After All This, Ripple (XRP) Can Go Only One Way Up | Crypto Gazette

XRP
XRP

Source: After All This, Ripple (XRP) Can Go Only One Way Up | Crypto Gazette

 

It’s been a slightly eventful week for some of the major cryptocurrencies, with the prices gaining minimally to settle nerves around the crypto sphere. Investors are taking note of the green as the fears, uncertainty, and doubts concerning the cryptocurrency mini-crash dissipate. Of the top five coins, none showed resilience in the last two months as Ripple (XRP).

Headlines this week have all been about how Ripple coin is going to be the defining cryptocurrency in 2018. Some are calling it the “dark horse” of 2018. If you are an XRP holder then you have heard of mega-deals between Ripple (XRP) and companies in China, Japan, and UAE.

But the biggest news this week came from Saudi Arabia. XRP is set to surge as Ripple secured a deal worth $4 billion with Saudi Arabia. I’ll give you more on this and the other deals shortly.

Let me put Ripple deals into perspective and show you why these mega deals are happening. The goal is to show you why they are likely just the beginning of a bigger impact of Ripplenet around the world.

Interest in Ripple (XRP) a result of its use cases

A coin is as good as its use cases. And that’s where XRP and many of its features come in. simply put; the creators of Ripple have given the world a platform that brings solutions to real-world issues. It seeks to decentralize international payments systems with its four fundamental characteristics- liquidity, fastest international transactions (just 3 seconds and you are done), the scalable blockchain, and more importantly, stability.

What do all these mean for Ripple?

One thing comes to mind– Ripple’s value is not all about its price on the market. No, that would be too minimalistic. Ripple is a brand now, commanding interest from all over the world. Like I mentioned above, doing business within major financial markets around the world is an indelible marker that COIN is now being appreciated for what it really is.

Ripple seeks to partner with financial institutions to promote the concept of the Internet of value. The intention is to make cross-border payments swifter and fast; cheaper for all, and importantly, be a reliable mode of transferring money from fiat to cryptocurrency and vice versa. At the center of this support is the Interledger protocol that will connect financial institutions and blockchains to make value transfer easy and instant.

$4 billion Ripple deal with Saudi Central bank a first for any blockchain

 

The deal that sees Ripple become the first cryptocurrency to sign a deal with a Central Bank is worth $4 billion. The deal was signed between Ripple and Saudi Arabia Monetary Authority (SAMA). It gives the coin the go-ahead to develop blockchain-based software to be used by Saudi banks in settling payments.

The agreement puts Ripple’s xCurrent software at the disposal of the country’s banks. They will use the software to facilitate instant cross-border payments. Though it is just at the pilot stage, this deal gives it a massive growth opportunity. Already XRP experienced a surge in the announcement of that agreement. XRP gained value from $1.03 to close at $ 1.14, a positive percentage increase on Ripple’s market cap that now stands at over $44 billion. That’s $4 billion more, a 10% rise on the day.

Investors are taking notice, but this is hardly the first Ripple deal. And if all goes well, not the last one either.

RippleNet nets China’s LianLian International-

Ripple had earlier in February signed another deal with LianLian International– a major Chinese e-commerce company. The deal will see the company use Ripple’s xCurrent to facilitate cheaper online payments between its 150 million users and major online shops like Amazon, eBay, and Ali Express.  This deal will see the Hong Kong-based company link users in the U.S, Europe, and China with the payment system. What could this deal bring to XRP’s dinner table? More exposure to the world, I’d say. That’s real growth potential for XRP and RippleNet.

XRP gets the nod for listing onto Japan’s SBI virtual Currencies

 

XRP is set to be the first and only Listing on SBI Virtual Currencies when the biggest financial services company in Japan launches. The company will partner Ripple on its xRapid ecosystem to enable financial institutions to access liquidity that’s crucial in cross-border payments. The system will allow SBI to link institutions in Japan to others around the world. According to Ripple’s Patrick Griffin, a senior figure in the Business Development department, partnering SBI Virtual Currencies will play a major role in helping XRP achieve its objective of having money transfers be faster and cheaper.

Ripple (XRP) is silently making its platform visible and with mainstream financial players like MoneyGram and Western Union on board, there is only one way I see the value of XRP going: up. We cannot rule out price fluctuations in the crypto industry, but I am betting on one thing about Ripple (XRP) it will prove doubters wrong if it hasn’t done so already.

