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Ripple (XRP) xCurrent Gives American Express Improved Speeds



Six months ago, no one knew that Ripple (XRP) and America Express partnership will be the best ever for the two firms. The two inked a deal in December during the crypto-market boom and their partnership has blossomed to a level where American Express transactions speeds have tremendously increased.

This was not the only deal that Ripple struck, it also partnered with MoneyGram, Santander and Western Union. Interestingly, the deal between Ripple and American express was not disclosed until the results started to trickle in. Many users and deal supporters thought the money processor was using the xVia only to realize later that the choice was xCurrent.

Why Ripple xCurrent?

Ripple has a compact product suite designed for the banking and financial sectors. These include xCurrent, xVia and xRapid; each solves a specific problem in the financial sector. The xCurrent is what American express is using for their transaction solutions and has helped them make it easy to make outgoing and incoming cross border transactions.

However, xCurrent is not just a money transfer application, it does more. You can perform end-to-end tracking as well as bidirectional massaging. The system has the capacity to make all payment standards across the Ripple network

What is Ripple xCurrent and American Express Addressing?

There are many issues affecting the financial sector but the partnership addresses challenges that small  and medium enterprises face when it come to making payments. You do not need to use the Point-of-Sale (PoS) system once you integrate xCurrent in your processes.

According to the Ripple customer success SVP, Marcus Treacher:

“The consumption of the Ripple technology is not a heavy lift for SMEs. This is because we are implementing within the existing payment network and banking world.”

Simply put, to get the benefits of xCurrent you do not have to overhaul the existing system, all you need is integrate it and you are good to go. The America express added the application on their existing system for instant cross border payments.

According to live demonstrations on Santander’s own mobile application, OnePayFX, user will be able to use AMEX cards and still get fast transaction speeds. There is no need to change the existing infrastructure.

According to American Express Colin O’Flaherty:

“We are still in the early stages, learning a lot. And blockchain offers a big opportunity to solve real customer needs.”

To American Express, The xCurrent is making payments faster and has added a lot of efficiency and the response from the consumer is quite positive. The Ripple product has changed how American Express and Santander have been connecting with their consumers before the December 2017 partnership.

Ripple (XRP) Market Recap

Ripple (XRP) performance can be termed as solid despite the current market slump. The coin has been making steady gains and shedding some but due to its low price and huge market supply, the fluctuations seem minimal. The coin has been on and off the green and is poised for a breakout above the 0.5 6 resistance in the coming weeks.

At the time of writing XRP was trading in the green after gaining 1.13% and 0.61% to the USD and BTC respectively. The 24 hour gain appears to be a short term spike that might be interrupted by similar drops going forward. However, as the market continues to recover, XRP is set to be a coin to stake on.

The recent listing on Binance exchange should also act as the long awaited catalyst for additional uptake and traction. Hopefully with the goods news coming from the strategic partners the coin’s popularity will see more financial institutions come onboard going forward.



Ripple Prediction: XRP Could Reportedly Rally Against Bitcoin (BTC)



According to the latest reports, Ripple’s digital asset XRP could be soon rallying against Bitcoin.

The token’s price has formed major support near 0.0000900BTC against BTC. XRP seems to be preparing for an upside break above 0.0000920BTC and 0.0000950BTC in the near term

XRP price analysis

During the past few days, there have been range moves below 0.0000920BTC in the price of XRP against BTC.

XRP to BTC has reportedly declined a few points below the 0.0000910BTC and 0.0000900BTC levels, but downsides were limited, says Etehreumworldnews.

They conclude by saying that XRP is definitely getting ready “preparing for the next crucial break either above 0.0000920BTC or below the 0.0000885BTC support. The current price action is positive, suggesting high chances of an upside break above 0.0000920BTC. If not, XRP to BTC could break the 0.0000885BTC support and trade towards the 0.0000850BTC or 0.0000840BTC level in the near term.”

What’s in the cards for Ripple and XRP?

XRP forecast regarding the price for 2019 looks positive especially considering that the coin’s price is somehow related to Ripple, the company’s developments.

Back in September 2018, XRP was able to surge by 300% triggering massive excitement in the Ripple and XRP community.

Since then, Ripple’s products became adopted by more banks and financial institutions, and today, for instance, RippleNet include about 200 members.

