Before he died, Stephen Hawking once said “we are all now connected by the internet, like neurons in a giant brain”. It is true, we are. The internet has had a direct impact on everyone who uses this vast “neuron like network”. Not only did it improve efficiency but it has made our lives more productive and useful. Technopedia defines the internet as a “a globally connected network system that uses TCP/IP to transmit data via various types of media.” Like the blockchain, the internet is completely decentralized and a “peer-to-peer (P2P) communication network.”
Free Email Brought Spammers
Everything else constant, it is this communication that underpins everything that we do. Any form of communication should have an element of speed and that is what internet brought. One of the earlier applications of the internet was the email. The email allowed users to exchange information from anywhere in the globe. However, with great use (now that is it free), advertisers as well as marketers continue seem to abuse it, harvesting email addresses and consequently clogging email inbox not only wasting our time during clean up but exposing users to viruses and potential hacks. Others have been conned off their hard-earned money. As a result, it is our duty to devise ways to make it hard for spammers to do what they do best as we contribute towards benefiting the internet community.
XRP as a Tool For Fighting Spam Emails
Towards this end, a Redditor is suggesting a way of preventing inbox spamming by integrating XRP. In the post, he said XRP—a native currency of Ripple, is “perfect for paid email.” He proposes a bold move that will once and for all stamp out spammers introducing a fee for every mail sent and the need for seeding every KYC approved email linked XRP wallet with 20 XRPs limiting the number of accounts a potential spammer can open. KYC, he says will “increase the advertising value of the email account and is what prevents people from being able to set up what you call “ghost” email accounts.”
To go about this, he proposes implementation to be done in stages. The pilot phase would strictly allow Ripple to Ripple communication. After that and if the initial test phase shows result, Ripple can negotiate with other email providers. Upon agreeing, users will create accounts embedded with Ripple wallets where use is dependent on amount of XRP in those wallets. From there and if interested, other users can opt-in, embed their email with an XRP wallet allowing them to receive paid emails from advertisers at their defined rates. They can also use the same email to send payments as if they were an XRP wallet.
Source: Ethereum World News
Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1
Blockchain payments startup Ripple has reported a 31 percent increase in sales of XRP over the first three months of the year.
The San Francisco-based firm sold a total of $169.42 million in XRP in Q1, compared with $129.03 million in the previous quarter, it announced Wednesday.
Ripple further said that direct institutional sales of XRP totaled $61.93 million in Q1 – 54 percent more than the previous quarter. Programmatic sales of the cryptocurrency, meanwhile, grew from $88.88 million to $107.49 million, an increase of 21 percent.
It’s not all good news, though. The total volume of XRP traded globally decreased by about 2 percent to reach $53.85 billion in Q1 as compared to $54.82 billion in Q4 of last year.
Further, looking at the year-on-year figures, XRP sales have not shown significant growth. In Q1 of 2018, the firm sold $167.7 million-worth of XRP, which is just 1.03 percent less than Q1 of this year.
Ripple said that it released 3 billion XRPs out of escrow accounts in Q1 2019 and additional 2.30 billion XRPs were returned and put into new escrow contracts. “The remaining 700 million XRP not returned to escrow are being used in a variety of ways to help support the XRP ecosystem,” the firm explained.
XRP, the third largest cryptocurrency by market capitalization, is now listed on around 120 exchanges, as 19 new exchanges moved to list the cryptocurrency in Q1 2019, according to Ripple’s data.
January to March 2019 was also the second-lowest volatility quarter since Q4 2013 for XRP, Ripple added, as “rolling volatility of 30-day returns steadily declined throughout the quarter.”
Ripple’s Q1 sales account for 0.32 percent of XRP’s global volume, reveals report
Ripple, a leading U.S based Fintech company providing payment settlement solutions, released its Q1 report for the year 2019. The report provides insight into the amount of XRP taken out from the escrow account, the firm’s financial progress, and an overall update on the XRP market.
The report stated,“Ripple’s Q1 sales accounted for 0.32 percent of global XRP volume. Three billion XRP were released out of cryptographic escrow, 2.30 billion returned to escrow. XRP is now listed on approximately 120 exchanges worldwide”
The report also stated that Ripple withdrew 1 billion XRP each from its escrow account over the last three months, a total of 3 billion XRP. Out of this, over 700 million XRP was used for the development of the ecosystem, while the remaining 2.3 billion XRP was deposited back into its escrow account.
Notably, the report stated that the firm sold $169.42 million worth of XRP in the first quarter, an increase to 0.32 percent from 0.25% in Q4 2018, in terms of sales in global XRP volume. On one hand, institutional direct sales also saw a significant increase from 2018 Q4, growing from $40.15 million to $61.93 million. On the other hand, programmatic sales also saw a massive hike from 2018 Q4, rising from $88.88 million to $107.49 million.
Cryptopolis, a Twitter user, commented,
Tony Valentino, another Twitter user, said,“Market manipulation at its finest.”
Ripple (XRP/USD) forecast and analysis on April 25, 2019
Cryptocurrency Ripple (XRP/USD) is trading at 0.3197. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Ripple (XRP/USD) forecast and analysis on April 25, 2019
As part of the forecast Ripple course is expected to test the level of 0.3270. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.3020. The conservative Ripple sales area is located near the upper border of the Bollinger Bands indicator at 0.3290.
Cancellation of the option to continue the decline in the Ripple rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of quotations of the pair above the 0.3320 area. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on April 25, 2019 implies a test level of 0.3270. Further, it is expected to continue falling to the area below the level of 0.3020. The conservative area for selling Ripple is located area of 0.3290. Canceling the option of falling cryptocurrency will be a breakdown of the level of 0.3320. In this case, we should expect continued growth.