Deadpool Explains Monero

Deadpool Explains Monero | Altcoin of the Week

Deadpool Explains Monero | Altcoin of the Week

Monero, the Deadpool of Cryptocurrencies. It is private, efficient and way cooler than a cryptocurrency ought to be. Privacy coins are on the rise and Monero is king of the lot.

Atari Announces Its Own Cryptocurrency Called ‘Atari Token’ | Blockchain

Video game company Atari has announced plans to launch their own cryptocurrency called “Atari Token.” MAKE SURE TO FOLLOW US ON TWITTER: @BLCKCHAINDAILY “Our aim is to take strategic position…

Source: Atari Announces Its Own Cryptocurrency Called ‘Atari Token’ | Blockchain Daily

 

Video game company Atari has announced plans to launch their own cryptocurrency called “Atari Token.”

MAKE SURE TO FOLLOW US ON TWITTER: @BLCKCHAINDAILY

Frederic Chesnais
Frederic Chesnais

“OUR AIM IS TO TAKE STRATEGIC POSITIONS WITH A LIMITED CASH RISK, IN ORDER TO BEST CREATE VALUE WITH THE ASSETS AND THE ATARI BRAND,” SAID FREDERIC CHESNAIS, ATARI CHAIRMAN AND CEO.

The company recently obtained a 15 percent stake in Infinity Networks, Ltd.

The partnership will help develop the underpinning blockchain behind Atari Token.

Atari plans to develop a second token, which will be utilized in concurrence with their plans to create an online casino.

“TO BROADEN THE APPEAL OF THESE NEW CASINOS, AND ONCE THE ATARI TOKEN AVAILABLE, ATARI HAS THE PROJECT TO LAUNCH PONG TOKEN, A SECOND TOKEN DEDICATED TO CRYPTO-CASINOS AND USABLE ON THESE GAMING SITES. THE DETAILS OF THIS LAUNCH OF CRYPTO-CASINOS WILL BE ANNOUNCED SOON,” ATARI SAID IN A STATEMENT.

Atari stock, which is listed on NASDAQ, saw a significant increase in price, from just €0.45 to €0.82, at press time.

LoopX Disappears After Raising $4.5 Million in its Initial Coin Offering | BTCMANAGER

Source: LoopX Disappears After Raising $4.5 Million in its Initial Coin Offering | BTCMANAGER

ICO exit scams have become quite common these days. While authorities are doing the best they can to shut down some of these pump and dump schemes before they run away by themselves, some of these scam projects still succeed in disappearing with their investors’ funds. The latest ICO scam is LoopX ICO, which made a total of $4.5 million.

LoopX on the Run

Cryptocurrency startup, LoopX, has suddenly closed shop and vanished into space after raising millions of dollars from investors.

The LoopX project promised its investors huge returns with its one of a kind trading algorithm. At present, all its social media accounts have been wiped out except for its bitcointalk account which was last active in December 2017.

In a cached version of its website, the criminals stated that investors donated a total of 276 bitcoin and 2,446 ethereum altcoin. The LoopX ICO had five rounds, and each of those series met its fundraising targets.

False Hope

A thread posted on its bitcointalk account reads:

“After developing over months and testing successfully with great profits, we can release now with great profits, we can release now with great algorithm. This software will give us all the opportunity to make more money online than we could ever do in real life.”

The LoopX team never ceased giving its participants a false hope. They kept all communication lines active until they vanished, “Our software handles over 10,000 trades per second and calculates over 100 currencies at a time. Always looking for those opportunities to make profits bigger than 10 percent, which will be paid out to our members on a weekly basis.”

In its roadmap, LoopX had stated that its lending platform would go live in February 2018 and this statement made investors confident in the platform unknowing to them that the owners were planning their exit.

While initial coin offerings remain a viable fundraising method by startups and also an avenue for investors to make good money in a relatively short time, there have been numerous cases of scam ICOs in recent times.

Projects like BitConnectDavorCoinREcoin, and Bitstrade have all been shut down by regulatory authorities for illegal activities, while others like Confido, Prodeum, LoopX and many others have pulled exit scams.

The blockchain and cryptocurrency ecosystem is here to stay and will continue to surge in value. Therefore until ICOs get fully regulated all over the world, scam ICO projects will still be around.

