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XRP Grows in Utility Volume, 250K New Wallets, 150 New XRP Pairing in Six Months

XRP is becoming widely adopted by the day, and its price has remained positive after the bearish period. Now the digital asset utility has increased in volume, new wallets are being added to the platform with 150 pairings in a period of six months. Though XRP’s price was stagnant in the first quarter of 2019, it took up immediately after bitcoin rose in price recording a high trend in the month of May. The first week of June saw the asset rising to $0.41. Analysts are speculating that its price could reach $0.50 sooner than expected if the bull run continues. Factors Pushing Ripple XRP Utility Growth According to market analysis, a boost in the XRP utility can be attributed to a lot of factors. Though Ripple Labs, the Fintech company behind the digital token has been more focused on promoting cryptocurrency to the mainstream, the native token is also affected positively by their performance. There are various factors contributing to the boost to XRP utility growth. Ripple Has Continued to Expand its Network to Cover New Regions Besides signing more banks and financial institutions, Ripple is widening its coverage. The latest move it made is opening an office in Brazil, this happened immediately after connecting with banks in the UAE. More wallets are being created on the platform as Ripple forms alliance with more banks. Ripple is now moving to expand its coverage to the Latin America region. Integration of xRapid With XRP Since Catalyst Corporate Federal Credit Union integrated xRapid and XRP, it became the first blockchain-based application of cryptocurrency by financial institutions in a commercial product. This technology provides a low-cost liquidity solution for emerging markets. It uses XRP to help banks move money across borders. This made using XRP the easiest global means of cross-border payments. But investors are still skeptical about the XRP growth, they may not want to take a plunge until there is a certainty that the positive momentum will last for a while. The post XRP Grows in Utility Volume, 250K New Wallets, 150 New XRP Pairing in Six Months appeared first on ZyCrypto.
ZyCrypto

Best Cryptocurrency Wallets That You Must Have

Cryptocurrency wallet is a software program that is used to store money in the digital form. More correctly, it always saves the public and private keys that can be used to send and receive cryptocurrencies or to pay and get paid using digital money. In fact, without crypto wallets, the whole idea of cryptocurrency dies! Here I am going to share the different types of cryptocurrency wallets out there, starting with the least secure ones.You may also be using digital wallets, also known as e-wallets through your mobile phone. I use Apple Pay or Google pay wallet apps to book train tickets, parking tickets. The later, for instance, is the mobile payment and digital wallet service by Apple Inc. that always allows their users to make payments in person, in iOS apps.Furthermore, there are so many different types of cryptocurrency wallets catering to different needs. Here are the following, most popular types of cryptocurrency wallets, in order of their security level.Ledger Nano XThe Ledger Nano X is the Bluetooth enabled a secure device that is used to stores your private keys. Make sure all your crypto assets are safe, wherever you go. Ledger nano provides you the secure backup. Your records or accounts can be restored on any Ledger device, using a familiar 24-word recovery phrase. Its time to secure all your cryptocurrency securely and efficiently with the help up of the fantastic Ledger Nano X Bluetooth Crypto Wallet. Taking things on the go, the tremendous Bluetooth-enabled device takes away the pain points of traditional crypto wallets. Featuring a robust app, Nano X is the mobile-friendly meaning you are not restricted to your desk or even your workspace to managing your cryptocurrency. The Nano X offers truly incredible security is a must in the crypto world. This means that third parties are required to use their apps with Nano X, but this also means more protection. But, this device itself can store apps for up to 100 crypto assets. Likewise, this decreases any errors such as signing transactions to the wrong protocol. This device is beneficial to save your cryptocurrency money.OraSaifu Digital Smart Walletsource: https://www.gadgetany.com/orasaifu-all-in-one-smart-wallet/OraSaifu is the first of its kind; it is an all-in-one solution for your asset storage, transaction, and recovery. It empowered with the world’s most forward-looking asset security technology. OraSaifu allows you to adopt financial freedom in the futuristic style.The all in one smart card that connects your entire wallet. No more disputes from the outmoded wallets, the OraSaifu allows you securely store all of your Debit Cards, Credit Cards along with gift cards, and boarding passes, work badges or also your gym membership cards all of the things in just one place, and everything is organized and accessible at your fingertips.Features:It Stores unlimited cards and Cryptocurrencies.- Bank level security chip. — 100% Malware free.- Anti-theft and one step recovery.- Seven days of battery life and 1 hr USB Type-C dash charge.Layer Trove Wearable Cryptocurrency WalletTROVE is the wearable device giving a way to store and manage digital currency for daily spending and trading. The system deposits cryptocurrency offline on the hardware — rather than online meaning it is less sensitive to hackers.Users unlock the system using their ECG signature — a biometric method of verification that recognizes a user’s unique heartbeat pattern — by touching the contact zone on the front. This activates the Bluetooth, which communicates with the user’s smartphone and allows funds to be accessed.Unlike other cryptocurrency wallets, which rely on multiple password systems, it is difficult to lose or forget the authentication for Trove. Trove comprises an interchangeable, fashion-driven wearable, a simple and intuitive app, and an induction charging stand.Ledger Nano S Cryptocurrency Hardware WalletNow guard your crypto assets with the first and only independently-certified wallet in the market. The Ledger Nano is built around a secure chip, ensuring optimal security. Your private key giving access to your coins is never exposed. It continues protected within a secure chip locked by a PIN code, the same type of chip used for passports. This Ledger Nano S is fully certified by ANSSI, the French cybersecurity agency. This cool Ledger Nano S supports over 1100 cryptocurrencies, including Ethereum, Bitcoin, and XRP, allowing you to manage multiple assets with the same hardware wallet. Keep Your crypto assets safe even if you misplace your Ledger Nano S, a secret recovery phrase backs up your device, and your accounts can quickly be restored on any Ledger device.HooFoo Hackproof Bitcoin WalletThe new numerous bitcoin exchange hacks compelled us to invent a safer cold storage bitcoin wallet for Cryptocurrency owners. Unlike other cool storage wallets, It is the usual game-changing device ever designed for the Cryptocurrency world. It is the hack-proof hardware wallet that pairs up with your smartphone via encrypted QR-code to securely store your currency and let your transactions happen in the safe environment.With HooFoo, all you need is HooFoo wallet and your phone. HooFoo lets you safely transfer anytime anywhere. You never need to carry a heavy laptop or access to Wi-Fi. It takes only seconds to finish a whole offline transaction in a fully secured environment which avoids weak links.Make secure and protect your cryptocurrency with the HooFoo Hackproof Bitcoin Wallet. It more reliable than other solutions, the HooFoo gives you a two-in-one wallet combination. Also, this cool wallet uses an ultra-secure Bluetooth 4.0 connection.Trezor One Hardware Bitcoin WalletDefend your Bitcoin with the Trezor One Hardware Bitcoin Wallet. This hardware wallet permits you to use Bitcoin without risk. It is ideal for cryptocurrency beginners and experts alike, and the Trezor One eliminates the need for regular backups, paper wallets, or offline storage systems. Additionally, it is an entirely safe wallet that is free of keyloggers and viruses. The USB 2.0 device works with OS X, Windows, and Linux. Likewise, it supports over ten coins, including Bitcoin, Litecoin, and Ethereum. Weighing just 12 grams, you can comfortably keep the Trezor One on you anywhere you go. Trezor connects to your computer or smartphone via micro USB. With a bright OLED screen, the Trezor One provides six lines of text. With this, the wallet displays everything you need to verify a transaction in one screenful.Conclusion:Get these cryptocurrency wallets and secure your crypto money. Get these wallets and enjoy digital money. Buy the best Cryptocurrency wallets according to your needs, and save your cryptocurrency money.https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/hrefBest Cryptocurrency Wallets That You Must Have was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

