Rumor: Coinbase and Ripple May Start Partnership at Recent Global Blockchain Event

A hot new rumor has surfaced in the crypto world after the OECD Global Blockchain Policy Forum, which happened in Paris this week. After a recent discussion in this forum, several people in the industry are commenting on a possible partnership between Ripple and Coinbase.

The Daily Hodl has reported on this story and affirms that it all started during the speech of Breanne Madigan, who works as the head of the global markets team at Ripple. She was participating on the panel about digital finances and talking about the solutions of the company.

Madigan talked about the famous solution, xRapid, and used Coinbase as an example of the kind of company that would benefit from using this technology. Her example was that someone could send money from the U. S. to Mexico easily using the system because of a recent partnership that Ripple made with MoneyGram.

The dollars would be sent via the company, which would swap them for XRP, send it to another exchange in Mexico, which would swap it into Mexican pesos. This could bring several benefits.

She also talked about how Ripple is invested in having enough liquidity to take xRapid to other payment corridors as well. This would scale the product and make it even more efficient. One part of her speech stands out:

“We’ve been strategically partnering with a number of market makers around how we establish contracts and incentives for people to want to engage.”

This means that the company is focused on these partnerships with special companies to get more liquidity and a larger market share. Coinbase, an example that was given during the speech, is a great partner for this move.

Because of this, people all over social media started to speculate. The Daily Hodl cites the XRP Research Center, a pro-XRP profile, which talks about how a partnership is very possible. Should we give some credit to this rumor? It’s hard to say for now.

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Author: Hank Klinger

Ripple Rumor: MoneyGram and Visa’s New P2P Debit Card May Use XRP Based On Past Partnership

A very interesting rumor has surfaced in the crypto world this week. MoneyGram has recently announced a partnership with Visa to create a new P2P debit card. Now, the XRP community believes that XRP tokens may be involved in this deal.

The official press release affirms that this new P2P system will be used for money transfers in the U. S. People will be able to send money domestically using the app, which will use Visa Direct.

Visa Direct is a platform that is being used by Visa for payments all over the world. According to Alex Holmes, the chief of MoneyGram, the company is always focused on creating the best experiences and to empower its users to send money to family and friends.

The Rumors About the XRP Use

As you may know, MoneyGram was recently acquired by Ripple. This prompted several people on the internet to believe that the new debit card service may use XRP tokens as a way to transfer money. This would, according to the community, be a huge boost for the popularity of the crypto asset.

XRP tokens are very good for quick international transactions, so the community is betting that the service will be used for international payments when the service finally startds to be used outside of the U. S.

Obviously, many people still doubt this theory and so should you. Despite how quickly this rumor grew in the XRP community, there is absolutely no real indication that the whole theory is true. We’ll still have to wait for a long time before we can be certain that XRP will indeed be used in this new product.

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Author: Gabriel Machado

Bitcoin Price to Sell the Bakkt Event and Finally Drop to $8,000?

  • If Bitcoin Breaks Down Here, will Fell to $8,700s
  • “Buy the rumor, sell the news”

Since dropping to nearly $9,300 level yesterday, Bitcoin is back above $9,500.

August has resulted in a red month. However, despite seeing $9,150 this month, Bitcoin is down by just 2.63% from where it started in August.

BTC/USD is still up by 158% in 2019 till date.

Currently, the leading cryptocurrency is trading at $9,600 with 24 hours gains of 1.32% while managing the daily trading volume of $630 million, which has slid down from yesterday’s over $1 billion, as per Messari.

Source: Coin360

Though the flagship cryptocurrency is back in the green and above $9,500, the pain is not over yet.

According to analysts and traders on Crypto Twitter, another drop is coming very soon.

“Here comes the little pump above hunting for some stops and trapping people. Should follow by long upper wick and drop,”

said analyst, The Cryptomist.

If Bitcoin Breaks Down Here, will Fell to $8,700s

Market analyst and trader Benjamin Blunts see the flagship cryptocurrency hitting $9,100 in the coming days before jumping back to $10,000 level.

Crypto trader and investor Josh Rager, however, says if Bitcoin takes a fall here, we are going to $8,700.

“Currently holding above the previous low on the daily close but if price breaks down it’s going to $8,7ks,”

Rager said.

Once we hit this level, Bitcoin he says will head to $8,000 but given the fact that everyone is expecting this level, Bitcoin will either bounce before this or will go through it.

In order to turn bullish, Rager says Bitcoin needs a break back above $10,100 level.

“Buy the Rumor, Sell the News”

Trader Johnny Moe shares the same sentiments but sees a deeper fall in the future.

According to the chart shared by him with the caption, “sell the event?” Bitcoin could drop to $7,700 level with Bakkt launch on September 23 further triggering the drop.

On August 16, the day Bakkt announce the date for the launch of its physically delivered daily and monthly Bitcoin futures contracts, Bitcoin price went from around $9,800 to $10,500, seeing a surge of more than 7%.

Bakkt is big news for the cryptocurrency market for obvious reasons — being the first one to offer physically delivered bitcoin futures on a regulated platform and a nod from the NYDFS to operate as a trust means the possibility for a variety of financial products and heightened institutional interest.

However, a spike might not happen when Bakkt finally goes live with Bitcoin futures as the crypto market tends to follow,

“buy the rumor, sell the news.”

By the usual market movement to news and developments, it could be expected that Bitcoin will finally see that $8,000 in the coming weeks.

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Author: AnTy