The Best Bet

Never feel lazy to conduct your research before pumping your money into any ICO project, try as much as possible to check out the backgrounds of its founders. Often, the more credible and famous its founders are, the less likely it is that the ICO is a scam project.

Above all always remember not to invest your life savings in cryptocurrencies because just as cryptos can make you rich overnight, so also they could make you wretched overnight.

 

The #GreenEnergy #ICO with a #MOBILE #MINING app:
Credits during the ICO. VISIT https://goo.gl/BF7uFJ to participate in the pre-ICO at 0.5 cent per Credit! Invest via $ETH, $BTC or #Paypal
#btc #bitcoin #preico #eth #ethereum #invest #green #crypto

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Ripple CEO Brad Garlinghouse: ‘We are solving a problem measured in trillions of dollars’

Video in 720P Yahoo Feb 14 2018 Ripple CEO Brad Garlinghouse: ‘We are solving a problem measured in trillions of dollars’

Video in 720P Yahoo Feb 14 2018

Ripple CEO Brad Garlinghouse: ‘We are solving a problem measured in trillions of dollars’

#xrpthestandard #xrp #xrparmy #ripple

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ChainRadar is to unite all the CryptoNote coins under one “roof”.




Chainradar.com was created in September 2014. ChainRadar provides blockchain explorer services for the most promising CryptoNote coins. The idea of ChainRadar is to unite all the CryptoNote coins under one “roof”. We want to have every coin on our radar!

ChainRadar was started as one-man project by a cryptocurrency developer named imready2rock. Several people had joined along the way and formed a small team:

  • Jason “Sonic” Robison – who is responsible for all the great charts and API.
  • Richard “E.” Hodgdon – responsible for all the pool data aggregation and user-friendly interface.

All of us work on ChainRadar on part time basis combining it with full-time jobs. We are putting a lot of effort into keeping ChainRadar technically advanced, user-friendly and the most effective CryptoNote blockchain explorer on the web!

During the year 2014 we’ve updated ChainRadar several times. What started as a simple block explorer has evolved into one of the best resources about CryptoNote coins. Main features:

  • We provide comprehensive analytics using charts. Charts allow you to dig deeper into the difficulty, block reward and hashrate history.
  • We’ve formed a list of pools for every supported CryptoNote coin. This list will provide you with all the information you need to know about the pools: fee, minimal payment, miners, hashrate, uptime, last server down, etc.
  • We’ve developed an API that can be accessed at any time. ChainRadar API makes it easy to build applications for CryptoNote coins and Bitcoin.

And we won’t stop with that, we have more awesome things coming up. With this thought in mind we are always open to any kind of suggestions or ideas. Please, feel free to contact us. Also, if you want your coin to be added – you should contact us without hesitation. Also, we could use some help. Contact us through contact form to learn more!




Russia Officially Legalizes Bitcoin!





San Diego, California, Nov 16th 2015: The bit coin was invented by Satoshi Nakamoto in 2008 as a digital form of money but no one truly knows who Satoshi Nakamoto is. Transactions are done through peer to peer networks without the need of a bank making it the first decentralized digital currency. This is a close up photo of several gold plated bitcoins together symbolizing the bit coin market, modern technology, finance, internet, trading, etc.

Congratulations Russia!

Finally, after a long argument, the decision is final— BITCOIN IS LEGAL IN RUSSIA.

This made a lot of Bitcoin investors happy and finally the government has recognized the massive future for Bitcoin. Just a simple question, does this gives government a go signal to intervene Bitcoin? I hope not.

Well, let’s not be a party popper here. Let’s celebrate this remarkable moment of Bitcoin in Russia. Check out the interview below.

A couple of weeks ago, Russian authorities announced that Bitcoin use was legitimate in the eyes of the law. With a population of 146 mln people, Russia is an important market for Bitcoinand other digital currencies.

Cointelegraph spoke to Jake Smith of Bitcoin.com to find out if the new development calls for a celebration.

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Giving Bitcoin the green light

Cointelegraph: Russian authorities just endorsed the use of Bitcoin as legal. What is your reaction?

Jake Smith: Over the years we’ve heard countless rumors about some country or another first banning Bitcoin, then clarifying that they are only regulating it, then reverting to say that they are legalizing it, ad infinitum. Because of this, I find it hard to get too excited or too worried whenever I hear of any country taking a policy stance on Bitcoin. However, if Russia has truly decided to give Bitcoin the official green light, then I think this is fantastic news.

