Ripple & PayPal: Why PayPal Is Not Supporting Ripple’s XRP

United States – As the famous US global payment service PayPal has entered the world of cryptocurrency, many customers are asking why it does not accept Ripple’s XRP. Currently, PayPal accepts over 26 million merchants and the leading digital asset with the best mainstream exposure is Bitcoin.

Over 346 million PayPal users now have the option to use Bitcoin in trading. Despite Ripple’s recent growth, the company needs to catch up to receive recognition from PayPal.

Currently, PayPal users can only hold Bitcoin and Litecoin cryptocurrencies. However, they cannot transfer it to other accounts on and off PayPal. Many critics claim that the company will remain tight-lipped on the matter.

Crypto enthusiasts wonder why PayPal has skipped the fourth largest cryptocurrency now that it accepts other virtual currencies, such as Ethereum, Bitcoin Cash, Litecoin, and Bitcoin.

According to the latest interview, PayPal relies on the Securities and Exchange Commission (SEC) to determine which virtual assets to support. PayPal is looking for custody and trade additional tokens. Since the global payment service provider needs to expand more products to customers, they need to stay customer-driven, especially when it comes to security.

For instance, controversy circles around Ripple’s XRP after the US regulatory system consider the digital asset a threat to security. Unlike XRP, Bitcoin, Bitcoin Cash, Litecoi, and Ethereum have essential differences from XRP.

Will this restriction be relaxed in the future? According to some crypto critics, there’s a huge possibility that PayPal will support XRP in transactions and withdrawals anytime soon. The reaction of crypto enthusiasts has been mixed since some have publicly bashed PayPal for not giving users access to XRP.

In terms of services, PayPal and cryptocurrencies mirror features available on the rival platforms RobihHood and Square. These two companies are one of the most prominent advocates of cryptocurrencies.

In 2019, Square already supported cryptocurrency and allowed users to withdraw Bitcoins. Regarding RobinHood, its headquarters confirmed that they would soon send a green signal for Bitcoin withdrawals.

Fundamentally, Ripple’s XRP and PayPal sound more conflicting than its partnership with Bitcoin. Once Ripple gained recognition from PayPal, it can be a giant leap in Ripple breaking out of its niche. Despite many concerns, it appears that PayPal will only support XRP if it is considered a currency, not security, in the United States.

Many businesses have been somewhat anticipating PayPal’s approval of Ripple since many global banks are now using XRP for cross-border money transfers.

XRP Leads to Higher Highs While Ethereum Strikes Bitcoin

United States – Following a week-long success, Ripple’s XRP seems to sit at the pivotal point and could rise to higher highs. The bellwether digital asset has endured so much this 2020 and experienced low volatility periods.

Despite the ambiguity that XRP presented during the coronavirus pandemic, analytics claim that whales are still going into a buying frenzy. Several whales have joined the network in such a short period. The continuous increase of wealthy investors behind Ripple’s XRP may seem insignificant to others, but the spike and pressure can translate into more successes and millions of dollars.

If new investors continue to pile up, Ripple will surely have the strength to move past the overhead resistance. The company knows how to turn critical price hurdles into support, so many critics believe that the world can see the pioneer cryptocurrency rise before 2020 ends.

Currently, Ripple’s XRP is the fourth most valuable cryptocurrency and is one of the fastest-growing digital assets. While this company is a late entrant into the crypto market, it still captured millions of industry players and earned huge reaps in value.

Since 2019, Ripple’s XRP has doubled in value and solved plenty of trading solutions. Many critics believe that Ripple will continue leading to higher highs since it continuously offers unique services to the users and the market.

Buyers and sellers gain confidence with XRP for its speed of completion. Other altcoins like Bitcoin sometimes experience delayed transactions, resulting in lost faith and room for fraud. Since Ripple’s XRP enables customers to complete a transaction within five seconds or less, it beats other cryptocurrencies that require customers to wait for an hour or more.

Regarding Ethereum, the digital asset appears to be breaking out, experiencing stable growth, and delivering excellent investors’ value. Since September 2020, the stability has attracted new institutions and enterprises, just like Ripple.

Both Ethereum and XRP provide the confidence and stability that businesses need during transactions. These cryptocurrencies can handle up to 15 transactions per second, which is impressive enough to give people greater confidence in partnerships and transactions.

The versatility and customization that XRP delivers fit the needs of different uses. The company allows people from different parts of the world to transfer fiat and digital currencies. Unlike Bitcoin, XRP transactions do not take many minutes, even with higher values. Many prominent banks worldwide have been using Ripple’s payment system in facilitating payments for goods and services.

