ripple xrp

Ripple (XRP) and Litecoin (LTC) Down – Upside Ahead?

Ripple and Litecoin is not much going on in the cryptocurrency world. Currently, the entire market is sitting just over $430 billion with $22 billion in trading volume within the last 24 hours. The only news currently circulating that remains unsurprising to most is that Bill Gates and Warren Buffett are still slamming cryptocurrency. Let’s be real here, their wealth can’t be denied, but the two are clearly stuck in their traditional ways. Mr. Buffett was CLEARLY wrong about his initial assumptions of Amazon and Google and has even said so himself. The “FUD” has simmered off after the twentieth comment the pair has made and it seems their opinions have now zero effect on investor confidence.

Let’s take a closer look at a pair of coins just under the green this morning and their latest updates.

The Ripple coin is also known as XRP. There are no new developments regarding the class-action lawsuit filed against Ripple (XRP) Labs. Since these things take a considerable amount of time, I don’t expect to hear much anytime soon; especially since the SEC ultimately decides the lawsuit’s outcome.

The team behind Ripple seem unphased by the lawsuit as this week they are holding YPO Innovation Week at their headquarters.

Ripple’s CEO, Brad Garling house, spoke at the event and said:

“At its core Ripple is a technology company leveraging digital assets to solve a global payments problem. We believe payments are foundational to any use case so we’re starting there.”

The Litecoin is also know as (LTC). Litecoin Foundation is embarked on a new campaign to expand their reach and influence. #PayWithLitecoin and #LiteCoinAcceptedHere are flooding Twitter lately. The goal behind the latest campaign is to inspire businesses to accept Litecoin into their day-to-day operations.

Litecoin enthusiast Jon Moore even put together a mock-up for local businesses in his area to integrate Litecoin payment.

Western Union/bitcoinnewsboards

Western Union confirms Ripple testing!

Western Union has been running trails on using Ripple blockchain technology in its payment mechanism, to become the go-to service for global money transfers.

The list of banks and financial institutions that are using and testing Ripple’s products is growing by the week. Reports state that global payments giant Western Union can be added to that list this week.

CFO Raj Agrawal told media that efforts were in a ‘testing phase’ and there was nothing so far in the process that would be a ‘big unlock.’

A Ripple spokesperson tells Yahoo Finance, “We’ve been testing different products with Western Union for a while, we’re excited about our work towards a pilot implementation of xRapid, which uses XRP in payment flows.”

Western Union CTO Sheri Rhodes’ comment states the following:  “We continue to explore possible blockchain applications for our business, and we are piloting some settlement tests with Ripple for certain corridors. For blockchain in general, we’re looking at areas such as transaction processing and settlement, working capital optimization, regulatory technology, and digital identity. We have a strong platform and system that work well today, but we continue to explore and test whether these technologies could potentially reduce costs and improve the customer experience.”

It is indeed a huge boost for the blockchain company that has seen the price of its cryptocurrency plummet in recent months. On Tuesday (13th February 2018), CEO Hikmet Ersek told analysts that Western Union is experimenting with Ripple and XRP for settling transactions and for capital optimization. The move comes a month after Ripple’s dealings with rival company Moneygram, which was also testing XRP transfers.

Read more about it here:

Money-transfer businesses such as Englewood, Colorado-based Western Union typically use pre-funded accounts to fulfill customers’ transfers, which can tie up capital. Ripple’s blockchain technology and digital currency XRP could move money faster, which has helped propel a more than 33,000 percent surge in the digital token last year even though the coin isn’t essential for handling payments.

If implemented this could reinvent how banks and money transfer services make payments. Importantly, it is good news for Ripple, which is trying to become the go-to service for global money transfers.

Let’s see what the results will state.


Top 25 Cryptocurrencies in the World

In this modern era, the virtual world is growing at a explicable rate. The markets are expanding and the world moving forward. We are now all well aware of the crypto-world, so we might as well as polish our fingertips on the various types of cryptocurrencies. (The following numerical data is based on today’s research and value. The values are to be differed daily)

  1. Bitcoin – This is the most common and widely used cryptocurrency. It is represented by BTC. It was the very first decentralized digital currency in the world. It has a market capital value of $196,934,790,812 with the supply of 16,810,625 BTC worldwide
  2. Ethereum – This is also a very common cryptocurrency. It is represented by ETH or Ether. Being released on 30thJuly, 2015, it has made a market capital of $103,836,901, 674. There are 97,060,161 ETH
  3. Ripple –  it’s represented by XRP. Ripple has a market capital value of $63,056,864,928 with 38,739,142,811 XRP out there.
  4. Bitcoin Cash – This has the symbol of BCH and a market capital of $31,142,090,029. There are currently 16,918,613 BCH worldwide
  5. Cardano – Cardano is on the top 5 of the most happening and used cryptocurrencies worldwide. Being represented by ADA, there are 25,927,070,538 ADA, making a market value of $17,666,861,427.
  6. Litecoin – in a humorous way, we can say Litecoin is Bitcoin’s little sister. It is represented by LTC and has a market value of $10,885,893,011.
  7. NEM – The current market capital raised by NEM is $9,921,599,999
  8. Stellar – stellar is represented by XLM and has 17,890,880,148 XLM worldwide which results in a market capital formation of $9,728,148,190
  9. NEO – there are 65,000,000 NEO tokens out with $9,722,505,000
  10. IOTA – closely resembling a chemical icon, there are 2,779,530,283 MIOTA forming $8,191,525,902
  11. DASH –  There are 7,825,585 DASH tokens, this forms upto $6,788,297,153
  12. EOS – EOS has made $6,488,847,829 with 611,480,520 tokens into the public
  13. TRON – TRON is represented by the symbol TRX. Currently it has built up a market value of $5,898,099,402
  14. Monero – sounds a lot like money, this crptocurrency has the symbol of XMR. There are 15,617,411 XMR building up to $5,252,317,254
  15. Bitcoin Gold – being from the bitcoin family, it has a symbol of BTG – with 16,771,536 BTG out there resulting in the market capital of $3,385,351,331.

Now, these are the top 15 Cryptocurrencies out there. Be full of knowledge while investing and using them.