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CT: When the authorities say Bitcoin use and transactions could be considered as money laundering and terrorism financing, what does it imply?

JS: I think it implies that the authorities do not understand Bitcoin or they have an underlying agenda they are pushing. They do not understand Bitcoin because calling it a money laundering or terrorist financing tool ignores that fiat currency (probably the very currency the particular authorities are responsible for!) is still the number one tool for both money laundering and for financing terrorism and black markets.

Bitcoin can only be used for those things because it meets all the conditions of being a good form of money. What the regulators really mean when they bring up these concerns is that Bitcoin is not a form of money they can control and manipulate. They may have an agenda because they do not want the citizens of their country using a currency that they do not have control over.

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Impact on Bitcoin’s global adoption

CT: Is this in anyway an indication of global government acceptance of сryptocurrency?

JS: Yes, every time a country (especially a big country like Russia) clarifies their legal stance on Bitcoin and gives it the green light, I think this is a vote of confidence for Bitcoin’s global acceptance and adoption.

CT: Does the statement legalizing Bitcoin and other cryptos not confusing for you?

JS: I suppose it is somewhat confusing. Mostly I find it ironic because Bitcoin and other cryptos will continue to function regardless of what regulators have to say about it. I think it provides a valuable insight into the minds of regulators, that they believe they can control things that they really have no influence over.

CT: Is Russia that important of a market for this to call for a celebration?

JS: Every country that gives Bitcoin the green light is a cause for celebration, but Russia’s population is 143 mln, nearly half the size of the United States. As a country with stricter capital controls, Bitcoin will prove especially useful to Russian residents. So yes, I think it is worthy of celebration.

via Cointelegraph.com

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Western Union Testing Transactions With Ripple





XRP
XRP

Western Union Testing Transactions With Ripple After more than a month of speculation, the money transfer company’s chief financial officer said it’s evaluating blockchain technology and is testing transactions with Ripple

 




Listen: Western Union Company Webcast Q4 Earning Conference Call. – Testing Ripple

Listen Western Union Webcast Q4 Earning Conference Call. Testing Ripple

Testing Ripple Feb 13 2018 @  26:45  Mins in…





MP3 Download Link HERE:



‘Listen Western Union Company Webcast Q4 Earning Conference Call. – Testing Ripple’ on #SoundCloud soundcloud.com

Western Union Powers Certify Mass Payments. Last month, an unnamed source told Ripple News that Western Union Company is exploring the adoption of Ripple’s XRP blockchain technology

Western Union Powers Certify Mass Payments. Last month, an unnamed source told Ripple News that Western Union is exploring the adoption of Ripple’s XRP blockchain technology

 

Corporate T&E company Certify is integrating payment capabilities provided by Western Union to enhance its global reimbursement and supplier payment offering.

The companies announced in a press release sent to PYMNTS on Thursday (Feb. 8) that they formed a partnership that allows businesses using Certify to facilitate employee reimbursements and supplier payments across borders, with transactions powered by Western Union. The new solution, Certify Payments, uses Western Union’s Mass Payments API, which can handle cross-border, direct-to-bank payments in 45 currencies.

Certify and Western Union noted that the new offering ensures adherence to guidelines of each jurisdiction’s clearing system.

“Working with a respected leader like Western Union is the next leap forward for Certify as a worldwide provider of premier automated business expense and payment management solutions,” said Certify CEO Robert Neveu in a statement. “As our customer base and company operations expand globally, Certify is especially proud to be working with Western Union to deliver the confidence and peace of mind that these complex and important transactions will always be handled accurately and efficiently.”

“We are delighted to unveil the relationship with Certify to help boost Certify’s firepower,” added Western Union Global Head of Payments, GTM, Jacqueline Keogh in another statement. “Working with businesses of all sizes is an important strategy for Western Union to help serve the customer more effectively. This collaboration will help strengthen both Western Union and Certify’s position in the cross-border, cross-currency money movement industry.”

Last month, an unnamed source told Ripple News that Western Union is exploring the adoption of Ripple’s XRP blockchain technology this year, potentially another move to enhance its cross-border payments capabilities.