Just recently, Euro Exim Bank flaunted the massive benefits of using Ripple’s xCurrent and xRapid:

“Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution] building on its extensive technological capabilities and blockchain expertise in trading systems.”

Brad Garlinghouse said that more banks would be flipping the switch and starting to use XRP as well.

Source: oracletimes

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Are Bitcoin Tumblers Smart to Use or Do They Bring Unwanted Attention From Regulators



A bitcoin tumbler site that offers users untraceable cryptocurrency, BestMixer, could have tainted many wallets by giving them small amounts of BTC as gifts, a practice called crypto dusting.

According to a cryptocurrency security firm, Cypher Trace, if your wallet was among those that received the gift then you may be holding laundered coins. The company believes that, although BestMixer’s owners are compliant, they could have transacted with an alleged money launderer, without consent or knowledge.

According to the CEO of Cipher Trace, David Jevans, wallets that dealt with BestMixer could attract attention from relevant regulators. He also believes that anyone using a tumbler site could be suspected of questionable motives.

It All Started In October 2018

BestMixer began the promotional campaign in October 2018, whereby it set BTC to wallet addresses, adding a promotional message for their tumbler services. The amount sent was minuscule, and ranged between 666 and 888 satoshis.

BestMixer allows people to transact completely anonymously, enabling them to remain private when swiping funds with others. The funds are sourced from different pools, depending on the privacy level a person requires.

The tumbler site also perfects on a time delay in the intention of making it hard for blockchain analysts to trace transactions.

Cryptocurrency Payments No Longer Anonymous

Tracing cryptocurrency transactions used to be difficult, and lack of AML/KYC control made it difficult to link a person to their wallet addrc Be of this, criminals found an opportunity to use the mediuurm for their illicit activities; with platforms such as Silk Toad become more popular in the belief that bitcoin is untraceable.


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After a Tumultuous 2018 for Crypto and the Birth of Stablecoins, Here is what to Expect in 2019



2018 was the year of the bear run and the stablecoin. So what does 2019 hold for the crypto world? While it is impossible to tell what exactly will happen in 2019, one can make a good guess. Here are the five likely scenarios that will play out in 2019 for crypto:

Tether Will Lose Traction

For years, there have been issues raised about how legit Tether is. Despite this, it has remained a popular stablecoin in the crypto world.

However, rival stablecoins such as Coinbase, Circle, and Gemini could offer a challenge. This will erode the monopoly that it has enjoyed in the past. Even if Tether does not shutter as Basis did at the end of 2018, it will most likely not be as dominant.

Facebook Will Mint The WhatsApp Crypto

Facebook has been interested in creating a payments platform for years. The effort started in 2014 when it poached David Marcus of PayPal.

Marcus became the head of messaging products at the company. However, he was picked to head the company’s blockchain project in 2018, which is still shrouded in mystery. Recent reports indicate that he might launch a WhatsApp-based remittance service in India. After a rough period in 2018, the company could use a win in 2019.

The Regulators Will Go After Big Fish

The SEC will take on the major players in crypto in 2019. For instance, it might decide that XRP is unregistered security.

If that happens, Ripple could be hit with huge fines. It might also decide to shut down an exchange for not adhering to anti-money laundering laws. Besides that, celebrities who have used their star power to pump ICs might be in trouble.

The Bitcoin ETF Gets Approved

As the crypto world evolves, it could help the stage for a BTC traded fund also called an ETF. After the bubble burst, investors that are more reasonable are joining the crypto world.

Right now, a firm called Bakkt, created by those behind the NYSE wants to launch a BTC futures market. This could help to improve liquidity in the crypto world. Thus far, it is known that an SEC commission is seeking to have the BTC ETF approved. Before that, a VanEck might or might not be approved next month. It is worth noting how that works out.

The Bear Run Persists

The crypto world has been in a bear run since they reached a high in 2017. Right now, various factors such as volatility in the equity market, a possible economic recession, and global geopolitics might reduce appetite for crypto assets for now.

However, there is a bit of disagreement on this. Some experts believe that prices might bounce back soon. Others believe that crypto prices have not hit their low yet.


There is a lot of agreement and disagreement over whether these predictions will happen. However, there is quite good evidence to support them if you look at the crypto world right now. It is also worth noting that this is a young industry and anything is possible.

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