem and participation in the additional profits. Moreover, Alex Fork, Founder of Humaniq, is identified as one of the UK’s Blockchain Influencers.

“The report clearly shows a trend in the UK of a rapid adoption of new technologies and this means that the stage is already set for projects that are anxious to change the world, the whole financial system and the lives of millions of people. The Humaniq team is excited to be in the centre of the action where the history of technological development and the emerging crypto economy is taking place before our very eyes” – said Alex Fork, CEO Humaniq.

In addition, a few days ago Humaniq participated in the All-Party Parliamentary Group on Blockchain (APPG Blockchain) at the U.K Parliament and was announced as one of the leading use cases of blockchain-for-social-good for delivering financial services in 16 African countries.

Alex Bausch, a seasoned entrepreneur with broad experience in all aspects of international business development, mentioned: «The importance of Humaniq’s contribution to financial and social infrastructure cannot be overemphasized. The progress the Humaniq team has made so far is astonishing and they are well on their way to achieving their ambitious goals. »

ABOUT HUMANIQ

Humaniq is a London-based Fintech firm that provides next-generation financial services using its Blockchain-based mobile application to the unbanked and underprivileged in emerging economies globally. Humaniq is focused on worldwide financial inclusion by providing access to global markets, greater opportunities, and novel financial solutions using repurposed technologies for those gaining exposure to financial services for the first time.

Media contact:

Humaniq PR team

Pr@humaniq.com

See more at http://humaniq.com

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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.

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Litecoin leaves Bitcoin behind in advantages, here is how

Bitcoin is the most respected cryptocurrency of all because it was the one that got things started for everybody else. As any protagonist player in any field, Bitcoin has both detractors and fans. Charlie Lee was a huge fan even back in 2011 (he still is) when he still was a software engineer for Google (if you’re reading this using Google Chrome, chances are you’re using code he wrote). In fact, he was such a big and enthusiastic fan that he decided he wanted his very own Bitcoin, except a little more flexible, a little agiler. Thus Litecoin was born.

Charlie Lee conceived Litecoin as a cryptocurrency complementary to Bitcoin. He wanted a blockchain environment in which payments among users could be processed in seconds instead of minutes or hours, and he also wanted to keep transfer fees as close to zero as humanly possible.

So what he did was to take the Bitcoin blockchain technology, locate the code sectors that created information bottlenecks and were slowing things down and changed them by making them lighter (hence, the name) but without losing any robustness in the process. And he achieved his goal.

Litecoin is the exact same thing as Bitcoin in almost every way. It’s a fork from the Bitcoin blockchain (if you are an open source software user you’re probably very familiar with the concept of forking). So it’s the very same blockchain technology, but with some of the steps in the process (particularly the consensus system) altered in a way that privileges speed over the original Bitcoin protocol.

Litecoin was released to the world as an open-source client available on GitHub on October 7th, 2011; the new Litecoin network went live six days after that, and it’s had a successful run ever since then. After its release, Litecoin’s most crucial historical milestone probably came on November 2013 when it increased in price by 100% in a single day reaching one billion dollar market capitalization for the first time.

What edges Liteon has over Bitcoin?

Mr. Charlie Lee achieved all he was set out to do when he founded Litecoin and then some. As I write this piece, it’s the world’s seventh crypto-coin by market capitalization. It’s very popular, and it’s considered to be one of the most robust blockchain projects in the world. The currency is mined by the community, just as Bitcoin is, but the time it takes to calculate a block is much shorter than Bitcoin’s because of the changes Charlie Lee made on the source code and the blockchain process.

Mr. Lee was able to make things happen as he wished. In Litecoin (LTC), token exchanges among network users are settled almost instantly, and transaction fees are meager. Another difference between Litecoin and Bitcoin is in the final number of coins that will be mined.

Bitcoin is famously designed to mine twenty-one million coins only while Litecoin will mine eighty-four million in total. A further advantage of Litecoin is in how flexible the infrastructure is. A change in the whole Litecoin environment is easy to carry out which is why many planned upgrades and features projected for Bitcoin are implemented first in Litecoin to observe how the network could react to a given update or change.

Litecoin can create a new block every two and a half minutes, instead of Bitcoin’s ten, because among the innovations Mr. Lee brought to Litecoin was to substitute the SHA-256 hash for scrypt. These are the functions that are used by each blockchain in the proof-of-work protocol. Scrypt collisions are faster to compute, hence the improvement in speed.

