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Stellar (XLM) – You can’t go wrong with XLM as an investment

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The market has been trading sideways for some time now. This means that the risk of another huge drop is still there, before a major push to the upside similar to the 2017 rally. This makes altcoins a high risk, until there is a clear upside break in the whole market. Nonetheless, there are certain altcoins that hold lots of potential regardless of the direction that the market goes. One such altcoin is Stellar (XLM). It doesn’t matter whether Stellar (XLM) drops further, the highest possibility is that it will be headed much higher in the long run. It has strong fundamentals that could see it gain in value over time.

One of these fundamentals is its potential to disrupt the banking industry. This will happen mainly through the IBM blockchain world wire.  Through the blockchain world wire, banks will be in a position to handle cross-border payments in just a few seconds.

This is a process that currently takes days, and comes at a hefty fee. It doesn’t take rocket science to see that this is the future of banking. Besides, even though there are other blockchains targeting this market, Stellar stands out. It stands out in the sense that it is a fully decentralized network, which means that banks don’t have regulatory hurdles in implementing it.

Besides, stellar is a partner to IBM, which is the tech company powering over 97% of the global banking industry. This means that stellar has a leg up in terms of adoption. Already there is speculation that 40 – 50 major banks are about to adopt the blockchain world wire. This once confirmed will propel Stellar (XLM) to new heights. On this basis alone, there is no way that Stellar could lose value on the long run. It may fluctuate in the short term, just like the rest of the market, but its overall trajectory is upwards.

On top of that, Stellar is right in the middle of what could be the next revolution of the stock markets. That’s because, it is in the middle of the STO revolution. Security tokens are on the rise all across the world, and exchanges focused on security tokens are on the rise. As this trend gains momentum, stellar could see its value rise significantly. So far, a number of stellar based projects have hit the market. Stellar stands to make it big in this market due to its regulatory compliance.  Once STOs become the norm in raising financing, the value of stellar stands to rise significantly going into the future.  This pretty much anchors its value irrespective of how it plays out in the short-term.

In essence, for an investor thinking long-term about blockchain, stellar (XLM) is one of the cryptos to hold. The fundamentals are so strong that any chances of going wrong are minimal. Long-term stellar (XLM) could easily push way past $1, in the next Bull Run.

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PayPal’s new mobile payments app may take the fight to Ripple

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Many big-league players have started sorting through improved alternatives for fiat and cryptocurrency transactions. Recently, PayPal followed suit by launching its own mobile payments app, Xoom, in an apparent attempt to compete with Ripple. PayPal catapulted its e-funds transfer service to compete with Ripple, its blockchain-based rival, in the crypto-transactions segment.

With Xoom, PayPal aims to re-define the traditional payment services sector by delivering faster and cheaper international transfers. The online payments services provider aspires to make transactions easy and more convenient than Ripple by charging lower transaction fees.

Further, Xoom will be opening its gates to users in 32 European countries, all of whom can send money to users across 130 countries worldwide. It is also important to note that PayPal already has a significant user base across the world, the scale of which can be used by the platform to leverage and boost the services afforded by Xoom.

Ripple has been at the forefront of revolutionizing cross-border payments across the world, affording users the opportunity to make transfers in a quick and seamless way. It is in light of this endeavour that Ripple has consistently focused on tying up with major banks and financial institutions. Ripple had recently made news when it formed a major strategic partnership with Moneygram. By launching Xoom, PayPal aims to position itself alongside other popular international remittance services.

To compete with Ripple, Xoom has partnered with major financial institutions to facilitate transfers of up to £8,800 pounds [$11,029] per transaction. For disrupting the crypto-market, PayPal will have to drop its transaction fee lower than Ripple, a step that will definitely will gather the attention of crypto-users.

If Xoom attains its desired goal, it will disrupt Ripple’s market share. Yet, it will be beneficial for users as a significant number of organizations are coming up with distinctive services blended with blockchain-based cross-border transaction options.

Source:ambcrypto

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Ripple’s David Schwartz Believes Uber & Amazon Should Adopt XRP For Payments

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The chief technology officer at Ripple, David Schwartz recently sat down at the recent WeAreDevelopers conference which took place in Berlin where he said some of the globe’s biggest companies are able to benefit from the use of crypto and other digital assets.

Schwartz went onto talk about Ripple’s work with the numerous financial institutions and banks which improve the speed and cost of cross-border transactions.“If you’re a Seagate or an Amazon or an Airbnb or an Uber, these companies all make large numbers of small payments. Amazon has thousands of merchants that they make payments to. Uber, if you’re in the Philippines and you’re a driver and you need money for milk, Uber would love you to drive for them and buy milk right that day.

But they need efficient payments. They need payments that are as reliable as email for that to happen. And that doesn’t exist. And each of these companies employs literally hundreds of people just in their payments division. And if you imagine if you ran a payment company, you would love to go to any of these new corporates and say, ‘Hey! Fire your hundreds of payment people. We’ll do all your payments.’ But there’s nobody who can do that.”

The CTO of Ripple has said that he believes XRP is in a position to fuel a payments revolution because of its speed and low transactions fees.“We came up with what’s technically a form of federated Byzantine agreement that we call consensus that’s faster and cheaper than proof-of-work. And the result is that XRP is a decentralized digital asset not connected to any jurisdiction, that moves more quickly and more cheaply than Bitcoin. And I would argue that it’s also more censorship-resistant and has some of the decentralization properties that we want. And that’s resulted in low cost, low fees and high transaction volume with low latency…”

“Ripple has built an enterprise payment network on these principals. It consists of three products. One to process real-time payments. One is sort of like the browser to send payments. And one to provide on-demand liquidity.

Financial institutions use xCurrent to make and receive payments, xVia to initiate payments and xRapid to provide cross-border liquidity. And this is a real network. This is a point-to-point network. It’s not a central server like Swift or PayPal. This is a decentralized network where financial institutions interact with each other through protocols that are not centrally controlled.”

According to Schwartz, regulation and education are the two largest obstacles that stand in the way of mainstream adoption when it comes to using cryptocurrency payments. “The biggest obstacle that we’ve found is the legal environment. Enterprises are not ready for a trustless system that’s proven by mathematical algorithms. They have customers who might get their credentials stolen. They might want to go to court. One of the biggest things that we had to do to revolutionize enterprise payments was to come up with a set of rules so that legal agreements can be negotiated with just a couple of redlines rather than a 40-page contract beginning to end of how to handle every possible failure…

So today, our customers use digital assets to settle payments immediately where that makes sense, and they use more conventional means where that makes sense, but they enjoy the benefits of end-to-end messaging, multi-hop and the various things that a multi-standard can provide. We think that digital assets and interledger payments can build that internet of value.”

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Ripple (XRP/USD) forecast and analysis on July 17, 2019

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Cryptocurrency Ripple (XRP/USD) is trading at 0.3162. 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 middle border of the Bollinger Bands indicator.

Ripple (XRP/USD) forecast and analysis on July 17, 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 0.2620. The conservative area for Ripple sales is located near the upper border of the Bollinger Bands indicator at 0.3450.

Ripple (XRP/USD) forecast and analysis on July 17, 2019

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 0.3620 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 July 17, 2019 implies a test level of 0.3270. Further, it is expected to continue falling to the area below the level of 0.2620. The conservative area for selling Ripple is located area of 0.3450. Canceling the option of falling cryptocurrency will be a breakdown of the level of 0.3620. In this case, we should expect continued growth.

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