imToken: Please Cease to Use The Wallets Generated in MGC and Transfer Your Assets

According to imtoken.fans, on June 12, imToken security team received a report e-mail from a user. The user said that the ETH in his wallet were stolen. All stolen addresses were generated in MGC wallets. imToken team reminds users to cease using the wallets generated in MGC wallets and transfer assets. Currently, MGC’s assets are being transferred in bulk to a certain address. 40,000 transfers have been completed at this address, with total assets of 3 million RMB. It is suspected that MGC team is running with money. Now MGC Token has been labeled as pyramid selling coin by the imToken. Before that, MGC used the users to threaten imToken, and woven a plot to lay the sin at imToken. MGC wallet is actually a typical ponzi scheme, it claims a minimum of $100 investment with a monthly return of 9-25%. It has built an ATS intelligent financial management system, as its arbitrage process is open and transparent. It is revealed that the project operator is in Malaysia, many of its propaganda scenes are forged. Downloading MGC’s App in Apple stores requires APPLE ID overseas. MGC’s App only be available in Apple stores overseas, in other words, it is illegal in China at all. MGC claims itself as a de-centralized wallet. However, through testing by technicians, it is found that recovery phrase of MGC wallet are created by the server terminal and then sent to you. That is to say, you are not the only one know your recovery phrase but also the server of the MGC wallet does. And what does recovery phrase mean to wallet users? It means ownership of your wallet, so in fact, MGC has ownership of your wallet. From its wallet generating data, we can clearly see our recovery phrase is created by server terminal before sent to us.   MGC Wallet APP is actually a Web site , Today, there are many small transfers in one of MGC address , which contains 1662.75 ETH, there are still a large number of ETH unpacked. Now the price of MGC on the exchange plunged by 60%, losing its investment value. So the investor must investigate the wallet company before putting your crpto in. For the transferred address, it is necessary to search it through the blockchain browser.
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XRP Spikes 10% on Ripple MoneyGram Partnership News