This currency has been the heart of many other blockchain projects such as Open Bazaar, Lightning network, Atomic Swap and many others. There’s been a lot of buzz about Litecoin for the last eighteen months, and there are some excellent reasons for that. Just last week Litecoin became the first blockchain project in history to buy a bank which opens up all kinds of exciting possibilities.

Mr. Lee’s Litecoin is one of the most dependable, reliable and well-trusted cryptocurrencies in the cryptosphere so it will be worth your time to follow closely the way it performs and any new project it could be involved in.

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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.

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Ethereum (ETH) vs Ethereum Classic (ETC) – Can ETH be Replaced Soon?

Ethereum Classic (ETC) has been doing quite well lately and has even made headlines after Coinbase announced its plans to adopt it. This has provoked a lot of discussions regarding ETC’s position, and whether or not it might become a danger to Ethereum (ETH) itself.

Coinbase makes a move on ETC

Ethereum Classic (ETC) has received a lot of attention after Coinbase’s initial announcement that the coin will be joining its rather short list of offered cryptos. Originally, the plan was to add ETC in a few months. However, another recent announcement indicated that this might happen a lot sooner than that, due to its similarity to Ethereum (ETH).

This has caused many to believe that ETC has already been integrated and that Coinbase is simply waiting for the right time to announce its listing. When the announcement finally comes, the crypto community expects that ETC’s price will rapidly skyrocket. In fact, this might be one of the biggest reasons why ETC has received a lot more traffic recently.

ETC works to reach ETH

Ethereum and Ethereum Classic are a lot alike, with both platforms offering smart contracts, and being highly decentralized. So far, however, ETH has mostly been preferred over ETC. Still, this doesn’t mean that ETC’s team has given up. In fact, their roadmap has displayed various plans to make the coin more attractive.

The ETC developer team has already scheduled various projects that are to come to life over the course of this year. Besides the obvious plan to advance the platform and make it better for the users, it would seem that the team also wishes to close the gap between ETH and ETC. Some of the biggest goals that ETC has set for this year include finding solutions for scalability via sidechains, creating a platform for third-party developers to use and create dApps, as well as ETC’s integration with IoT.

Getting better solutions for the platform’s scalability is not an easy thing to do, but the ETC developers seem to have found the way. The solution is to add a number of sidechains to the blockchain. Even though the solution has seemingly been found, this is still a challenging task, and the team has a lot of work ahead of it.

Making ETC usable with IoT has been another one of the larger goals of the ETC developer team, although this is a short-term goal. In order to make this work, the team has already set in place various components. Those include Emerald desktop client, Emerald Wallet, as well as Sputnik VM.

How do the prices compare?

Both ETH and ETC have been through a lot, and have suffered significant losses at the beginning of the year. Since then, they had only one large increase in price, which came in mid-May 2018. However, this increase went away as quickly as it originally came, and the coins returned to their regular 2018 prices.

The lack of large changes shows stability, although it is unfortunate that it came at a lower price than many would want. Currently, Ethereum still holds the second place on CoinMarketCap, with the price of $478.14 per coin. ETC, on the other hand, is ranked 15, and its current price is $17.58 per token.

However, the possibility of ETC reaching Coinbase’s list might change things significantly for this coin, especially when we consider its recent performance and an increase in traffic. If the pre-listing rush continues, ETC could easily go over $20, and some believe that this might be only a beginning.

Another reason why ETC might rise soon is the market recovery after the Bancor hack, which has caused a drop in prices of many cryptocurrencies. If Bitcoin picks up the pace and returns the market to its bullish behavior, a lot of cryptos, including ETC, might largely benefit from that.

Other ETC listings

We should also not forget that ETC has been listed on other exchanges, even though their announcement were quickly forgotten after the one made by Coinbase. The other two, which listed ETC almost a month ago, includes CoinBene, as well as Novaexchange.

And finally, there is RADEX. RADEX is a first decentralized exchange that was created solely for EETC. It was created in its entirety by Saturn Network, and it features tools for handling and interacting with smart contracts, n addition to handling transactions.

So, obviously, ETC has been doing very well in the last few months. The question on everyone’s mind now is whether it will be enough, and if so, what can be expected in terms of its price? There are definitely some very positive developments for this coin, but the gap between ETH and ETC is still pretty big, and ETC has a lot more work to do to close it. However, it would seem that the coin is on the right path, judging by the recent developments.

