JPMorgan Chase’s Cryptocurrency: Is It A Gimmick Or The Real Deal?

JPMorgan Chase's Cryptocurrency: Is It A Gimmick Or The Real Deal?

By Investing.com (Tanzeel Akhtar/Investing.com)

<
JP Morgan logo is seen on an android mobile phone. Photo credit: LightRocket via Getty Images GETTY

The announcement last week by JPMorgan Chase & Co (NYSE:JPM), that it plans to launch its own digital token, JPM Coin, caused ripples throughout the blockchain and cryptocurrency space. It's an unexpected development from an unlikely issuer. It's also the first cryptocurrency to be launched by a major global bank.

The bank is characterizing the introduction of this alt-currency as a pilot project aimed at institutional clients. According to JPMorgan, it will enable "instant" fund transfers and will allow both clients and the lender to settle payments over a blockchain network.

What makes this particularly startling are previous statements by JPM's CEO Jamie Dimon who famously bashed Bitcoin more than once. In late 2017 he referred to the most popular cryptocurrency by market cap as a "fraud," and compared the drivers of its then-rapidly-rising price to the mania that in the 1630s drove Dutch tulip bulb speculation.

In late 2018, even after the speculative Bitcoin bubble had burst, he denigrated the asset, saying, "blockchain is real, it's technology, but Bitcoin is not the same as a fiat currency." By those measures, JPM Coin appears to be something of a hybrid: it's based on blockchain technology and will be pegged 1:1 to a fiat currency, the U.S. dollar, which makes it a stablecoin, similar to Tether or TrueUSD.

JPM Coin is a very positive development for the asset class and the industry says En Hui Ong, head of business development at blockchain technology platform, Zilliqa. It demonstrates how blockchain can improve the way legacy payments are handled.

Don't Call It Cryptocurrency

However, he adds, it shouldn't be viewed as a cryptocurrency. Rather, it can best be described as a “digital asset.”

“JPM Coin will be built on Quorum, a distributed ledger platform described as an “enterprise-focused,” private version of Ethereum. As Quorum was developed by JP Morgan and some of its partners, the network will be controlled by the bank itself, rendering it both centralized and permissioned, therefore implying that any participants have to be vetted in order to join the system.

Contrast this with other cryptocurrencies such as Bitcoin and Ethereum where anyone located anywhere can spin up a node and join the system without permission.”

These restrictions mean only a small number of participants will likely able to join the network. Information from the bank, says Ong, indicates that JPM Coin is a prototype being tested by a restricted number of institutional clients. Though JPMorgan plans to expand the pilot program later this year, there are no plans to offer the cryptocurrency service to retail clients.

In contrast, true cryptocurrencies are available to anyone, notes Ong. All one has to do is to set up a wallet in which to store it. Nevertheless says Ong:

“Despite its differences from cryptocurrencies, the launch of JPM Coin and the participation of a major financial institution lends greater legitimacy to the wider blockchain industry as a whole."

Angelo Laub EOS lead at private data computation and data marketplace Slant agrees with Ong:

“The only users of JP Morgan coin are likely to be JP Morgan and their clients. I can’t even see other banks wanting to use it as it will make them reliant on JP Morgan Bank for processing transactions. Still, it’s a big step for a bank to go ahead and do something like that. This concept would have been unthinkable one or two years ago.“

Others don't see this development as particularly notable. Marcel Vaschauner, Chairman of Slant's board,argues that JPM Coin—which is issued by the bank and linked to the funds of the customer using it—most closely resembles a European digital payment instrument called e-money. He says it's a concept that's already widely used by Fintechs.

Still, because of Dimon's past criticism of cryptocurrencies, some within the industry can't help but appreciate the irony even if he's not convinced about the coin itself. Pedro Anderson, COO and co-founder of Winding Tree says:

“JPM Coin is great validation [of the asset class]. We'll take it. However, the entire case for the coin is built on trusting JPM—that they'll make everything right if they are in control because…they have a lot of money.”

Crossing the Chasm?

Ned Myers, senior vice president of Product Management at AlphaPoint, believes JP Morgan’s entrance into the digital asset space is another clear sign that the security token industry is rapidly “crossing the chasm,” to cite Jeffrey Moore, moving from early adoption to mainstream acceptance.

