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RippleNet Home: Ripple Introduces Revolutionary Product for Connecting Its Clients

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Fri, 11/08/2019 - 05:55
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  • Ripple customers now can seamlessly interact with each other with the help of RippleNet Home

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Cryptocurrency behemoth Ripple has unveiled a new product called "RippleNet Home," which will allow its customers to connect and partner with each other.

According to the presentation, which was shown during this year's SWELL conference, RippleNet Home will allow companies to get insights about their payment flows and performance in real-time. Thus, it allows businesses to improve their capabilities and expand their presence in different markets around the globe.

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The platform is useful for evaluating the size of the market and instantly finding the most suitable partners for the company's business growth. After performing due diligence, one can send a request and get connected. 

By teaming up with each other, RippleNet members can enjoy low rates and instant settlement via Ripple's On-Demand Liquidity (ODL) service. 

As reported by U.Today, RippleNet now has more than 300 members with "two dozen" of them using ODL for conducting cross-border payments with the help of XRP. 

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Ripple CEO Brad Garlinghouse claimed that 2019 was the strongest year for the company. However, that certainly doesn't pertain to XRP. The company's native token remains under selling pressure even during the much-anticipated conference, currently changing hands at $0.283.       

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Sun, 03/29/2020 - 18:25
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  • The Bitcoin (BTC) price has an infinitesimal chance of reaching a new all-time high, according to options market data

Cover image via U.Today
Contents

The coronavirus crisis might be the perfect storm for Bitcoin (BTC), but options traders believe that it will fail to make a ripple.      

The price of the flagship cryptocurrency has a tiny four percent chance of surpassing its current all-time high of $20,000 by Dec. 25, according to cryptocurrency derivatives data provider Skew.

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No post-halving rally   

Options allow traders to buy or sell an asset at a certain date in the future. Hence, this market can give a hint about Bitcoin's price action throughout the year. 

Bitcoin's third halving is expected to happen on May 13, which is why many bulls expect the BTC price to skyrocket in 2020. However, an overwhelming majority of options traders think that BTC is going to trade below $10,000 in December, meaning that the leading cryptocurrency is not every likely to reach a new yearly high. 

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The halving might be 'overrated' 

Bitcoin's mining reward cuts have been historically connected to its massive rallies. However, there is also plenty of skeptics who think that another bull run is not going to happen this time. 

As reported by U.Today, trading veteran Peter Brandt called the halving 'grossly overrated' since it results only in a 'chump change' of Bitcoin's supply.   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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