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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.

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Decentralized File Storage for Blockchain: TCFS vs IPFS

Cloud provider Xunlei recently launched the ThunderChain File System (TCFS) which is a distributed file system, similar to InterPlanetary File System (IPFS), an open-source project. TCFS is designed by Xunlei after a business pivot into blockchain technology. The company has launched the high-performance blockchain ThunderChain in April, which is designed to process over 1 million transactions per second.

Both TCFS and IPFS are distributed file systems for storage of digital files (in the form of documents, images, videos, web pages and programs). Hypertext Transfer Protocol (HTTP) has been widely used for file storage and downloads. However, HTTP itself has many problems – When a user wants to go to a website, the browser will be directly connected to the computers that are serving that website, even if their servers are remotely located and the transfer process costs a lot of bandwidth and other computing resources. HTTP is not reliable either. If one link in a HTTP transfer was cut for whatever reason, the whole transfer halts.

That’s why developers seek to replace HTTP’s centralized protocols with distributed protocols. A distributed protocol, as the name suggests, is designed to store files across multiple nodes instead of centralized servers.

IPFS was born in 2014 to address those challenges. IPFS provides a high-throughput, content-addressed block storage model, with content-addressed hyperlinks. Indeed, there were high hopes for IPFS, but it has shown some drawbacks when it comes to blockchain. Although TCFS is a new comer, it has an edge in technical features tailored to blockchain-related applications.

First of all, data storage. IPFS relies on file access to keep files from missing. The more popular a file is, the greater number of storage nodes are involved and the less likely such file will be gone. However, it’s a different story with rarely accessed files. Such files could disappear eventually with limited number of nodes hosting the content, such as family photos.

The second issue is privacy. IPFS is currently open to everyone. Restricted access is necessary for confidential files even when they are shared within certain groups like corporate emails. The third is efficiency. IPFS files are stored across nodes as duplicates. Duplicate data increases with the number of nodes serving the file, resulting in low storage efficiency levels and potentially leading to a waste of computing resources, including storage space and bandwidth.

Finally, IPFS itself is unable to delete and block illegal content. Some IPFS developers has already realized the above issues and started to tackle these problems. Meanwhile, TCFS is designed to provide alternative solutions to distributed file management on blockchain platforms.

TCFS combines the futures of IPFS and Filecoin (which has not been live yet) with an incentive mechanism to maximize storage efficiency. It has improvements in other aspects: i) availability – Slice storage based on Forward Error Correction (FEC), plus a file self-healing mechanism, ensures high availability and storage efficiency i.e. reduce duplicated files; ii) performance – leveraging Xunlei’s 15 years of experience in cloud acceleration technologies, TCFS can help users with much faster data transmission; iii) security – Only data owners and authorized users can access secured files; and iv) flexibility – developers can use LinkToken, a virtual token on ThunderChain, as an incentive or create their own incentive mechanisms that encourage users to share their redundant storage.

Both TCFS and IPFS are originated to solve issues impacting internet user experience. IPFS is still an unproven and work-in-progress technology. Though TCFS is a newly released solution, it has emerged as a perfect fit to blockchain technology. TCFS has the potential to help the blockchain industry to scale by providing the peer to peer and distributed file system that is needed as a foundation to support large use base applications.

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.

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Zilliqa (ZIL) rises as Ethereum fails to answer

Zilliqa (ZIL) is a blockchain project and cryptocurrency that, despite its young age (it was started only last August) is gathering attention and gaining users. 

The token is based on Ethereum’s ERC-20 technology, but it’s independent of the Ethereum network as it was introduced precisely to address some of the Ethereum environmental problems (scalability and price). 

Besides the crypto-coin, Zilliqa aims to be a blockchain-based operating system in which decentralized apps can be developed in a way similar to Tron and EOS.

Zilliqa smart contracts are written using their proprietary Scilla ( a programming language), and the network also uses sharding technology, which is a protocol that breaks a calculation down into smaller pieces that can be solved parallel in a node’s sub-network so that transactions and block elements can be computed more quickly. If this doesn’t impress you very much then know this: it’s one of the few digital assets currently trading in green numbers.

Ethereum is bleeding users and developers to Zilliqa

Overstating Ethereum’s importance in the cryptosphere is hard. Several essential blockchain projects started running over the Ethereum blockchain and the ERC-20 before they became independent (Tron and EOS are the best-known examples). But there is a reason why those projects choose to develop their blockchains and leave Ethereum behind.