Latest News: XRP Gains Momentum While Bitcoin Struggles

United States – While Bitcoin is currently the most prominent digital currency, Ripple’s XRP gains more interest this 2020. Throughout the year, Ripple continuously adds new features to help fund business operations and incentivize customers.

According to internal sources, Ripple’s XRP trades well above the $0.2500 support and runs a steady increase. Last October, the digital asset even broke the $0.2600 resistance level. XRP has resumed its march higher despite the coronavirus pandemic.

Other top ten cryptocurrencies, including Bitcoin and Ethereum, have not gained the same increase this year. Although Ripple’s XRP fell as the economy closed, many critics claim that the currency can still win before 200 ends.

Many investors are happy with XRP’s performance, especially with the latest On-Demand Liquidity that has increased significantly in the third quarter. Despite experiencing some fallbacks last April and May, investors believe that XRP can outperform Bitcoin in the next months. It may not look much, but XRP’s price and performance are getting better.

As some critics explain, XRP can break out of a falling wedge, and people will surely be surprised with Ripple’s performance in 2021. Some analysts predict XRP rising to $0.77, which is incredibly higher than the $0.25 mark this year. Ripple’s XRP may not easily break the strong resistance along with the $0.33 this year, but it will surely stabilize and level up next year.

Recently, Ripple purchased $46 million XRP for the first time, despite owning nearly half of the currency’s supply. The executives claimed that the transaction aims to support ‘healthy markets” and create more interests around XRP. With this strategy, Ripple can increase XRP’s price, especially during the launch of the newest system called Line of Credit, where customers can buy XRP on credit from Ripple. Unlike Bitcoin, Ripple uses new ODL capabilities to source XRP liquidity from the open market dynamically.

Furthermore, Ripple also opened its newest regional headquarters in the Dubai International Financial Centre. This location is suitable for Ripple since it has a unique and reliable judicial system and regulatory framework.

The blockchain-based payment firm reportedly chose Dubai since it has more innovative regulations and offers a special economic zone for blockchain-based companies across the Middle East, South Asia, and Africa.

Ripple CEO Brad Garlinghouse has shared that the DFIC in the United Arab Emirates offers companies like Ripple profits for at least 50 years and no corporate income taxes.

Ripple Buys $46 Million XRP to Support ‘Healthy Markets’

The United States – Before 2020 ends, Ripple decided to buy $46 million XRP for the first time, despite owning nearly half of the currency’s supply. According to Ripple executives, this purchase aims to support “healthy markets” and attract more investors. A Ripple spokesperson confirmed that the company would continue to purchase XRP to support new projects, including the On-Demand Liquidity (ODL). The ODL solution utilizes XRP for fund transfers.

Although Bitcoin has the strongest correlation with other cryptocurrency assets, XRP has managed to bounce back and take off higher. Ripple believes that purchasing the $46 million XRP can help the digital asset and lean towards XRP’s dull price.

According to the executives, the $46 million can help Ripple’s new product, Line of Credit, in attracting more customers to buy XRP on credit. With this strategy, it is clear that Ripple is building new ODL capabilities to use XRP liquidity in long-term use dynamically.

Despite holding nearly half of XRP’s supply, Ripple still actively works to bridge cross-border payments and help more global banks in different countries. Despite the coronavirus pandemic, Ripple has impressively maintained its stance on programmatic sales and did sell XRP very well.

This fourth most valuable cryptocurrency has indeed experienced huge transactions this 2020. Large investors are keenly rushing to purchase the undervalued crypto. Thousands of people believe that Ripple’s XRP will surely become better than Ethereum and Bitcoin in 2021.

Since Ripple plays dual roles, it is cheaper and faster than other altcoins as a currency and a payment platform. Unlike its crypto rival, Bitcoin, Ripple has gained plenty of attention from the most prominent global banks, including Standard Chartered and Barclays, for cross-border transactions.

Last quarter, Ripple announced its new beta service called Lie of Credit, which allows more customers to purchase XRP on credit directly from Ripple. With this project, more customers can use this digital asset and accelerate their business performances and scales. Line of Credit aims to reach new customers and enter new markets. According to Ripple, ODL customers have piloted this project, and the initial reviews are overwhelmingly positive.

With the latest “Line of Credit” beta service, Ripple will start buying XRP to reduce supply. Many in the community worries about oversupply that might lead to poor price performance throughout 2021. However, Ripple assured that they will prevent it from happening and will continue to support healthy markets.

