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Ripple Executive Says XRP Can Trigger A Revolution In Micropayments

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Ripple executive Navin Gupta says that crypto-assets like XRP are the best technology that is able to trigger a revolution in the micropayments industry. In the XRP news today we read more about his statements made during the FinTech Abu Dhabi 2019 event.

During the event, the ripple executive and managing director for Southeast Asia, the Middle East, and North Africa, said that hundreds of millions of people will one day rely on micropayments to move value. Gupta says that the real-world use cases will allow the website more accessible to content for a few cents instead of signing up for a subscription:

 “Let’s assume [the website] already has millions of subscribers and it’s reaching a saturation point. It wants to give you the right to read just one article at 10 cents… But there is no payment system in the world today which can accept 10 cents from Emily and pay it to [a publisher].’’

Gupta continued to explain that nobody is able to this at a reasonable price in just a few seconds so someone can just press a button on the other side and they are able to read an article. However, Gupta believes that cryptos can do exactly that. At a very low cost, they are able to allow everyone, for example, to read an article without the prolonged process of subscription. The micropayments are one area where a very large number of publishers are looking to find a venue to reach hundreds of millions of customers and to get them on board where they will be able to serve bite-size content.

Another potential use case that can emerge from XRP can be seen in the billion-dollar video game industry. Gupta pointed to the sale of virtual in-game items as a potential mainstream marketplace for micropayments. He said that his son will be happy to use it:

 “He wins virtual swords. He will win different things but what he wants to do is convert his virtual sword into an ice cream. He wants to sell his virtual sword for a dollar for somebody else who wants it. He wants to get to the next level and convert that into ice cream. There is no payment system in the world that lets him do that.’’

The Ripple executive says that the micropayments industry is a huge market that has millions of customers waiting in line with growing demand but we are failing them because there is no such system. Ripple is currently trying to change that through investing and working in the ecosystem and helping them to enable the businesses.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Coinbase News

Ripple And Coinbase Are Among 10 Biggest Companies In 2020

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The Coinbase XRP news today show that Ripple and Coinbase are among the 10 leading fintech companies in the US by their size. The analysis shows that there are three firms in total out of these ten which focus on crypto-related activity: Ripple, Coinbase and Robinhood. Carried out every year by the American business magazine Forbes, this list is in the Ripple news once again and the news source features the 10 biggest fintech companies in the United States. To some, it may seem that this list is predictable as big companies get bigger, improve their performance and reinforce their standing. However, the list for 2020 has also brought a couple of surprises. What matters, however, is that Ripple and Coinbase have cemented their place on the list. Ripple is on the 2nd position, Coinbase lies on the 3rd position and Robinhood is on the 4th position, correspondingly. If we start with Ripple, the value of XRP is tremendous. The company has shown great performance in 2019 and rose in terms of its value. Ripple raised $200 million in an investment round and the company's value surged to $10 billion. The partnerships with BitPay and Intermex added a lot to its value and Ripple has been named one of the best workplaces in the Bay Area. The Coinbase XRP news also show that exchange is next, strengthening its position after making its mark as a safe and regulatory-compliant crypto exchange which offers crypto custodial services to institutions. In addition, the latest Coinbase news show that the exchange ventured into a personal wallet and added support for new currencies. Robinhood, as the fourth ranked company, has also been growing and introducing new features. It launched fractional stock trading with zero fees, expanded its geography and allowed US residents to trade 7 digital assets free of charge on the platform. The top fintech company on the list, however, is Stripe with $35 billion as its value. In 2019, it raised $250 million in a new round of funding, which led to an increase in its value. Besides this, Stripe rolled out a new corporate credit card and small business loans which are automatically repaid from payments that it processes for borrowers. Among other companies on the list are Plaid, SoFi, Credit Karma, Opendoor, and Root.
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Ripple News