#BitConnect Plaintiff Claims its Founders are Associated With a Large #Ponzi Scheme OneCoin

Lawsuits filed in the US last week against BitConnect promoters and executives were released to the public. The identities behind the alleged ponzi scheme including director Glenn Arcaro were unravele

Source: BitConnect Plaintiff Claims its Founders are Associated With a Large Ponzi Scheme OneCoin – The Merkle

Lawsuits filed in the US last week against BitConnect promoters and executives were released to the public. The identities behind the alleged ponzi scheme including director Glenn Arcaro were unraveled, and several plaintiffs have claimed that the founders of OneCoin, another large-scale ponzi scheme, were involved in BitConnect.

Several lawsuits filed earlier this month suggested that Glen Arcaro practically ran the ponzi scheme as the director of US promotions, overseeing several promoters including Craig Grant and Travon James. The lawsuits accused BitConnect of running a ponzi scheme by using cryptocurrency as a cover. It promised investors a fixed income for their investment, which was never shared with the investors.

The entire organization was structured to benefit early investors by scamming users that joined the organization in the later stage. As the BitConnect ponzi scheme imploded, the value of the BitConnect coin (BCC) plunged to nearly zero, and people’s life savings and investments were lost overnight.

“BitConnect uses cryptocurrency as a cover for running its Ponzi scheme. For example: a. It provides daily interest on an investment that has no income other than new investor money; b. It artificially increases the value of its cryptocurrency by having new investors in the Ponzi scheme purchase BCC before investing; c. It hides the identity of the owners of this scam by using an offshore company created through a company called Companies Made Simple,” the lawsuit read.

David Mehmet, one of the plaintiffs against BitConnect, claimed that three executives and founders of Onecoin, a ponzi scheme that was cracked down by the Indian, Italian, German, and Bulgarian authorities earlier this year, have been associated with BitConnect. Mehmet claimed that Nigel Allen, the founder of OneCoin, XECoin, Crypto888, and Octacoin, along with two OneCoin founders Ruja Ignatova and Sebastian Greenwood have overseen the Bitconnect ponzi scheme, as top executives.

In January of this year, the Prosecutor’s Office of Bulgaria revealed that the government has raided the offices of OneCoin and seized its servers. Although OneCoin’s headquarters are based in Dubai, the Bulgarian government noted that the organization functions through “hundreds of affiliated companies on 4 continents […] [which] are being investigated in England, Ireland, Italy, the United States, Canada, Ukraine, Lithuania, Latvia, Estonia and many other countries.”

At the time, prior to her arrest, Ignatova claimed that OneCoin is not a ponzi scheme and that it is an education platform for cryptocurrency investors. Mehmet suggested that as Ignatova did with OneCoin, BitConnect has started to claim that it has operated as an educational platform for cryptocurrency investors, not a lending site.

OneCoin still remains functional in many countries apart from the selected few that have cracked down on the ponzi scheme. BitConnect could continue to operate if authorities fail to unravel all of the identities behind the ponzi scheme.

At one point, BitConnect was valued at over a billion dollars. As such, investors have lost over a billion dollars in this ponzi scheme, which was quite obvious from the beginning given its fixed return rate. The failure to punish its operators could lead to BitConnect-like ponzi schemes reappearing in the market once again.

Taking a look at the soon to be released DigiByte Coin iOS Wallet and experiencing just how fast $DGB Transactions are!

DigiByte (DGB) is a rapidly growing worldwide decentralized payment and security blockchain used in 82 countries. DigiByte allows you to move money over the internet similar to PayPal & Western Union but with many improvements, including lightning fast transactions with minimal or no fees.
DigiByte (DGB) is a rapidly growing worldwide decentralized payment and security blockchain used in 82 countries. DigiByte allows you to move money over the internet similar to PayPal & Western Union but with many improvements, including lightning fast transactions with minimal or no fees.

Taking a look at the soon to be released DigiByte Coin iOS Wallet and experiencing just how fast $DGB Transactions are! #digibytecoin #digibyte #cryptocurrency #bitcoin #UTXO #blockchain #iphone

Taking a look at the soon to be released DigiByte IOS Wallet! Using the Beta APP and testing out all its features. You can see in the video just how fast DGB Transfers are and how fast you get confirmations ready to spend. The IOS App is easy to use and works flawlessly. Increasing the ease of use and Digibyte Coin barrier to entry is only going to help Digibyte grow in 2018. Also its been great seeing this Digibyte App in development and giving feedback in the Developer Telegram. The Digibyte Community is constantly growing and Its been really cool to experience this process of the IOS APP development. Find out more about Digibyte at https://www.digibyte.co/

 

U.S. & UK Govt Sites Injected With Miners After Popular Script Was Hacked

Thousands of sites were injected with a in-browser Monero miner today after a popular accessibility script was compromised. With 4, 275 sites affected, this included government websites such as uscourts.gov, ico.org.uk, & manchester.gov.uk.