Ripple’s XRP Could Surpass Bitcoin in 2021

United States – Although the cryptocurrency market is slowly moving due to the coronavirus pandemic, Ripple’s XRP has still sustained the uptrend. The world saw XRP’s comeback in September when the government started to reopen the economy. Following its impressive weeks, where XRP achieved a new yearly high, many critics claim that this digital asset can outperform Bitcoin in 2021.

Everyone knows that Ripple ad Bitcoin and two of the most prominent cryptocurrencies in this decade. Though Bitcoin has been known for international bank payments, Ripple outperformed it in peer-to-peer payments and cross-border money transfers. More people from different countries prefer Ripple’s XRP since it is cheaper and faster than Bitcoin and other banks.

Indeed, Ripple is more affordable and accessible to people who want to move money around internationally. Bank transactions are often costly since the funds pass through various intermediaries. On the other hand, Ripple transactions cost cheaper and only cost at an average of $.0001 or 1/100th of a penny.

Regarding Bitcoin, the transaction fees usually cost $0.50, which is higher than Ripple. During these trying times, Bitcoin’s average fees have gotten as high as $55.16 per transaction.

Regarding the transaction speed, Ripple is also the winner. This year, Bitcoin transactions take about ten minutes, while Ripple’s only takes a minute or less. Again, Ripple has shown more convenience to its customers. When it comes to price, Ripple has over 100 billion XRP, while Bitcoin only has 21 million BTC. This situation means that XRP’s market capitalization spreads 4,761.9 faster than BTC.

XRP’s low price is more appealing to investors since it offers more room to grow than BTC. Although Bitcoin has a better decentralization, Ripple performs better in terms of speed and affordability. With Ripple’s XRP, more people can move money across borders quicker and cheaper. The company also shows a promising future in the years to come.

Many crypto enthusiasts have strong beliefs that Ripple can outperform Bitcoin in 2021. Currently, many startups are developing systems that can help people use XRP in transferring funds.

Additionally, more banking institutions, such as the Japan Consortium Banks, adopt Ripple’s payment technology to offer Blockchain-based solutions. Recently, Ripple confirmed that some Gulf banks in Saudi Arabia and the UAE had adopted its system to support cross-border payment transfers in the Middle East.

Indeed, Ripple is not an average currency. It offers something unique to other altcoins. It is vital to understand Ripple’s capabilities since it presents a solid investment opportunity for different companies worldwide.

Ripple’s XRP Just Reached Its Pivotal Level

United States – Ripple’s XRP sets to close the October month, with over 25% gains in volume. Ripple’s latest announcement has boosted the digital asset price and other cryptocurrencies, including Chainlink, Litecoin, and Ethereum. The XRP price surged after tons of massive XRP transactions worth over $100 million. The company has seen a strong rebound this month that executives have revealed some gains.

Despite seeing a difficult climb during the coronavirus pandemic, Ripple’s XRP remains to excel at almost $0.30, despite its competitors’ strength across the aggregated market. As XRP continues its journey towards $0.30, it seems that some altcoins are striving to catch up. Bitcoin runs closely to its critical resistance level, and Ethereum has boosted its price by 3%.

Currently, XRP is trading around $0.25, which is 5% higher than its original price last October 1. According to critics, this price is slightly positive for the embattled token holders.

Ripple executives assure the public that they are engaging in new efforts to drive better utility to the token. There is also a strong possibility that it will come closer to other altcoins’ values. One analyst explained that although Ripple’s XRP is progressing slower than Bitcoin, there is a strong chance that it will soon reverse and reach a pivotal point.

Thanks to the overall market strength, Ripple’s XRP has managed to recover from the economic crisis due to the coronavirus pandemic and cracked its pivotal level, turning it into a support level. Furthermore, the increased XRP adoption is getting more fulfilled with increased acceptance due to Ripple’s marketing strategies in partnering with leading global banks.

Although Ripple has faced tons of obstacles this 2020, the company remains encouraged in developing innovations. Ripple’s CTO, Schwartz, commented on JPMorgan’s official launch that XRP aims to serve as an instrument to boost and enhance international payment capabilities.

Ripple’s XRP and other cryptocurrencies have been braced for volatility this 2020. However, the digital asset is about to reach its price target for this year. Although XRP slipped sharply last April, buyers still strived to wrest back control and push the price up again. It may not all be sunshine and roses for the buyers and traders, but its chart is an excellent signal that Ripple’s XRP will surely exceed its pivotal level.

