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XRP Updates: What Ripple really needs to do right now?



What we really need for XRP more than just price catalysts and more ways to speculate on the price is actual adoption and use.

The National Bank of Kuwait has opened up direct remittances with Jordan using XCurrent but not XRapid. Ripple has many major banking partners with some of the biggest and powerful banks in the world. A lot of these huge banking institutions like XCurrent but no one is really using XRapid yet. What Ripple needs to do is to get people to really use the XRP token. It is very important for the future of the XRP ledger. It’s nice that the banks are using Ripple’s software XCurrent, but for the benefit of the XRP holders, XRapid is the innovation that is needed to be adopted.



A big thing holding back wider use of XRP is of course regulations. Regulations in so many countries are holding back basically what could be a tidal wave for XRP. So as they continue to work through these different regulations in multiple jurisdictions all around the world, we will see more and more of these banking partners actually hopping onboard and using the XRP token but it might take some time before that can actually happen. Although not at a large scale still there are some use cases of XRapid currently in areas such as Philippines and Mexico.

Ripple has also been working on getting a lot of exchange partners for XRapid such as Bittrex, Bitstamp, and Bitso which are all working to help bring XRapid to life. For XRP to get to the next level it has to get used by the banks but the banks out of regulatory fears or conservativeness, they are using XCurrent and not XRapid or the XRP token yet.


XRP as a base currency on Binance

Binance has added different pairs with XRP as the base currency. Currently, it is paired with only TRON and Zcoin at this time. As time moves forward, we are surely going to see other pairs such as XRP to Litecoin or XRP to Cardano. Although the news does not seem exciting it is really important that XRP does get added in terms of creating value for XRP because the more trading pairs we have, the more volume we are going to have and more people are going to be exposed to it.


Large Accounts moving XRP

We have seen some very big accounts pushing a lot of XRP around in the tunes of 90 million XRP or 70 million XRP which are not owned by the company but large whales who are moving it around and probably some of these would be looking to move it to exchanges to dump it into the markets.


Uphold’s XRP holdings

Uphold has announced that their largest holding ahead of bitcoin is XRP which shows that there are a lot of XRP enthusiasts who are using uphold. This may be a continuing trend for a lot of different exchanges as XRP is one of the most popular cryptocurrencies.


Nasdaq and XRP:

When the Nasdaq cryptocurrency exchange gets launched it seems that XRP would be one of the tokens listed there. This could be a very big catalyst for the price of XRP.


What we really need for XRP more than just price catalysts and more ways to speculate on the price is actual adoption and use.


Ripple Donating $1 million to Tipping Point



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.

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Ripple: XRP OTC Trading on Houbi Exchange



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



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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