“Combined with other announcements from Fidelity and ICE’s BAKKT’s announced entry into the digital asset exchange space…we see JPM’s move as a clear harbinger that the use of digital assets by traditional financial institutions has arrived. I am looking forward to the tipping point, in which tokenized securities become the de facto standard for unlocking market liquidity.”

Others, however, would argue this nothing more than an advertising stunt. Vaibhav Kadikar, founder and CEO of, CloseCross believes JPM Coin, though billed as a cryptocurrency, is seen by critics as a self-promotional gimmick with little in the way of real value.

“The pioneering bank is relying on both its dominant market share, with 80% of Fortune 500 companies as clients, and other banks imitating this strategy, to drive increased adoption."

Original article posted on Investing.com.

Posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Crypto Mixed Elon Musk Endorses Bitcoin

Crypto Mixed; Elon Musk Endorses Bitcoin

Investing.com Feb 19, 2019 11:24PM ET


Image © Reuters

Investing.com – Prices of major digital coins were mixed in Asia on Wednesday without a directional mover, but Tesla (NASDAQ:TSLA) CEO Elon Musk saying Bitcoin is “brilliant” and “paper money is going away” created some buzz in the crypto space.

On Tuesday in an interview on advisory services firm ARK Invest’s podcast, Musk said “Bitcoin’s structure is quite brilliant” and digital currency is “a far better way to transfer value than pieces of paper.”

But he also noted that “one of the downsides of crypto is that computationally it is quite energy intensive.”

Musk tweeted about Bitcoin last year, prompting many to wonder if his electric car company would have crypto-related plans. But Musk clarified that it would not be a good use of the resources of his company to get into this area.

The crypto space remained fairly quiet on Wednesday morning. Bitcoin was only up 0.79% to $3,916.9 by 11:02 PM ET (04:02?GMT).

Ethereum slid 2.47% to $142.85, while XRP slightly added 0.82% to $0.32542 and Litecoin gained 0.38% to $47.525.

The market capitalization of all cryptocurrencies rose further to $133.4 billion from $120 billion last Friday.

Meanwhile, JPMorgan’s launch of its own digital token JPM coin could change the banks’ approach to blockchain and crypto, according to CNN. Param Vir Singh, a professor of business technologies at Carnegie Mellon University, told CNN that “more banks will take [crypto] seriously” as JPMorgan’s move could force other banks to follow suit.

Last week, the news of JPM coin shook the crypto industry as the investment bank’s CEO Jamie Dimon once called Bitcoin a “fraud”. The move signified a shift in the U.K. bank’s approach to crypto.

Article written by and posted on the Investing.com website.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Is JPM Coin A Serious Threat To Ripple?

Is JPM Coin A Serious Threat To Ripple?

Frances Coppola, Senior Contributor
Banking & Insurance
I write about banking, finance and economics.

On February 14, the giant bank J.P. Morgan announced plans to issue its own digital “coin," to run on its in-house Quorum blockchain. The coin will be pegged 1:1 to the U.S. dollar, with J.P. Morgan using the considerable heft of its balance sheet to guarantee the peg, so will not suffer the wild fluctuations in value that can make cryptocurrencies unreliable for payments. It is thus what in the crypto world is known as a “stablecoin”, not a cryptocurrency – a digital token that represents a fiat currency.

Exactly what impact “JPMCoin” will have on the cryptocurrency landscape is unclear. Opinion is divided between those who think that JPMCoin is a serious threat to Ripple and, to a lesser extent, Bitcoin and Ethereum, and those who think it is a non-event. Who is right?

<
JP Morgan logo is seen on an android mobile phone. Photo credit: LightRocket via Getty Images GETTY

Well, it all depends how the coin is used, and who uses it. In a useful Q&A, Umar Farooq, J.P. Morgan’s head of Digital Treasury Services and Blockchain, explains how J.P. Morgan’s customers would use the coin:

"When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of U.S. dollars, reducing the typical settlement time."

This sounds much like Ripple’s xRapid, which uses the cryptocurrency XRP as a bridging currency. To send money using xRapid, a customer exchanges fiat currency for XRP, the XRP is transferred, then the recipient redeems the XRP for fiat currency. The difference is, of course, that XRP is not a stablecoin. It is a traded instrument whose price can – and does – fluctuate widely. In today’s fast FX markets, the price can change even in the 3-4 seconds that it takes to execute the payment. J.P. Morgan is clearly promoting its coin as having exchange rate stability that XRP, like other traded coins such as Bitcoin and Ethereum, does not have. So is J.P.Morgan trying to kill xRapid?