For most of the pandemic, Ripple’s XRP remained competitive in the crypto industry. Although it led the company to decouple for weeks, XRP’s uphill climb increases the belief that this digital asset will hedge against inflation’s tidal wave.

Ripple XRP Volume Increased by Over 10% This 2020

United States – Sine the world is walking closer at the end of 2020, cryptocurrencies worldwide are striving to hit their highest points. One of the most successful digital assets that hit the highest is Ripple, which reached its all-time high of $3.65. With the year drawing to an end, many critics predicted that XRP’s price would go even higher by December 2020. This prediction caused many investors to buy more tokens and trust Ripple.

According to the recent report, the average daily XRP volume has increased by more than 107% in the third quarter. The total XRP revenue for the second quarter is $35.85 million, and it increased by more than 10% this month.

Currently, the average daily XRP volume increased to $403.58 million in Q3 from $196.28 million in Q2, which is great news for the XRP holders and investors. Thanks to Ripple’s new payment solution called the On-Demand Liquidity (ODL), the San Francisco-based firm earned a significant increase in network usage.

Furthermore, Ripple also revealed that the total XRP sales net is now at $35.84 million, which is way higher than last year’s $32.55 million. The company stated that they remain focused on over-the-counter leases and sales to provide sufficient liquidity to certain ODL customers. Since Ripple has now earned 3 billion XRP, they returned the 2.4 billion to the escrow account.

According to Ripple’s executives, they will freeze 55 billion XRP in escrow and release one billion XRP every month. Although this measure received some backlashes, it still resulted in XRP’s excellent performance this 2020.

A report states that Ripple is one of the most productive digital assets that made gains between 5% and 14%. Therefore, some critics are warning Bitcoin to overcome its resistance area near $12,000. Although Bitcoin has doubled its price this year, finding support from the investors is still difficult.

Unlike Bitcoin, XRP has proven its extreme resilience and come to the fore during the pandemic. Ripple’s representatives stated that they would continue to help customers raise capital on demand and soon expand the company’s services to other markets and customers in different countries.

For healthy market growth, Ripple has been repurchasing large quantities of XRP. According to the executives, this strategy helps the company promote adaptation and growth and continuously stimulate the market.

More investors are getting interested in Ripple’s XRP due to its lower fees and faster transaction times for arbitrage trading. According to experts, this digital asset will soon become the fastest and more efficient cryptocurrency than Bitcoin and Ethereum.

XRP Accumulation Builds Enormous Breakout Against Bitcoin

United States – Ripple’s XRP and Bitcoin are two of the most trusted cryptocurrencies in the United States. Although XRP has barely increased in the few months, this digital asset has received more hype than Bitcoin.

While Bitcoin remains a digital currency for purchasing goods and services, Ripple improves its service as currency exchange, remittance system, and payment settling. Ripple’s mission is to provide a better and more convenient system for direct transfer of assets, such as money and gold, almost real-time.

According to the recent report, Ripple whale continues to accumulate large XRP supplies while XRP is bleeding out against BTC. It is hard to imagine Bitcoin when it is currently falling, but sometimes, there’s something more behind the scenes that the company plans for a massive move and change.

At the time of writing, Ripple has spent almost three years staying behind Bitcoin. Since mid-2019, XRP has done a lower trade while grinding lower. The silent XRP accumulation of whales matches the same scenario as Bitcoin did before its most recent breakout. Tons of whale-sized BTC wallets continuously increased until the supply was not enough to go around. Now, it could be Ripple’s turn.

According to some reports, one million or more Ripple XRP wallets have increased by at least 20%, while wallets with over ten million grew by 10%. With these percentages, prices rapidly increased, and thousands of investors worldwide tried to catch the breakout. When Ripple’s XRP broke out, the moves became very substantial, and the digital asset outperformed Bitcoin.

In the past few weeks, the public saw a sharp increase in Ripple’s resistance area. XRP price surged above the $0.25 level and settled very well. Indeed, Ripple has carved out a reliable niche in hosting cross-border payment than Bitcoin.

One of the prominent companies that partnered with Ripple is American Express, which moves corporate funds between the United Kingdom and the United States through Ripple’s remittance system. Millions of people will continue to consider XRP since it erases the inconvenience of transferring money across borders.

Currently, Ripple is the most highly adopted cross-border transfer payments. It enables customers to settle, clear, and message fund transactions quickly, unlike PayPal and Swift.

