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Ripple Donating $1 million to Tipping Point

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Ripple is planning to donate $1 million to Tipping Point. According to its website, Tipping Point is an organization that fights poverty in the Bay Area.

Ripple is planning to donate $1 million to Tipping Point. According to its website, Tipping Point is an organization that fights poverty in the San Francisco Bay Area by identifying and investing in promising interventions. According to Ripple’s blog, around 75% of people in the world are poverty driven and are unbanked.

Tipping Point:

Tipping Point is an organization that helps the poor and needy people around the San Francisco Bay Area. The organization has already raised more then $250 million and the amount is being sued on things like employment, education and housing for the poor.

 

Ripple keeps itself involved in charity events. Earlier, Ripple started an initiative called ‘Ripple for Good’ for supporting educational and financial inclusions of people around the globe. Ripple had donated $100 million dollars back then.

#Ripple

Ripple: XRP OTC Trading on Houbi Exchange

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Houbi announced its OTC trading for Ripple XRP. Houbi OTC is a peer-to-peer crypto trading platform provided by Houbi Global.

Big news for over the counter trading for Ripple XRP came on March 6, 2019, when Huobi announced its OTC trading for Ripple XRP. Huobi OTC is a peer-to-peer crypto trading platform provided by Huobi Global.

 

As per the CEO of Huobi Global, Livio Weng,  Huobi OTC is an effective solution for trading in this crypto trading ecosystem. The addition of Ripple XRP would surely a major step for the extension of this over the counter service.

 

Huobi OTC is one subsidiary of the Huobi Global. It completely aims at over-the-counter trades of cryptocurrencies. It provides a platform where you can post an advertisement for buying/selling cryptocurrencies on it. Thus, you can buy as well as sell these digital assets and complete your transaction with some third party by exchanging cryptocurrencies with fiat currencies.

 

Huobi is one of the leading cryptocurrencies exchange in the crypto market and occupies the 8th position as per market volume and has a total market volume of $715 million today. Apart from the introduction of Ripple XRP in its list of OTC trading, Huobi OTC also supports many other cryptocurrencies for its OTC trading. Bitcoin, Ethereum, EOS, USDT etc are some of the other cryptocurrencies who already are being traded OTC using Huobi OTC. It would be interesting to see what impact does this OTC trading offer to the current bear run of Ripple XRP.

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#Explained

Analysis: Is XRP a security? What if XRP is deemed a security?

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If XRP is proved as security it will have a major impact on the entire crypto community. Investors should be prepared for a price shock.

XRP coins are pre-extracted and their decentralized nature is a matter of open discussion. Brad Garlinghouse, CEO of Ripple Labs, thinks that XRP is not a security coin and says: “I think it’s very clear that XRP isn’t a security. Garlinghouse defended the decentralized nature of XRP, stating that the existence of XRP does not depend on Ripple Labs. Ripple has never claimed that the price of XRP will rise, so there should be no expectations of the profit that XRP buys. Garlinghouse went on to say that if Ripple does not work, XRP will continue to function ( something that the CEO of Ripple has said over and over again ) Garlinghouse finished saying that the XRP is not a security and that XRP is different from Ripple.

 

Is XRP a security?

Many market players see the Ripple ( XRP ) as a centralized business front towards the cryptocurrency revolution.
Ripple, a private company, only uses XRP in its xrapid product and owns a considerable number of XRP coins.
Yes, users are payment processors, and banks focused on the xrapid Ripple’s product, which actively uses XRP.

The creators of the XRP Ripple Labs have been stifling the charge for a while, tearing it apart like an annoying bug. In 2018, Ripple Labs began to try to co-opt the story around the creation of XRP and the relationship between “Ripple” and “XRP” to dispel the idea that XRP is a security token.

In the past, Ripple, the company behind the XRP coin, has focused on persuading everyone that it is not a security.
While XRP can be purchased in transactions that have nothing to do with Ripple, it is important to note that about 80 percent of the XRP is in the hands of the Ripple company.

 

What if XRP is deemed as security?

If XRP is proved as security it will have a major impact not only on itself but on the entire crypto community. If XRP is legally recognized as a security in the United States, the company will be included in its ‘shareholders’ and the ownership of XRP will represent ownership of the company.

For investors in XRP, be prepared for a price shock if the SEC gives a ruling on the enforcement authorities against Ripple. Nevertheless, there has been much speculation about whether XRP becomes security; its value will be at the bottom. In Future, if XRP is classified as a security, Ripple should provide the owner of each coin a share of the company.