It’s not immediately apparent that this is its goal. Firstly, JPMCoin will – at least to start with – only be used for payments entirely in U.S. dollars, unlike xRapid which can handle multiple currencies and cross-currency payments. Secondly, JPMCoin is – again to start with – only available to J.P. Morgan’s institutional clients. They can use the coin to send money between themselves, but not to retail customers or to non-customers. It’s thus a very limited enhancement to J.P. Morgan’s in-house payment rails.

This tends to support the argument that JPMCoin is merely marketing hype. After all, payments between J.P. Morgan’s customers are really only transfers across its own books. It seems a bit sad that cash-strapped IT departments have to say "look, it's blockchain" to persuade board directors to throw some money at settlement plumbing, always a pariah compared to fancy front-office systems. But from the point of view of J.P. Morgan’s customers, this is simply a long overdue improvement to the bank’s extremely expensive and very clunky cross-border payments systems. As Farooq observes (quoted in CoinTelegraph), this could be particularly beneficial for a large institutional client with overseas subsidiaries, which at present can only move money around its organization using external payment rails:

"Money sloshes back and forth all over the world in a large enterprise. Is there a way to ensure that a subsidiary can represent cash on the balance sheet without having to actually wire it to the unit? That way, they can consolidate their money and probably get better rates for it."

It's completely ridiculous that customers of J.P. Morgan have to use SWIFT and Fedwire to move money around within their own organizations. J.P.Morgan should have sorted this out long ago. As should other major banks.

Nevertheless, JPMCoin is a slap in the face for Ripple. Brad Garlinghouse, Ripple’s CEO, is on record as saying he expects “major banks” to adopt xRapid, along with the XRP token, in 2019. Now, J.P. Morgan – unquestionably a major bank – has told Ripple “no way are we using xRapid or XRP.” And it doesn’t mean only for internal transfers. The bank’s Q&A says it intends its coin eventually to be used for payments in multiple currencies and across other blockchains. That would make it a solution for cross-currency payments to non-customers – exactly the market that Ripple is aiming for.

Even if the coin remained limited to J.P. Morgan’s institutional clients, JPMCoin would still threaten Ripple’s plans. According to J.P. Morgan’s Farooq, “pretty much every big corporation is our client, and most of the major banks in the world are too.” The U.S. dollar is used for the majority of global transactions. If JPMCoin can corner the market in U.S. dollar transactions between most of the world’s large corporations and major banks, where does that leave Ripple?

Even before JPMCoin hit the news media, Ripple's plans to recruit major banks looked over-optimistic to the point of incredulity. Major banks currently control international payments. Why would they hand that privilege over to a third party, when they could develop their own blockchain-based payments network? And the need for such a network to facilitate payments between customers of different banks is no obstacle. Banks will cooperate when it is in their interests to do so. Indeed, that is how SWIFT came to be, and the FX bank CLS, and in the UK, the LINK network of ATMs. So it's entirely possible that banks might cooperate to create their own blockchain-based international payments network. In a particularly nasty twist of the knife, the major banks could even use Ripple's own innovation.

Ending Ripple’s dreams of world domination, and those of other digital coin issuers, might therefore be exactly what J.P. Morgan has in mind. It will be interesting to see how this little stand-off develops.

Original article written by Frances Coppola and posted on the Forbes.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Multi-Billion-Dollar Store Domino’s Pizza Now Accepts Bitcoin

Multi-Billion-Dollar Store, Domino’s Pizza Now Accepts Bitcoin

by Dalmas Ngetich – February 14, 2019

Well, Bitcoin hodling just got harder, you can now buy your favorite pizza from Domino’s Pizza via the Lightning Network while enjoying negligible fees. What’s more? Transaction settles in less than 30 seconds—which is near instantaneous if you ask me—and delivery time is within 30 minutes from anywhere in the US.

While there are no details on whether Bitcoins are accepted in all of their 13,811 stores spread out across the globe including China, there is no doubt that Bitcoin, Lightning Network and general adoption is gaining traction.