Undoubtedly, Ripple has plenty of potential in expanding easier banking access through efficient cross-border transfers. Since millions of people are still relying on cash to purchase and sell goods and services, Ripple strives to give more banking access to the unbanked population. Since Ripple offers a more accessible platform, it continues to attract more investors and smart investment decisions.

Most Successful Bank in Singapore Starts Using Ripple (XRP)

United States – One of the largest banks in Singapore, the DBS Digital Exchange, will launch a crypto exchange platform that will accept different digital assets, including Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC).

According to the report, the news spread out after the publication of the exchange’s website that is immediately deleted. However, evidence has verified that the Monetary Authority of Singapore has allowed and will support the platform.

DBS is one of the most successful banks in Southeast Asia. Fortunately, its executives decided to launch a first-to-cryptocurrency exchange called DBS Digital Exchange that will allow users to trade Singaporean dollars, Japanese yen, US dollars, and Hong Kong dollars to BTC, BCH, XRP, and ETH. The company also claimed that this exchange would conduct security token offerings to help small and medium-sized firms raise funds.

DBS Digital Exchange will use its parent DBS Bank for the services for the customers’ funds. The company has deployed a DBS Digital Custody, an institutional-grade custody solution that can keep digital assets hidden and safe.

After this announcement, DBS’ spokesperson told the media that its digital exchange plans are still a work-in-progress. They are still doing plenty of research and have not received the required regulatory approvals. Until such time once the approvals are in place, DBS will keep the public updated.

Some critics revealed that the DBS Digital Exchange would be available to institutional investors directly, including the professional market makers and financial institutions. On the other hand, the retail investors can access the platform after registering as a DBS member in DBS Vickers Securities and DBS Private Bank.

The published DBS website claims that many banks, businesses, and businesses will back this digital exchange since it allows people to take advantage of an integrated ecosystem of solutions through faster and cheaper cryptocurrency transactions.

Since DBS is the most prominent commercial and retail bank in Singapore, its soft crypto/fiat trading exchange will surely attract more customers. With the DBS Digital Exchange, more people can process cross-border trading or payment quickly and cost-effectively.

By using the DBS Digital Exchange, investors can execute and confirm trades almost in real-time. This project’s main long-term goal is to convince other banks that cryptocurrencies are some of the new financial resources people need to take advantage of every day. Through this latest DBS investment, the banking system will experience further strength, especially in partnership with tech companies, and accelerate their development of new functions and services.

Ripple’s XRP Approaches the Critical Resistance Level

United States – Ripple’s XRP has enjoyed a great start this October. Last Monday, October 19, the platform received a 2.3% increase at it move towards the $0.255 level of resistance. Currently, Ripple’s XRP is the fourth-largest cryptocurrency behind Bitcoin, Ethereum, and Tether. It seems that this digital asset has risen from $0.242 to a high of $0.255, which is much closer now to bitcoin. If XRP continuously cracks this level, it can jump up to 15%.

Furthermore, the accounts that hold over one million XRP has increased in the past months. Most investors currently hold between $240,000 and $2.4 million in XRP each, which brought a significant increase and upward pressure on XRP’s price. After fairly uninspiring weeks, this digital asset has seen an excellent price rise, and investors with deep pockets believe that its price will continue to rise.

There may not be an obvious strategy behind XRP’s massive increase, but its reliability for cross-border payments surely helped. According to Ripple’s CTO, David Schwartz, any investors turn to Ripple’s XRP as a direct response to the post-pandemic inflation threats. Some people believed that the world would experience hyperinflation, forcing investors to bet on gold and digital asset safely.

Since 2019, Ripple has teamed up with many reputable banks in different parts of the world and merge their services. This company offers a premium and convenient experience to retail cryptocurrency investors, especially in the United States and the United Kingdom.

Ripple’s sudden gains have indeed brought a notable crypto asset to the industry. According to Coinmarketcap, Ripple’s XRP has seen a price rise in the last 14 days. Also, XRP stands very closely to Tether, making Ripple more committed to becoming the third most valuable crypto asset.

Consequently, wallets holding one to ten million XRP has been steadily increasing. Many institutions and companies have joined the platform, representing many percentages in a short period. Since Ripple’s XRP feature quicker and cheaper transactions, many people believe that this digital asset can be a reliable and long-term viable business model. It provides tangible services, including cross-border payments, that are essential in the world’s current situation.

Like Ethereum, XRP’s price will continuously ascend over the next months. While many whales have been loading up on this digital asset, the demand will still increase and reflect its prices. Despite some ambiguity that XRP presented last year, its market value still favours the industry.