Source: U.S. & UK Govt Sites Injected With Miners After Popular Script Was Hacked

 

Thousands of sites were injected with a in-browser Monero miner today after a popular accessibility script was compromised. With 4,275 sites affected, this included government websites such as uscourts.gov, ico.org.uk, & manchester.gov.uk.

This was first noticed earlier this morning by infosec consultant Scott Helme when he saw that UK government site ico.org.uk was utilizing the the Coinhive in-browser mining (cryptojacking) script. This caused any visitors to the site to use their CPU to mine for the digital currency called Monero.

When Helme investigated further he saw that it wasn’t just this site that started injecting a Coinhive miner, but many other government sites from numerous countries such as uscourts.gov, gmc-uk.gov, nhsinform.scot, manchester.gov.uk, and many more.

The one thing all of these sites had in common was that they utilized a popular text-to-speech accessibility script called BrowseAloud by TextHelp.com. When Helme examined the BrowseAloud script, he saw that this script contained obfuscated code that was injecting the Coinhive miner into all of these websites.

Obfuscated BrowseAloud Script
Obfuscated BrowseAloud Script

When decoded, this script injects the Coinhive cryptojacking script, runs it at 40% CPU utilization, and mines for the 1GdQGpY1pivrGlVHSp5P2IIr9cyTzzXq Coinhive account.

Knowing that it was a compromised BrowseAloud script that was injecting the miner, Helme was able to quickly track the script to 4,275 sites that were affected in the incident.

After alerting TextHelp.com about their compromised script, the CTO of TextHelp stated that the script was taken down and would not be enabled again until after an investigation took place.

Disabled BrowseAloud Script
Disabled BrowseAloud Script

BleepingComputer reached out to TextHelp for more information but had not heard back from them at the time of publishing this article. According to a recently published post by TextHelp, the company has stated that an attacker compromised the BrowseAloud script, but no other TextHelp services were affected.

At 11:14 am GMT on Sunday 11th February 2018, a JavaScript file which is part of the Texthelp Browsealoud product was compromised during a cyber attack.  The attacker added malicious code to the file to use the browser CPU in an attempt to illegally generate cryptocurrency.  This was a criminal act and a thorough investigation is currently underway.

Cryptomining Javascript Supply Chain Attack Hits Government Sites

In the past 24 hours, government websites in the UK and Australia have been hit by cryptomining malware along with thousands of other sites. An attacker compromised a service called Browsealoud and injected code into their javascript that causes site visitor browsers to mine Monero currency using CoinHive code.
We cover the story in detail on our blog, discuss how this incident is part of a larger trend in supply chain attacks and highlight important differences between a Javascript supply chain attack and an application supply chain attack.
Finally, we explain how to protect yourself against JS libraries, vendor servers and CDNs getting compromised.
Regards,
Mark Maunder
Defiant Inc CEO

Coinbase Launches a PayPal Like Plugging For Ethereum, Bitcoin, Bitcoin Cash and Litecoin

Source: Coinbase Launches a PayPal Like Plugging For Ethereum, Bitcoin, Bitcoin Cash and Litecoin

Coinbase, the biggest crypto broker and one of the biggest exchange, has launched a new service for merchants, allowing them to seamlessly integrate crypto payments by adding a Coinbase Commerce button, not much different than the PayPal button.

Unlike previously where their merchants service was directly integrated with Coinbase, requiring a Coinbase account, all you need now to make the payment is just crypto.

Coinbase has said little officially regarding the new service, with a bare websitestating they are not open for new sign-ups, but some merchants are already using it, giving us the opportunity to test Coinbase Commerce.

Once you’ve selected whatever product and have gone through the checkout process, customers could face a screen like this:

As can be seen above, the crypto option seamlessly integrates, making it look no different than the other two established options.