For starters, Domino’s Pizza is a public company with shares traded at the world’s second largest stock operator by market cap, NYSE as DPZ. The company revenue by financial year 2017 stood at $2.47 billion translating to $214.68 million in profits. Domino’s Pizza now joins Paragliding of Switzerland, Nanotorch, Spendl, Vape Store and Pollo Feed in a long list of merchants experimenting with the future of money.

Why Lightning Network

Although there is furore on how and why the Lightning Network (LN) operates, it is the next thing close to Bitcoin scaling. On their homepage, LN proponents say the off-chain platform guarantees instant transactions while simultaneously scaling the notoriously hard to “scale” public blockchain.

Elizabeth Stark’s developed solution bring forth instant payments without a worry of block confirmation times because “security is enforced by blockchain smart-contracts without creating an on-blockchain transaction for individual payments.”

Besides, the network is designed for speed, eliminating bottlenecks and can as a result process millions if not billions of transactions per second “blowing away legacy payment rails by many orders of magnitude.” Speed and scalability have a causative effect, slashing down costs and allowing one to pay for Pizza without worrying about high fees.

LN Capacity is Swelling

Through these properties, it is not hard to see why the LN has grown by leaps and bounds even while in Beta.

Statistics indicate that the network’s nodes are up 15.23 percent to 6,242 boosting the number of opened channels to 25,841—up 30.9 percent. Network’s capacity is up 36 percent to 673.85 BTC meaning LN can process $2.4 million worth of transactions.

These possibilities alone present an opportunity for one of the many investors in Lightning Labs including Jack Dorsey. The entrepreneur is behind Twitter and Square-both are multi-billion business tradable in leading American Exchange. In a Stephan Livera hosted podcast, he revealed that Cash App will soon integrate LN:

“We would love to make [Bitcoin] as fast and efficient and transactional as possible, and that includes looking at our seller base and register. It’s not an ‘if;’ it’s more of a ‘when’ – how do we make sure that we’re getting the speed that we need and the efficiency?”

Original article written by Dalmas Ngetich and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

‘Forbes’ Launches Blockchain Newsletter Aimed At Potential Crypto Investors

'Forbes' Launches Blockchain Newsletter Aimed At Potential Crypto Investors

by Melynda Fuller , February 13, 2019

Earlier this year, Forbes began to send a new premium-subscription digital newsletter called Forbes CryptoAsset & Blockchain to select Forbes customers with the intent of deepening its blockchain coverage and further establishing itself as a voice in the field.

The newsletter is edited by Jack Tatar, an investor and co-author of “CryptoAssets: The Innovative Investor’s Guide to Bitcoin and Beyond.”

Forbes’ stable of journalists will contribute to the monthly publication, interviewing notables from the field like Ripple’s CTO David Schwartz, cofounder and CEO of Zcash Zooko Wilcox, and Morgan Creek Capital’s Mark Yusko.

The newsletter costs $595 a year or $195 a quarter, and is not supported by advertising.

“This newsletter is geared toward educating potential investors in blockchain and crypto, and the goal is to provide actionable and profitable advice,” Matt Schifrin, vice president and managing editor of Money & Markets at Forbes, told Publishers Daily.

“It builds upon Forbes’ broader coverage that covers news, technology insights, crypto game changers, enterprise blockchain and issues important to crypto traders.”

According to Schifrin, Forbes began to establish itself as a leading voice in crypto and blockchain when it launched its first annual Fintech 50 list in 2015. Last year, the outlet hired enterprise blockchain reporter Michael del Castillo to join its budding group of writers covering the beat.

In the coming months, said Schifrin, the outlet will publish its first-ever Forbes Blockchain 50 list that covers the most important companies in the space.

Schifrin said. “As crypto-mania subsides, we believe many of the biggest advances in blockchain technology will come from enterprises that have been quietly embracing this nascent technology.”

Nina La France, senior vice president of consumer marketing and business development at Forbes, reports that early engagement with the first issue is high and retention among the first batch of subscribers is solid. Soon, Forbes will roll out marketing campaigns across email, social, webinars, Forbes.com and the magazine to attract new newsletter subscribers.

