Contrary to many beliefs that the gold rush similar to that of 2017 will return early this year, the wait turns out to be a bit longer. Bill Barhydt, CEO of Abra thinks these volatile times, will become steady positively.
“I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity. Once that happens, all hell will break loose,” He added: “Once the floodgates are opened, they’re opened.”
Just a day before yesterday, the CEO of IOHK and Cardano co-founder Charles Hoskinson carried the same sentiment in an announcement video regarding his platform. He stated that “this unsettling market volatility happened even before and we were there so everything is fine.”
Concurrently, the CEO of Pantera Capital, Dan Morehead believes that the current Bearish Market Is a Good Time To Invest In Cryptocurrencies. Considering the aforementioned advice, it’s likely a good moment to look out for the best choice in the market. The prices have nose-dived and it is rare that they will be this low ever again. So, take your pick and don’t miss the golden windows opportunity to step in.
Ripples’ XRP is counted among the primary cryptocurrencies to shape the future of digital commerce. The existing financial infrastructure is in need of a good rework and looking at the positive test results via many cooperation, financial entities and firms, Ripple’s XRP, xCurrent and xRapid could be the best option.
For a company like Amazon, a user-friendly platform is a must. Considering Ripple’s high coin supply and subsequent lower price-per-coin will come in handy for creating a user-friendly market. Until a cryptocurrency proves to be beneficial to the customer experience, it won’t find a place on Amazon’s market. A no go is price volatility and slow transaction times and ripple offers an alternative.
For instance, the coin has been implemented and it is targeting users. Would handling .0001 BTC pose a simple alternative for an online store user or 1 XRP? It might be the same pricing when a trader of someone that works in the finance looks at it. However, a consumer will be more at ease with transacting 5 XRP instead of 50,000 satoshis.
A leading online store like Amazon undoubtedly needs speed to smooth out online payment settlement. Ripple’s XRP is known for 3.3-second transaction speeds and $0.0004 charges per transactions.
The speculation of an Amazon partnership came around the Crypto-verse late last year. The reliability of XRP during transactions is such that the event would not come as a shocking. Ripple’s tech has been already tested and promoted by various firms, baking institutions or financial companies like MasterCard American Express, Santander.
One of the most active cryptocurrency exchange in the crypto-verse is the Binance. Many crypto-verse enthusiasts have played and supported the idea that XRP should be a base coin for Binance. Some of the reasons that some popular tweets outlines are as follows:
Weiss Ratings also poured in his support for the request to add XRP as a base currency on the exchange via a Tweet.
We think that the #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense for #Binance to use it as the base #currency – why should one have to go through an intermediary currency to trade? #crypto #btc #altcoins
— Weiss Crypto (@WeissCrypto) August 10, 2018
Arshmeet Hora
The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.” Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.
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