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anubhavsingh

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  1. As Ripple XRP is emerging as one of the strongest cryptocurrencies, its foray into the new market of EU with an organized system will improve the allied sectors. Exchange App Development, being integrated with cryptos, will definitely hit a hike. Ripple recently collaborated with NEM, the Distributed Ledger Company, to create a new association called “Blockchain for Europe”. The two companies are aggressive to move ahead in the European market with a vision to unify the blockchain ecosystem in the continent. With this, blockchain Technology is set to gain a strong ground across European Union. After the US and the South Americas, regulators in the EU finally took the side of Blockchain and Cryptocurrency. Ripple’s move is after Cryptos received a positive response in the recently concluded G20 Summit. Although the roadmap of the partnership was created before, developments in G20 reinforced Ripple’s idea of Blockchain for Europe Association. What is EU Blockchain Association? EU Blockchain Association is formed as the unified platform for all blockchain based players in the European Union. Ripple and NEM announced that the foundation will safeguard the interest of blockchain and cryptocurrency business. Apart from regulating, the association also promises to promote Blockchain and Distributed Ledger Technology. Per Dan Morgan, Ripple’s head of regulatory relations, Policymakers in Europe should “capture the benefits of both digital assets and blockchain technology”. Furthermore, this is the right time to get into the business and develop an appropriate regulatory framework. Blockchain for EU is setting the undertone for the same. A Balance in Demand and Supply Ripple and NEM will certainly seek the advantages for Blockchain Industry from the perspective of enterprises. However, there is a strong need to safeguard the interests of consumers as well. Blockchain for EU will work as the combined platform for regulators as well as the industry players to bring out the best in both demand and supply sides. The association will push forward the agenda of a legal framework, keeping a balance between the expectations of buyers and that of enterprises. Visit here to read full story
  2. The crypto market is going crazy over Ripple and XRP. It has a now reached a fever pitch. And because of that, people are coming up with questions about the company, how can it be used, where to buy it and the digital asset. So, to eradicate any misconceptions about Ripple and XRP, here’s a compact guide that has answers to eight of the most frequently asked questions. However, it’s still in the development stage. As the development processes, this list will be updated regularly. 1. How to buy XRPs? You can buy XRPS on more than 60 digital asset exchanges globally, some of them are listed on this page. Do remember that every exchange has a different process for buying XRP. In case if you have already bought XRP from an exchange and have questions about your purchase, you need to reach out the respective exchange directly. For maintaining a healthy XRP market, Ripple considers having XRP listed on top online asset exchange its top priority, so that it can make it broadly accessible globally. Ripple has deployed resources to fulfill the initiative. So, you can expect current developments moving toward forming global liquidity. 2. What are XRP, XRP Ledger, and Ripple? XRP refers to digital asset native to XRP Ledger. While XRP Ledger is a distributed, open-source ledger. Ripple is a private company. 3. Which financial institutions decided to adopt XRP? During May 2018, MercuryFX, MoneyGram, IDT, Western Union, Cuallix. Currencies Direct and Viamericas- eight leading payment providers- have decided their pilot use of XRP in payments using xRapid to bring liquidity solutions for cross-border payments. The pipeline of financial institutions for Ripple is growing. They are interested in incorporating XRP in their payment flows. 4. Is XRP secure enough? Do I need an exchange to use it? Read full story here
  3. In the recent Swell 2018 conference, former Chief Product Officer of e-Bay R.J. Pittman evaluated the eminence of Ripple and its technology in the e-Commerce industry. Per the technologist, this particular blockchain will come up as the most appropriate mechanism to address several lacunas related to payments and transactions in the industry. Pittman projected Ripple’s technology as the future of payment systems. He pointed out xCurrent and xRapid to possess the imperative traits that effective payment systems should have. Posing the emergence of a highly competitive market, Ripple based blockchain crypto solutions are believed to offer adequate features to make business streamlined in terms of financial transactions. The fuzzy eCommerce Ecosystem Presently, online payment methodologies in e-Commerce are struck in the bottleneck due to several critical aspects. The internet is failing to offer adequate scalability and the proper infrastructure. Growing user bases and the burgeoning transactions are making tracking and supervision of payment transactions a tough task. The existing web technologies are proven deficient, turning as obsolete methods. Blockchain crypto solutions offer a new dimension in digital payment technology. It is possible to eradicate each critical situation in the conventional system. Visit here to read full story
  4. As Ripple XRP is emerging as one of the strongest cryptocurrencies, its foray into the new market of EU with an organized system will improve the allied sectors. Exchange App Development, being integrated with cryptos, will definitely hit a hike. Ripple recently collaborated with NEM, the Distributed Ledger Company, to create a new association called “Blockchain for Europe”. The two companies are aggressive to move ahead in the European market with a vision to unify the blockchain ecosystem in the continent. With this, blockchain Technology is set to gain a strong ground across European Union. After the US and the South Americas, regulators in the EU finally took the side of Blockchain and Cryptocurrency. Ripple’s move is after Cryptos received a positive response in the recently concluded G20 Summit. Although the roadmap of the partnership was created before, developments in G20 reinforced Ripple’s idea of Blockchain for Europe Association. What is EU Blockchain Association? EU Blockchain Association is formed as the unified platform for all blockchain based players in the European Union. Ripple and NEM announced that the foundation will safeguard the interest of blockchain and cryptocurrency business. Visit here to read full blog
  5. Layoffs became the Latest Thing in Cryptocurrency: What’s the Implication? Cost cutting has been a trend in every business when returns are not bullish. Lately, the Cryptocurrency Industry seems to go through a similar trend. The Industry must focus to develop blockchain solution creating the leeway to escape this condition. Steemit, a top cryptocurrency firm laying off 70% of its employees is waving a red flag. While ConsenSys, the Blockchain Social Media is ready to get rid of 13% of its workforce, confirming the alert. Steemit put it straightforward citing the continuous bear market of more than 9 months as the reason. And, ConcenSys is “restructuring” itself. This situation implicates a strong drift. Know More About Steem Cryptocurrency. Why IOTA and Ripple Must Develop Blockchain Solution IOTA and Ripple are two different use cases of blockchain technology. However, they are both evolving to transform as Distributed Ledger Technologies. DLT is gradually turning as the next stage of blockchain development. Read full story here
  6. Ripple has been sending ripples for a while in the cryptocurrency landscape. It has become one of the most popular cryptocurrencies in the last few years. While the massive fluctuations in the cryptocurrency market are due to the predominance of big guns like Bitcoin, Ripple’s XRP seems to be catching up lately. The digital currency that began its journey as a blockchain transaction protocol offering speedy transaction capability in exchanges at cost-effective prices now stands at the second spot on Coinmarketcap. The XRP holders are now keenly waiting for the initiation of various projects that are in Ripple’s pipeline for several months. A few of these projects include acceptance of XRP as a legit digital currency for cross-border payments by MoneyGram and Western Union, introduction of XRP by Santander Bank, and the like. After the realization of these recent developments in Ripple, trading is likely to become more convenient and alluring for XRP users. Read full story here
  7. Layoffs became the Latest Thing in Cryptocurrency: What’s the Implication? Cost cutting has been a trend in every business when returns are not bullish. Lately, the Cryptocurrency Industry seems to go through a similar trend. The Industry must focus to develop blockchain solution creating the leeway to escape this condition. Steemit, a top cryptocurrency firm laying off 70% of its employees is waving a red flag. While ConsenSys, the Blockchain Social Media is ready to get rid of 13% of its workforce, confirming the alert. Steemit put it straightforward citing the continuous bear market of more than 9 months as the reason. And, ConcenSys is “restructuring” itself. This situation implicates a strong drift. Why IOTA and Ripple Must Develop Blockchain Solution IOTA and Ripple are two different use cases of blockchain technology. However, they are both evolving to transform as Distributed Ledger Technologies. DLT is gradually turning as the next stage of blockchain development. It is easier to develop solutions by leveraging the technology as a distributed or decentralized ledgers rather than just blockchains. Blockchain can be understood as a type of Decentralized Ledger Technology which can store data only in the form of a chain. Meanwhile, DLT encompasses a broad range of architectures including Directed Acyclic Graphs and Hybrids. Entities like IOTA, Ripple, Hyperledger and such technologies with strong market positions must steer stronger in technologies like DLT and use cases of Blockchain to take the lead. Visit here to read full story
  8. The Current Scenario of Payment Networks Today’s global payment system fails to address the currently siloed payments networks lacking efficient inter-connectivity to serve the needs of today’s customers. A few pain points in the subsisting network – limited transparency, low speed, and high cost- stem from the absence of a single, global payments network. These all points result in moving businesses and consumers away from banks towards Fintech providers. Nonetheless, the latter is much adequate and efficient in meeting consumers’ needs. What opportunities does Ripple for Banks offer? RippleNet intends to deliver a single, frictionless platform for cross-border payments. It’s is a single, global network of banks used to conduct payments using its distributed financial technology; providing a real-time messaging clearing and settlement of transactions. RippleNet forms of a decentralized network based on the term between Ripple and its network participants. Both utilize the same technology and stick to a defined set of payments standards and rules. By adopting the technology of RippleNet, banks get robust connectivity, standardized technology, and necessary data attachments with each transaction. It’s the Ripple’s distributed financial technology that outruns today’s complex infrastructure by lowering costs, expediting processing, and providing end-to-end visibility in payment timing, fees, and delivery. RippleNet’s ecosystem of participants is categorized into two groups; network users (corporates, consumers, and others) and network members (payment providers and banks). Visit here to read full story
  9. Today, the global economy and the digital world are growing rapidly. Because of that various disruptions are happening in these two domains, causing businesses and traditional institutions to change the way they operate. And, now the issue that is all the rage and on the brink of disruption is traditional payments solutions. They are soon to be replaced by virtual payment solutions. Governed by cryptography, the decentralized, distributed ledger technologies like Blockchain is offering numerous prominent advantages over fiat currency and traditional payment systems. Why are we focusing on virtual payment solutions today? It’s because of Ripple, representing the next-gen of blockchain technology, that has so much to offer. RippleNet specializes in almost every significant attribute of a blockchain network, such as swift transactions, improved transparency, low transaction fees, etc. Ripple addresses the challenges that some of the existing blockchains fail to do. Its primary aim is to provide a secure and integrated global payment solution. The problem begins with today’s global payment systems. Most of the enterprises lack in having a decent infrastructure, wherein the networks fail in providing the necessary features, including sufficient inter-connectivity to serve the demands of the international users. In a nutshell, the current networks either are inefficient in proper regulations or are ineffective at handling the obstacles involved in cross-border payments. Whether it’s the high processing fees or improper servicing facilities, the incompetencies of the existing global payment networks are driving brands and consumers away from centralized systems and banks to Fintech providers like Ripple and Stellar, which are adept at handling such issues at hand. Being among the top blockchain systems, Ripple has presented itself as a viable digital investment option for domestic as well as cross-border transactions. Also Read: A Step-by-Step Guide To Know Everything About Ripple Revamping Cross-border Payments with RippleNet We discussed in the previous section that how Ripple strives to eradicate some of the biggest barriers within the current global payment systems. Visit here to read full story Source: https://blockchain.oodles.io/blog/ripplenet-virtual-payment-solution/
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