Ripple does not guarantee investors that the value of XRP will rise after the acquisition of the coin. However, XRP is a cryptocurrency designed for value exchange, and it is likely that other authorities will not classify it as a security.

Currently, purchasing XRP does not give you shares in the company. Ripple does not determine the price of XRP.

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#Banking

Explained: How Ripple Works with Banks

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The Ripple network, RippleNet, provides companies and financial institutions with a range of services to support cross - border payments.

Ripple is a payment processing technology that integrates directly with banks and other affiliated institutions, with faster processing times and lower costs than PayPal. As such, most Ripple processing power comes from institutional gateway users who use Ripple to process payments.

Unlike most blockchain technologies, which are secured by a decentralized miners ‘network, Ripple is protected by a network of server validation with an internal ledger that guarantees transactions based on consensus.
The Ripple is mainly a payment processor and currency exchange, and the XRP is a currency, but secondary to the Ripple’s mission.

In 2014, several banks and payment processors signed up to use Ripple in a test capacity after which the adoption has been on a continuous rise.

 

RippleNet:

The Ripple network, RippleNet, provides companies and financial institutions with a range of services to support cross – border payments. Ripple also boasts versatility, the ability to help large financial institutions and its fast transaction time. Bitcoin is entirely decentralized, as it has been done to allow financial transactions without the need for external companies such as a bank. By creating its digital token to assist in the transfer of assets, Ripple is committed to supporting existing financial systems and improving their global transaction capabilities.

Many people wonder what makes the wave different from a company like PayPal or Stripe when it comes to processing payments. While PayPal and Stripe are directly applicable to consumer solutions, Ripple works more as an infrastructure for banks than as a stand-alone solution.

Ripple is a private company whose goal is to create and enable a global network of financial institutions and banks.
Essentially, Ripple is taking a stand against what they call the “walled gardens” of financial networks made up of banks, credit cards and other institutions like PayPal. While Ripple focuses on helping large banking institutions, the XRP is in tune with the little boy in an attempt to bring banking the unbanked. The success of Ripple ultimately depends on the number of partners on the RippleNet ( which has been steadily increasing over the last year ), the number of people using the Ripple product and the effectiveness of XRP.

 

Ripple for banks, not against banks

Unlike Bitcoin, which aims to eliminate banks as intermediaries, banks are the biggest users of Ripple. Ripple is used by banks to make international payments faster, cheaper and more transparent.

Instead of competing against the current banking Goliaths in the sector, Ripple’s plan is to partner with the world’s leading financial institutions to offer a blockchain solution. According to Ripple, a member of the global network, financial institutions can process customer payments worldwide immediately, safely and cost-effectively.

Instead of converting US Dollars into other currencies, taking into account changes in exchange rate margins, processing fees and slow transaction times, Bank A can transfer 5 million dollars of XRP to Bank B’s Ripple portfolio, which can then be converted into local currency.

Designed for businesses, payment providers and banks, Ripple is a payment interface designed to facilitate the use of xcurrent and xrapid. Ripple offers a distributed payment network for fast and affordable cross – border transactions and also relies on its own home currency, XRP.

If more banks join the network, this may lead to increased demand for XRP and encourage other banks to join the platform. Ripple is a major player in the cryptocurrency world, thanks to its strong financial support and strong financial support.

 

Alternative to SWIFT

The transducer for cross – border payments for banks, xcurrent, provides an alternative to SWIFT payments between banks and payers in different countries. Ripple describes xcurrent as a global system of real-time gross settlement (RTG) – the same label that the world’s central banks use to describe their own settlement systems. The ripple software then controls the funds in the relevant banks and updates the accounting books of each bank to carry out the payment, the company says that the settlement process is completed in seconds.

Street banks are usually the worst for this, but even services such as PayPal are very expensive – it costs about 2. 9 % to make an international payment with PayPal. ‘Ripple is for banks what the Internet is for the world, and they call the concept “Internet of Value “.’

The ripple XRP network is used and tested by financial institutions and banks to distribute and settle international payments more efficiently. As you can see, the XRP coin is progressing enormously with strategic partnerships and is accepted by a wide range of organizations.

The primary objective of ripple is to create a global billing network for more efficient transactions between financial institutions around the world. Xrp is the name of the digital currency that makes transactions on the Ripple network easy. XRP is a stand-alone digital asset that facilitates transactions on the Ripple network, acting as a bridge between several fiat coins and as a source of liquidity.

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