Original article written by Melynda Fuller and posted on the MediaPost.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Free Money Didn’t Help People Find Jobs Finland Says

Free Money Didn’t Help People Find Jobs, Finland Says

By Kati Pohjanpalo
February 8, 2019, 1:47 AM EST Updated on February 8, 2019, 4:24 AM EST

Distributing free money to the unemployed improves their well-being, but doesn’t appear to have any significant impact on their job prospects.

That’s according to the preliminary results of a landmark experiment in Finland, the first country in the world to trial a basic income at a national level.

The Nordic social welfare champion spent the last two years handing out 560 euros ($635) per month to a randomly selected group of 2,000 jobless people aged between 25 and 58. The basic aim was to explore new ways of distributing social security in a world where more workers are threatened by automation and fewer are likely to take on traditional nine-to-five jobs. The current system is seen as too bureaucratic and often dissuades people from taking on temporary or part-time work.

According to a preliminary assessment published on Friday by the social services agency Kela, the recipients of the monthly stipend spent on average about half a day more in employment per year than the control group.

“On the basis of an analysis of register data on an annual level, we can say that during the first year of the experiment the recipients of a basic income were no better or worse than the control group at finding employment in the open labor market,” said Ohto Kanninen, Research Coordinator at the Labour Institute for Economic Research.

The recipients did however report “less stress symptoms as well as less difficulties to concentrate and less health problems than the control group,” said Minna Ylikanno, lead researcher at Kela. “They were also more confident in their future and in their ability to influence societal issues.”

Feeling Better

Self-perceived assessment of own state of health was better among recipients

Old Debate

Kela’s results are set to add fodder to a debate that’s been intriguing political philosophers and economists for centuries: What happens when citizens are given money with no strings attached?

Against the background of a global discussion on how to deal with rising inequality, the pilot project has attracted international attention and is being closely watched by economists, sociologists and billionaires including Mark Zuckerberg and Elon Musk.

Read more on the history of a Universal Basic Income

The idea of a basic income as a replacement for means-tested welfare payments has its share of supporters on both the left and the right of the political spectrum. Advocates say it eliminates poverty traps and redistributes income while empowering the individual and reducing paperwork. The concept has inspired Italy’s populist government, which this week started honoring its election promise of a “citizen’s income” for the poor.

Read more on Italy’s Citizens Income

Other countries have taken different avenues, with the U.K. opting instead for a Universal Credit system that replaced six means-tested benefits and tax credits with a single monthly payment.

Finland’s experiment was implemented by the government of Juha Sipila, the country’s first millionaire prime minister, between 2017 and 2018.

Despite solid economic growth and falling unemployment, Finland suffers from an aging population. The country is seen as a trend-setter when it comes to social policy, with its education system and baby boxes (containers full of baby clothes and care products delivered to expectant mothers) admired around the world.

Useful Data

With its road-testing of a basic income, the government wanted to find out whether a basic income could simplify the social security system, eliminate excessive bureaucracy and remove incentive traps. Researchers at Kela also wanted to measure its impact on the participants’ physical and psychological well-being.

Olli Karkkainen, an economist at Nordea Bank Abp, found the results surprising.

“I had expected the basic income experiment to have a greater positive impact on employment because incentives for work were boosted so significantly,” he said in an interview.

Pirkko Mattila, Finland’s minister of social affairs and health, said that despite its success in providing useful data, “the basic income model developed for the experiment is not likely to be adopted as such for more extensive use.”

According to some estimates, a nationwide basic income would add around 5 percentage points to Finland’s public deficit relative to gross domestic product.

Friday’s preliminary results only looked at the first year and focused on statistical data, with a final report not due until 2020.

With assistance by Leo Laikola, and Brad Cook

Original article posted on Bloomberg.com and written by Kati Pohjanpalo

Posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

A Bitcoin ETF Will Eventually Be Approved SEC Commissioner Says

A Bitcoin ETF Will Eventually Be Approved. SEC Commissioner Says

Despite previous failed attempts by important players at registering a Bitcoin ETF, eventually, one will meet the security standards required by the SEC for approval. So said Robert Jackson, the only Democrat commissioner in the SEC.

In an interview shared on Twitter by Adjunct Professor at NYU Stern Drew Hinkes, Mr. Jackson was sure that in the near future there will be a Bitcoin ETF, but he stressed that until now all applications have failed to prove to the SEC that a Bitcoin ETF cannot be manipulated.