Ripple XRP Could Explode Higher If Technical Stars Align

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We all know that Ripple XRP could explode and reach the all-time highs it once posted. However, in order for that to happen now, the Ripple news must see a couple of technical factors colliding. And after peaking last week, the market leaders Bitcoin, Ethereum and Ripple XRP could only retrace if their losses are recovered in the short term. As you probably know, XRP was hit hard by the retracement last week, falling from its multi-month high somewhere above $0.34 to as low as $0.265 during the flash Wednesday sell-off which brutalized bulls and liquidated millions of dollars worth of Bitcoin positions on BitMEX as well as other leverage exchanges. The more-than 25% retracement in the price of the third largest cryptocurrency still makes some analysts remain optimistic, touting a number of indicators which suggest that bulls may soon return to their fields and Ripple XRP could once again post double digit gains. According to the popular crypto commentator CJ, XRP's chart setup suggests a strong breakout to the upside very soon. He depicted the fact that XRP has been building a falling wedge pattern over the past two weeks which could break to the upside. But as he also summed up, the demand zone around $0.24 needs to be swept off in order for XRP to gain more and again be in the focus of the cryptocurrency news. https://twitter.com/IrnCrypt/status/1231012056461082624 All of this is far from the only technical sign that may support bulls moving forward. Still, previous reports showed that the signal was seen two weeks before the altcoin began its infamous surge at the end of 2017, during which the asset gained more than 1,000% in under a month's time. This is why Ripple XRP could visit new highs again. The eerily accurate trader Financial Survivalism was quick to jump in the Ripple news too, suggesting that the asset could easily hit $0.70 this year. He backed this forecast by looking at the technical indicators including the Heiken Ashi candles which turned green this week, the implying reversal, as well as the key horizontal which was turned into support. Right now, Ripple (XRP) is trading at $0.2815 with 2.79% gains on the day. And while there are a couple of technical factors that need to play out, most are not sure if XRP is ready to see the strong breakout that CJ and his fellow analysts suggested that could take place.
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Ripple News

New XRP Fraud Reporting Procedure Officially Launched By Ripple

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The company has produced a page on its website where XRP users can report foul-play. This move shows the growing attempts by Ripple to establish itself as a key player in global finance. Ripple officially launched a new XRP fraud reporting procedure so let’s find more about it in the following ripple news below. The reporting website gives consumers the opportunity to inform the firm about certain fraudulent behavior involving the XRP token. This fraudulent behavior can include theft, scams or unauthorized gateways/exchanges. The site makes clear the situation that Ripple cannot reverse these transactions, because of the decentralized XRP ledger. Plus, XRP users are not Ripple customers. Therefore, an “unusual activity report” can be useful in aiding the identifying efforts and stopping the fraud, but it does not mean compensating victims. It is interesting to note that Ripple encourages users to report “potential sanctions violations, money laundering, unauthorized transactions and/or other financial crime.” Said differently, it calls on the Ripple community to self-police, and notify the firm about possible illegal activity. This fact emphasizes the knit relation between Ripple and XRP use, and the firm’s strong intent to fight any foul play with the asset. This move is the newest in a continuum by Ripple in its cause of developing itself as a key player in global finance. The firm has declared for a long time that it has great plans for expansion. The CEO of Ripple, Brad Garlinghouse recently compared the firm to Amazon and said that in going forward the company will explore other services alongside cross-border fiat transfers. To succeed in its goals Ripple must acquire cooperation from regulators, politicians, and law enforcement on a magnitude that is unprecedented in the blockchain sphere. Having this in perspective, opening up a tool for fraud reporting and displaying a firm willingness to battle crime, is a smart move. It is important, that Ripple did not draw the ire of the leaders, the leaders that must influence in a positive way. For example, we have Libra, the cryptocurrency of Facebook, that was met with huge wrath by the politicians around the globe, while Ripple managed to escape this besides its overall disruptiveness.
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Ripple News

XRP FAQ: The 7 Most Common Questions Asked About Ripple

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The market interest about Ripple's token has been increasing lately and the XRP FAQ is getting read by more and more users. In times when XRP is reaching a fever pitch, people have more questions about the company and the second biggest altcoin in front of it. In order to clear up any misconceptions about Ripple and XRP, we have published answers to seven of the most frequently asked questions that the Ripple team has received. So, let's begin with this crypto news informational article. 1.How do I buy XRP? First in our list of XRP FAQ is this common question. The answer is simple - XRP is available for purchase on more than 60 digital asset exchanges worldwide, most of which are listed on this page. However, you should know that every exchange has a different process for purchasing XRP. 2.What is the difference between XRP, XRP Ledger and Ripple? The Ripple news also show that this is a common XRP FAQ search. To answer it, XRP is the digital asset native to XRP Ledger. The XRP Ledger, on the other hand, is an open-source and distributed ledger while Ripple is a privately held company. 3.How many financial institutions adopted XRP so far? As of May 2018, eight major providers including  MoneyGramMercuryFX, IDTCuallixWestern Union, Cambridge Global PaymentsCurrencies Direct and Viamericas have all publicly announced their pilot use of XRP in payment flows through xRapid. 4.How secure is XRP and do you have to use exchanges? If you are looking up the XRP FAQ from their official website, you will see that the XRP Ledger is where XRP transactions occur and are recorded. The software operates with a variety of organizations and has an open-source code base that actively develops and maintains the ledger. To purchase XRP, you must use an exchange or gateway and/or have a digital wallet. Ripple does not endorse, recommend, or make any representations with respect to gateways, exchanges or wallets. 5.Which wallet should you use for XRP? The rule of thumb is to conduct your due dilligence before trusting money to any third party or third-party technology. However, a simple research online will show you that TREZOR and Ledger Nano X are the two best hardware wallets for XRP.  
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