A week ago, Ripple labs director of regulatory relations was elected to represent 90 corporations at the Federal Reserve’s faster payments task force steering committee. The task force was formed this year to spearhead the upgrade of payment systems that have remained unchanged since the 1970s.
This is good for ripple (XRP) because it means ripple is well represented as a frontrunner for adoption by the U.S federal reserve, as a tool for making global payments faster. Up to this point, the primary technology that has been in use for this purpose is SWIFT. This technology is no longer efficient when compared to newer technologies like ripple (XRP), and with Zagone as a member of this task force, the FED will most likely back ripple (XRP) as a replacement. That’s because it is faster, cheaper, and most importantly, ripple labs is American, an important factor for the Federal Reserve.
But that’s not the only place where Ryan Zagone is representing ripple (XRP), and giving it leverage for mass adoption. He is also representing ripple at the better than cash alliance. Zagone is on the research advisory board of this organization that is based at the United Nations. The goal of this organization is to enhance financial inclusion at a global level. What’s interesting about this organization is its membership and partnerships. The better than cash alliance membership includes more than 25 countries in the developing world, and over 20 world organizations including the World Bank, the Bill and Melinda Gates foundation among others. It is also backed by the U.N and the G20.
This means that ripple (XRP) has leverage on a platform that could see it get adopted by every developing nation all across the world. That’s because the primary problem of most developing countries, one that holds them back, is the lack of financial inclusion. Ripple (XRP) can offer them this because it is very cost-effective, and can be used to tailor solutions for the problems that many developing nations face. Through Ryan, and the influence of the G20, and the World Bank, most of these nations will adopt ripple (XRP) as the primary tool for expanding the financial space amongst their people.
When you put together the influence that ripple (XRP) is gaining both in the U.S through the Federal Reserve, and the rest of the world through the better than cash initiative, it isn’t hard to see why ripple (XRP) is about to take over the global finance industry.
This makes it highly undervalued at its current price of under $0.50. Once banks start using it with the help of their respective governments, ripple (XRP) will skyrocket in value. It could easily become a global currency, and replace all other currencies in use today, including the USD. What ripple has going on is clearly unprecedented in crypto circles. It is likely to emerge as the number one crypto, and break away from the umbrella of bitcoin in a few years.
TRON (TRX) Long-Term Price Forecast- February 17
TRX/USD Long-term Trend: Ranging
Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600
Tron long-term outlook remains in a range-bond market. The bears return predicted in last week analysis remained strong within the range. The two EMAs were broken as the bears continue the downward journey.
TRXUSD dropped initially to $0.02448 and later to $0.02360 in the demand area. This was the low of the week on 14th February.
With price below the two EMAs crossover and the stochastic oscillator signal in the oversold region pointing up at 8%. It suggests a minor push to the upside before downtrend continuation within the range.
TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.
Forbes releases newsletter dedicated to crypto targeting potential investors
Forbes released new premium newsletter dedicated to cryptocurrency and blockchain.
Forbes doesn’t seem to get enough crypto. The media giant gets deeper with the nascent technology with their new service, Forbes CryptoAsset & Blockchain.
The new premium-subscription digital newsletter contains in-depth coverage of blockchain, as an effort to establish Forbes as a prominent voice in the field.
According to Media Post, investor and co-author of CryptoAssets: The Innovative Investor’s Guide to Bitcoin and Beyond, Jack Tatar has been appointed as the editor.
While the contributors will be Forbes’ stable journalists that will interview notable figures in crypto space, such as Ripple’s CTO David Schwartz, cofounder and CEO of Zcash, Zooko Wilcox, and Morgan Creek Capital’s Mark Yusko.
“This newsletter is geared toward educating potential investors in blockchain and crypto, and the goal is to provide actionable and profitable advice,” said Matt Schifrin, VP and managing editor of Money & Markets at Forbes.
Despite its premium price, which is set at $595/year or $195/quarter, Forbes’ Senior VP of consumer marketing and business development, Nina La France claimed the early response as “solid”.
Speaking about future publishing plan, Schifrin reveals that Forbes will publish its first-ever Forbes Blockchain 50 list that covers most prominent firms in the crypto space in the coming months.
Is the list something worth waiting for? Stay with Chepicap to find out.
In the meantime, checkout Chepicap’s YouTube channel to find out about the current crypto market state.
Investment portal, TradingView launches premium crypto dashboard at 0.09BTC
TradingView, the investment portal just launched its very own Crypto Dashboard.
The platform known for its exhaustive and real-time information on everything related to trading and investment, TradingView just launched its crypto specific portal.
The crypto dashboard provides data from 25+ crypto exchanges, such as Binance, Bitfinex, Bithumb, BitMEX, BittrexCEX.io and Coinfloor.
The new platform aims to “equip” crypto traders with all things important to nail the trading activities, such as 25 technical indicators on a single chart, unlimited chart layouts and watchlists, 200 server-side alerts and the capability to connect 5 devices at the same time.
The “trading power” is offered in their premium plan that costs 0.09 Bitcoin/year, which the website says as a good deal as it means the lower the Bitcoin price, the higher the discount.
However, that also means that when the bull comes, it wouldn’t be that affordable to many people. Hopefully by then, TradingView would revise their pricing for the benefits of all parties.
The question is, when will the bull come? Check out Chepicap’s YouTube channel to get an idea about the current crypto market state.