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XRP: Coin gets adoption push as developments in ecosystem reach all-time high

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XRP: Coin gets adoption push as developments in ecosystem reach all-time high
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XRP, the third largest cryptocurrency in the world, is fast approaching massive adoption as developers and other creators huddle together and add value to the XRP environment.

Rain is a Sharia-compliant cryptocurrency exchange in the Middle East, and XRP made its way onto the platform on 21 March, 2019. XRP is the fourth cryptocurrency listed on the exchange, after Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC].

According to the Saudi Gazette, Rain graduated from the Central Bank of Bahrain’s (CBB) Regulatory Sandbox on 26 February, 2019. The Saudi Gazette stated,

“To add more legitimacy and gain the trust of its customers, Rain also announced that it had passed a Sharia compliance certification. The Sharia-compliance certification was completed by Shariyah Review Bureau (SRB). SRB is licensed by the Central Bank of Bahrain as a Sharia Advisory firm authorized to issue Sharia compliance certifications.”

XRP Adoption

Microsoft Outlook

A developer, SchalaubiDev, recently developed an add-on for Microsoft Outlook, which would allow users to send XRP to other users easily. This add-on is currently up and running on Outlook 2016, with support for Office 365 in the works. The developer also added that the same functionality would be added to Gmail as well.

PayGlobal

XRP is being accepted by various exchanges around the world, the most recent in the ecosystem being the coin getting added to PayGlobal’s ATM bank card payouts.

The addition of XRP on its platform came nine days after a poll conducted by PayGlobal. With PayGlobal, users can directly shift from crypto to fiat using their existing bank cards.

Price of XRP 



David Schwartz, the CTO of Ripple, spoke at the SXSW Conference recently, giving his insights on Ripple, XRP, and the things that the company is focusing on. He wanted XRP’s price to be linked not to the company Ripple, but to the ecosystem concerning XRP and Ripple. He added that the price of XRP might be tied to the success of Ripple.

An XRP enthusiast, XRP Research Center, tweeted,





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

XRP

Ripple’s David Schwartz gets called out for selling his XRP; user brands it ‘biggest warning sign’ for XRP hodlers

Namrata Shukla

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Ripple's David Schwartz called out for selling his XRP; user brands it 'biggest warning sign' for XRP hodlers
Source: Pixabay

The cryptocurrency market saw most major coins fall considerably on April 21 as Bitcoin [BTC], the world’s largest cryptocurrency, registered a dip in prices. XRP, the third largest cryptocurrency on CoinMarketCap, also faced the brunt of BTC’s dip. XRP’s bear market has contributed to many XRP enthusiasts doubting their position. This was reflected in a tweet by a Twitter user, claiming to have seen the ‘biggest warning sign’ for XRP hodlers.

Twitter user @hlnoooo tweeted,

“Warning to all $XRP holders.
Ripple CTO @JoelKatz recently selling his $XRP stack is the biggest warning sign one could ever get. This is the most bearish sign for $XRP I have ever witnessed since beginning of ’17.”

The user further attached a warning for all crypto users, asking them to “get out now.”

Apart from Ripple’s CTO, David Schwartz, selling his XRP, the user observed a similar trading behaviour with another “Ripple employee,” who was also selling his/her XRP over the past few days. The SEC’s ‘Framework for Analysis of Digital Assets,’ hinting at a possibility of XRP being termed as a security in the long-term was speculated to be the reason behind the sale of these XRPs.

The user also cited an old tweet by Schwartz, where the CTO spoke about the ‘de-risking strategy’ he came up with his wife during the previous bull run. Schwartz’s tweet read,

“I hold some XRP that I bought on the open market over the years as well as other similar assets. When I first chose to put money in, I agreed on a de-risking strategy with my wife should we ever have too much at risk, which I’ve been following with some sadness.”

The user took this as an indication of the risk associated with owning XRP. He further stated that the bear market, coupled with the news of the CTO selling a part of his XRP was worrisome and bearish for the community.



However, Schwartz was quick to clarify his position and stated that he was still following the ‘de-risking strategy.’ He added,

“What helped me not to be so sad selling during the bull run was thinking how happy I’d be if I regretted my decision, but it still hurt.”

Schwartz’s informed @hlnoooo that a majority of his liquid assets was still XRP and that a majority of “illiquid assets was still Ripple stock.” He claimed to be deep in the game whether he “wanted to or not.” The CTO also spoke about the amount of risk he and his wife were in and the realization they had about how there was nothing to be done fundamentally. He concluded by saying,

“All my eggs are in one basket, but I do like the basket.”





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