We naturally clicked on Coinbase which, like PayPal, takes you out of the merchant’s environment to be met with a screen shown below:

The four options shown above are the four cryptos Coinbase has listed on their broker service and on their exchange.

Ethereum is shown first under a, we must say, nicer logo than the rest, betraying perhaps a slight bias on the part of Coinbase which, is no secret, has dedicated some considerable resources towards supporting the ethereum ecosystem.

Clicking on any of the four listed options instantly sends you to the final screen, a screen that might look somewhat familiar to cryptonians:

We pursued no further, but we presume once the payment is sent the website would redirect back to the merchant’s natural environment, just as it does with PayPal.

Nor did we have the MetaMask plugging installed. So it is unclear whether we would have just received a request for confirmation with the payment automatically made if MetaMask was in operation.

If that’s not the case, then it probably will be in due time because it significantly increases customers convenience as instead of copy pasting around you’d just click the MetaMask confirmation button and be done within a second.

Even without it, however, the experience is no worse than with PayPal or credit cards, although it is unclear how that 15 minutes payments time frame would work with bitcoin when it experiences sever backlogs.

With Bitcoin Cash, such problem might be unlikely because they could use first seen zero confirmed transactions as Coinbase used for bitcoin prior to 2014.

But it is really with eth, integrated with MetaMask, where the checkout experience could shine and be far more convenient than with either PayPal or a credit card.

That’s because in such integration, you would need not search for your wallet then enter all those numbers, nor would you need to copy paste crypto addresses, with the payment instead virtually instantly made as long as you have a sufficient balance on MetaMask.

That means BitPay might have quite some competition on their hands. They have been dragging for months now on Bitcoin Cash integration, without any indication of eth addition, while Coinbase is offering all of them, plus Litecoin on top.

BitPay is, however, bigger where merchants are concerned, with the last known number being some 100,000, while Coinbase has around 50,000, but Coinbase’s pioneering in the eth space, where many innovative projects are beginning to make a practical difference, might give them a significant edge.

CryptoGlobal Watch our proud team (loudly!) celebrate our listing on the TSX.V (CPTO). #blockchain #crypto #Canada 

Rob Segal, Chief Executive Officer, alongside James Millership, President, CryptoGlobal Corp. (CPTO), joined Tim Babcock, Director, Listed Issuer Services, TSX Venture Exchange, to open the market. CryptoGlobal is a blockchain and financial technology company, which mines a diverse portfolio of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Dash. CryptoGlobal Corp. commenced trading on TSX Venture Exchange on January 29, 2018.

U.S. Federal Reserve might accept Ripple – Viral Docks

Last year in January 16 proposals were submitted to the Faster Payments Task Force from several payment providers. Ripple, taking advantage of the opportunity,

Source: U.S. Federal Reserve might accept Ripple – Viral Docks

Last year in January 16 proposals were submitted to the Faster Payments Task Force from several payment providers. Ripple, taking advantage of the opportunity, immediately offered its instant, low cost and secure payment solution.

The Federal Reserve of the United States of America led the task force….

 

Why would the Federal Reserve accept Ripple’s proposal?

Ripple’s payment network possesses a wide range of qualities that help it outstand among other payment providers.

First of all the transactions made via Ripple are secured on a blockchain that acts as a distributed ledger. This quality of Ripple is widely appreciated by financial institutes and even the U.S government.  Using Ripple the Federal Reserve can successfully achieve its goal of establishing a secure and transparent payment system that is free of frauds and hacks.

Secondly, the transactions made via Ripple (XRP) cost way less as compared to traditional payment providers. A number of global banks and financial firms have partnered with Ripple and are providing their customers with a much cheaper payment solution. Now this fits into the Federal Reserve’s goal of a cheap money transfer service that is also embraced by a number of stakeholders.

Thirdly, transactions via Ripple Network are settled within 3.3 seconds, faster than Bitcoin that takes an hour, Ethereum that takes 2 minutes hence, faster than every other payment option. Now such transaction speed can help the U.S government easily distribute funds among states, send financial aids to disaster-struck areas or even pay its officials living in military bases outside the United States.

Ripple, in all its aspects, is the perfect solution for the Federal Reserve. And if the Federal Reserve ends up accepting Ripple, it will surely be a whole new beginning for Ripple as well as other cryptocurrencies.

More @ Source: U.S. Federal Reserve might accept Ripple – Viral Docks