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed a few hours ago when XRP awoke from its range bound channel at $0.42 and surged almost 10% to hit an intraday high just over $0.46. A minor pullback followed in the hours after the announcement but XRP is still one of the day’s top performers. XRP price 1 hour candles – Tradingview.com XRP 00 has climbed almost 15% over the past week as it was trading just under $0.40 this time last Tuesday. Daily volume has just topped $2 billion as XRP market capitalization approaches $20 billion. The gap to ETH in second place is still $10 billion in terms of market cap, however. It has been one of the best weeks for XRP in terms of gains as the Ripple token has only made 27% since the beginning of the year. Big Partnership Driving FOMO The San Francisco based firm announced the partnership on its company blog late last night. It stated that the initial partnership will last two years during which Ripple will become the key partner for MoneyGram’s cross border payments and foreign exchange settlements. A substantial capital commitment of $50 million has also been pledged by the blockchain company enabling MoneyGram to draw it over a two year period in exchange for equity. Ripple’s xRapid system will be deployed for the partnership. It facilitates on-demand liquidity enabling instant transactions by reducing reliance on pre-funding. The XRP token will be used as the ‘real-time bridge’ between different currencies. Ripple CEO, Brad Garlinghouse, stated; This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies. MoneyGram has a $600 billion global remittance market supporting multiple currencies in more than 200 countries. Traditional forex markets requiring advance purchases are currently used for international transfers. The partnership and leverage of Ripple’s native token are expected to reduce costs and increase transfer speeds for the firm. Alex Holmes, MoneyGram Chairman and CEO, added; Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management. Will XRP hit $0.50 this week? Add your comments below. Images via Shutterstock, Tradingview.com The post XRP Spikes 10% on Ripple MoneyGram Partnership News appeared first on Bitcoinist.com.
Bitcoinist

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms?

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign exchange settlement using digital assets. The digital asset they will be leveraging is Ripple, using Ripple’s xRapid Product. This partnership is a massive step towards the vision with which Ripple began, and investors put money is XRP. Also Read: Ripple Fathers’ Day Gift Propels It Past $0.4400 as Bulls Return Until now, MoneyGram has had to use banking services to provide settlements for payments they initiate. Due to the difference in time of settling payments, MoneyGram has to take loans to increase the required liquidity. However, by deploying xRapid, they will now be able to leverage XRP’s liquidity to provide cheaper and faster settlements. MoneyGram Chairman and CEO, Alex Holmes noted, “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” MoneyGram reported a net loss of $24 million in 2018 compared to a net loss of $29.8 million for the fourth quarter of 2017. The money transmitting service provider has been working towards developing, and 2019 will be part of the roadmap. Hence, the success of this strategic partnership is crucial for MoneyGram. Also Read: Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin? Currently, MoneyGram works independently by leveraging money from banks. Ripple CEO Brad Garlinghouse told the media,  “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations,” XRP/USD 4-Hour Chart on Bitstamp (TradingView) Moreover, while XRP recorded gains around 5%, it rose from $0.43 to a reach high at $0.46. Notably, a partnership like this back in 2016 or 2017 would have likely propelled the price by 30%. This can be attributed to an apparent decrease in the use case for MoneyGram itself. Digital payment is quickly becoming more accessible than ever with major firms working on implementing or integrating digital currencies on their respective platforms. Facebook is the most prominent example of it. Do you think MoneyGram and Ripple will be able to increase their volume and user base in the current environment? Please share your views with us.  The post XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms? appeared first on Coingape.
CoinGape

Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP

Ripple has secured another major partnership with international money transfer company MoneyGram. This will allow the company to use Ripple’s native token XRP to provide liquidity for international payments to MoneyGram customers. This is in a bid to enhance the speed and efficiency of the payment system that MoneyGram operates. In an interview with Fortune on the partnership, Ripple CEO Brad Garlinghouse said: “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations.” The partnership also gives Ripple an 8% to 10% stake in MoneyGram by paying $4.10 per share. This, however, does not give Ripple a voice in the dealings of MoneyGram for now as part of the agreement. MoneyGram, on the other hand, will have the opportunity of reviving its financial standing from Ripple’s investment which it direly needs after its share price crashed significantly.  It will also increase the efficiency of the payment platform, the management said. “We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity,” Larry Angelilli, chief financial officer of MoneyGram, said in a statement. “This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow,” Larry Angelilli, the chief financial officer of MoneyGram said. Ripple is the leader in remittance services as far as the blockchain industry is concerned. Its xRapid is second to none in terms of transaction efficiency and speed. With the new partnership, XRP which will be used for liquidity will be exposed to MoneyGram’s customers in over 200 countries globally. MoneyGram is the second largest provider of money transfer services in the world and while partnering with Ripple will ensure better service delivery to its customers, it is also a huge breakthrough for Ripple which has been looking to expand its reach further into the world. With hundreds of clients using Ripple’s payment platform, the company has grown significantly thus improving the international remittance settlement market by improving customer experience in conventional financial institutions. The post Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP appeared first on ZyCrypto.
ZyCrypto

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments. The deal will enable MoneyGram to utilize Ripple’s xRapid product, leveraging ripples (XRP) in foreign exchange settlement as part of MoneyGram’s global payment process With an initial term […] Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas
CryptoNinjas

Ripple Announces Game-Changing Partnership With MoneyGram

By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would The post Ripple Announces Game-Changing Partnership With MoneyGram appeared first on CCN Markets
CCN
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