One problem with Ethereum is the gas price, it keeps going up, and it makes it expensive to create and use apps that run over Ethereum. The other problem is scalability. 

The network is slow compared to the most recent blockchains available. Zilliqa still uses an ERC-20 token, but their technology is designed to deal with those very problems. It’s very cheap, and it’s swift, and those advantages are attracting current Ethereum users and developers.

Take the Etheremon example, which is sort of Pokémon-go clone that runs as a decentralized game on the Ethereum (ETH) platform. Current fees on Ethereum are becoming so high that they are starting to ruin the fascinating experience of gaming. Etheremon is dealing with this issue by moving a portion of the game to Zilliqa, which pushed Zilliqa’s price up. Ethermon’s blog published this in its official Medium blog:

“Long-term solution, we are glad to announce that we will work with the Zilliqa team to explore Zilliqa as a scalability solution to Etheremon. The Higher throughput and low gas of Zilliqa’s sharding solution offer players a better experience.”

More competitive transaction fees

Ethermon’s solution is something of a band-aid, it cannot last for long. Currently, the transaction system runs on Zilliqa while the game engine is still on Ethereum which is not sustainable, but the developers have not yet announced for how long this will remain as it is.

Not too long ago there was another game (CryptoKitties) that taxed the Ethereum’s network performance hard enough almost to paralyze it. 

It goes without saying that this is not how you attract investor confidence, new users and new demand for a crypto coin. The scalability issues are quite severe, and they have not been addressed. Even worse: now there’s a lot more competition in Zilliqa, Tron, EOS, and others.

Zilliqa (Zil) is rising

Real-time performance is of capital importance in entertainment and gaming applications, and Ethereum just can’t handle them anymore. But Zilliqa can. And it’s even faster than EOS and Tron while keeping things secure.

Ethereum’s will keep being the dominant platform for decentralized games for a while yet. There’s no way around it, they have been around for too long, and it’s going to take some time for other games to migrate their products into different blockchains. 

But as games that run over the blockchain multiply and become more popular, the battle of the providers will grow in intensity and, as things stand, it’s one that Ethereum cannot win long-term. That is Zilliqa’s gain.

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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.

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XRP Captures 50% of India Crypto Market

Ripple’s strategy for advancing XRP in the global crypto market seems to be starting in India. Its representative recently talked about this and explained what Ripple is trying to achieve.

Ripple owns half of India’s crypto market

Asheesh Birla, Ripple’s Senior Vice President of Product has talked about Ripple’s recent acquisition of a large number of market shares in India. Birla explained this on a panel at Wharton School of Business and stated that the plan is to eventually root in the economy on a global scale.

According to Birla, Ripple currently owns about 60% of the total supply of XRP tokens. The company’s next goal is to try and convince banks and financial institutions of India to open their doors to RippleNet. Doing so will allow them to connect to over 70 other banks and financial institutions from around the world, that have already entered into a partnership with Ripple. The only condition is that the banks of India will have to use Ripple’s tech for payment processing.

If successful, Ripple will effectively gain up to two billion users, and the question of whether Ripple can even handle that many customers arose. He continued to explain that the plan, at first, was to approach the three biggest banks in India. This move would effectively bring Ripple around 80% market share. However, the realization that within five years, over a billion people will become phone-banked in this country, Ripple decided to start targeting telecommunication companies and mobile phone providers.

This allows Ripple to tap into around 50% of India’s market. This is the percentage that has either already joined Ripple, or is expected to do so soon enough.

Stepping stone for reaching world marketplace

Ripple’s newest actions brought it a lot of success, and they are currently making more than one deal per week. Birla stated that this is a dramatic advancement and that Ripple is selling its products to banks left and right. According to Birla, the current trend is to disrupt the banks. However, Ripple has decided to take a different road and has instead started working with them.

The Ripple (XRP) community blog pointed out that the situation in India might not be as good as everyone is expecting, especially when it comes to regulations. The RBI (Reserve Bank of India) has especially led a turmoil when it comes to this issue.

However, it would seem that Birla’s recent talk has changed the author’s mind about the situation. Not only is the author not worried, but has even turned bullish regarding the reach and advancement of the RippleNet. All in all, this might represent a historic moment for Ripple, and cryptos in general. A lot of work has yet to be done, but Ripple is definitely on its way to dominating the world market.

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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.

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