“Eventually, do I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so …
Getting the stamp of approval from the deepest and most liquid capital markets in the world is hard, and it should be. Once we make it available to everyday mom and pop investors, we are taking risks that Americans can get hurt.”

The interview, which could be officially published on February 11 according to Hinkes, features an optimistic but cautious Jackson. According to the commissioner, the previous applications showed important flaws in relation to liquidity protection, protection against manipulations, and various issues related to custody service among other legal aspects.

A Bitcoin ETF Can Be Difficult… But Not Impossible.

Mr Jackson cited as an example the proposal presented by the brothers Cameron and Tyler Winklevoss. This proposal raised several concerns regarding the possibility of market manipulation. He also pointed out that it was easy to find certain liquidity issues that made the approval of such proposal not very responsible:

“The case that we had last year involving the Winklevoss trust, in my view, was not a difficult case. So there you had a situation where the risk for manipulation and for people getting hurt was enormous. The liquidity issues in the market were very serious”

Although the extract shared by Hinkes does not reveal comments on other proposals, it could reveal Jackson’s optimism at the interest of various actors to promote this emerging market:

“I’m happy to say market participants have begun to come in with ideas. Whether or not we’re going to find one that really protects investors I don’t know, but I do know that case wasn’t especially close”.

For now, both NYSE and CBOE have begun the process of applying for approval of a Bitcoin ETF.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

4500 Stores Worldwide Now Accept XRP for Goods And Services

4500 Stores Worldwide Now Accept XRP for Goods And Services

Ripple keeps growing at a dizzying rate, demonstrating that they not only have the blockchain technology preferred by large banks and financial institutions, but they have also developed a token that works perfectly as a cryptocurrency that grows in use and acceptance faster than any other altcoin in the ecosystem.

Despite the skepticism of many, the Ripple team has managed to captivate several investors, with important new partnerships. The last one was revealed a few hours ago when the cryptocurrency payment processor CoinGate announced that it was providing support for XRP in all of its 4500 stores.

Coingate Accepts XRP But Also Wants To Help it Grow

The CoinGate team comments that in addition to having studied the technology, the decision to accept XRP was made considering the high demand for the token in the community.

“We are thrilled to let you know that we are adding yet another payment option for our merchants, and this time it’s a big one! Due to very popular demand by the community, our next cryptocurrency on the list – XRP! As a result, XRP coin owners can now use it as a means of payment at more than 4,500 shops online! Whether you want to purchase a VPN, video game or anything else, you are more than welcome to do that!”

CoinGate emphasized that as a company they have high confidence in Ripple’s trustworthiness and the advanced blockchain technology they develop. CoinGate noted that despite accusations of being extremely centralized, Ripple is carrying out a decentralization strategy in which they stimulate the admission of third-party validators, removing one proprietary node for every two new decentralized nodes.

They also expressed their commitment to Ripple technology. “To further accelerate the decentralization of the XRP network, we are now running our own XRP Ledger validator!” Coingate said in its announcement.

The relationship between Coingate and Ripple is not limited only to supporting XRP as a payment mechanism. Coingate also announced the launch of a token purchase service with several payment modalities:

“Now, you can also buy XRP via CoinGate using one of our supported methods. For example, you are able to purchase it using SEPA bank transfer, mobile balance, and QQPay via CoinGate dashboard. However, if you do not wish to bother with registration, there are alternative methods to achieve the same.
One way is to buy XRP with a credit/debit card. It is a very simple procedure that only requires a quick KYC check-up. Same goes for those who wish to purchase XRP using Neteller or Skrill wallets. Just provide your receiving XRP address, enter your credentials and proceed to checkout!”

Ripple is Growing… And You Can Be a Part of It

Ripple’s growth is a fact. Its marketing strategy and a solid technological development have allowed it to rise to number 2 in the global market cap, surpassed only by Bitcoin, which remains the undisputed king of cryptocurrencies.

Currently, unlike other projects that have had to dismiss several members due to economic losses, Ripple has initiated a campaign to acquire talent. At the moment there are 36 open positions listed on Ripple’s job site, for various departments in countries such as the United States, United Kingdom, Brazil, China, Dubai, Singapore, and India.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe